Lloyd’s
Lloyd’s of London represents a key global hub for specialty re/insurance risks. The market’s high cost base and traditional reluctance to embrace technological reform has raised questions about its competitiveness, prompting the launch of The Future at Lloyd’s initiative in 2019. This section contains news, analysis and insight examining developments in this project as Lloyd’s works to strengthen its position in the global specialty re/insurance industry.
'The digitisation of the London market is starting to deliver real efficiencies – we need to press on'
Fuelled by the need to work in different ways because of Covid-19, the market-wide drive to digitisation has started to deliver real efficiencies but we must seize on this momentum to modernise the way business is done in the world’s longest-established insurance marketplace
Bell & Clements' Ash: ‘Data analytics is critical to the success of our business model’
The hard market, combined with the changing risk environment, is providing significant opportunities for the intermediary's hybrid business model, its chief executive says
Chaucer's Fowle: ‘The cult of the London market underwriter must be reassessed'
Insureds are increasingly interested in the capital and resources behind the individuals they interact with at specialty risk carriers such as Chaucer, the group’s chief executive says
TMK's Shaw: ‘Innovation and underwriting discipline will see us through Covid’
Tokio Marine Kiln is engaged in a major portfolio optimisation programme to better position itself in the post-Covid market, the company’s chief underwriting officer says
Viewpoint: Data-driven underwriting will secure the future of coverholder market
The market must invest more in new technology ecosystems to enable coverholders to analyse, manage and share risk data more efficiently and cost effectively
Viewpoint: The days of the Underwriting Room at Lloyd’s are numbered
In the post-lockdown world, a complete rethink of the use of the trading floors is required
Focus: Brokers must lead drive to reduce the cost of distribution
To survive in a rapidly transforming market environment, it is critical brokers concentrate on those aspects of their role that truly add value to both underwriters and clients
Focus: New leadership is needed for diversity to flourish in the London market
Transforming the current market workplace environment to cater to different work patterns, backgrounds, circumstances, and abilities, demands a different style of leadership and talent management
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