Future Minds has been created by the Product Innovation Facility (PIF). The PIF was launched by Lloyd’s to specifically provide meaningful capacity for emerging and developing exposures that do not readily fit risk profiles that can be insured by established classes of business and policies.
Trevor Maynard, Head of Innovation at Lloyd’s, said: “A reputation for innovation has long been a trademark of Lloyd’s and this initiative is aimed at reinforcing that position. The objective of the Future Minds Programme is to provide a framework for innovative underwriters, brokers and clients to network and develop new risk solutions for industry’s evolving needs in relation to intangibles”.
This group will stimulate product development in the Lloyd’s market which will bring together subject matter expertise in the risk and insurance community to collaborate on risk understanding, and to test solutions in the Lloyd’s market.
The work programme will evolve to suit the needs of those who join the programme and form the Programme Group, whilst showcasing the depth of innovation services available through Lloyd’s.
Tom Hoad, Head of Innovation at Tokio Marine Kiln and Chair of the Product Innovation Facility, said: “Members of the Future Minds Group will come from a diverse range of applicants. Ensuring diversity will bring together a bigger pool of ideas and give the opportunity to everyone to speak up.”
If you are interested in talking part Lloyd’s have made a few additional places available - contact firstname.lastname@example.org