Bakar Labs is a pilot program that provides resources, mentorship and lab space for innovations that address planetary health.
Insurer The Hartford says it is partnering with a lab at the University of California, Berkeley to help startup companies that are developing new energy and materials technologies.
Working alongside researchers at the Bakar Labs for Energy & Materials, The Hartford will offer insurance and risk-management expertise to companies in their formative stage.
Bakar Labs is a pilot program at UC Berkeley that supports startups by providing resources, mentorship and lab space for innovations that address planetary health.
The Hartford says that potential areas of collaboration include real-world case studies of company engagement with insurers, examples of changing risk profiles as companies scale, and guidance on evolving risk strategies as new technologies move from the lab to real-world deployment.
The collaboration is part of The Hartford’s broader effort to deepen its understanding of emerging technologies and evolving business models from a risk and underwriting perspective.
“The technologies that will power tomorrow's economy are being developed today,” said Matt Scott, head of Innovation and Risk Services at The Hartford. “The insights we gain will help us better understand emerging risks, develop new expertise and continue supporting customers operating at the forefront of innovation.”
