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Market modernisation

News, insight and comment on how the re/insurance market is changing for the future.

Market Modernisation

London market technology vendors back Blueprint Two

Lloyd’s chief executive, John Neal, says support of the five technology firms is ‘integral’ to digitalising the market and is a ‘significant step’ in Blueprint Two delivery

London Market Modernisation

'The reinsurance community has set the bar for digital transformation'

Reinsurers and brokers have led the way in providing a model for global interoperability the rest of the industry can emulate, but this has not been accomplished overnight, rather it is the result of decades of thoughtful investment in digital capabilities

International Reinsurance

Lloyd’s approved for second London Bridge vehicle

Second protected cell vehicle will expand the type of coverages the London Bridge structure can write and the way obligations can be funded

Lloyds Market Modernisation

PPL unveils NextGen launch timetable

Placing Platform Ltd board reveals two-stage launch of NextGen platform, with APIs for placement and firm order not available until summer 2023, and announces departure of chief executive, Sue Jakobek

London Market Modernisation

Data Council launches consultation on new market reform contract

Intelligent Market Reform Contract will promote a single Acord data standard that enables the 'extraction' of the Core Data Record 

London Market Modernisation

'Could large insurers ever innovate like their insurtech rivals?'

The insurance sector is ripe for transformation and clearly lags behind other sectors in both digitisation and automation. But the real reason is less to do with the sector itself and more to do with the fundamental transformation of the customer

United Kingdom Market Modernisation

'Collaboration is key when it comes to market modernisation'

The importance of modernising and digitising is irrefutable but at the end of the day ours is a people business, and it is that ability to converse, connect and collaborate that will ultimately deliver the modernisation of the London market

London Viewpoint

'The issues London must tackle to remain at the heart of the global specialty insurance sector'

London has long been regarded as a centre of innovation for the insurance industry, but as its relevance is challenged in the face of competition from domestic carriers in overseas markets, it must take action

London Market Modernisation

'Digital modernisation is essential for London to maintain its relevance'

The London market is losing its relevance, particularly in emerging markets – something must be done

London Market Modernisation

'The future is bright for the London market'

It is easy to apply the lessons of previous successes as the market looks for new direct insurance and delegated authority business across all classes 

London Market Modernisation

'Why insurance leaders should care about digital trust'

To truly harness the potential of new data-based technology, we must earn the trust of clients and consumers – but a clear definition of what constitutes digital trust is still taking shape

Market Modernisation Technology

'London market modernisation is a win-win for firms, clients and talent'

Allowing the more cumbersome tasks to be done by technology will help elevate the role of insurance professionals

Technology Market Modernisation
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