What are the benefits?
Our vision is to be the platform of choice for insurance and reinsurance buyers and sellers to access and trade specialist property and casualty risks.
The five benefits
We have set out five main benefits of operating with us:
1) An overarching, consistent performance management framework across all key aspects of a managing agent’s business, that supports the achievement of superior operating returns as part of an effective enterprise risk model.
2) A capital framework in which the benefits of mutuality demonstrably outweigh the costs and which cannot readily be duplicated outside Lloyd’s.
3) Stable insurer financial strength ratings (currently at least ‘A’) necessary to attract specialist property and casualty business.
4) Cost-effective, easy access to the major markets supported by a global brand and licence network.
5) An efficient, cost-effective operating environment that allows managing agents and brokers, irrespective of their location, to deliver excellent service to customers.
Taken as a whole, the attractions of operating at Lloyd’s for market participants will be:
a core central offer of security, market access and standards, plus the provision of flexible tools and services which can be used as appropriate to execute individual strategies.
a secure market with diverse participants with differing strategies and risk appetites, where policyholders benefit from Lloyd’s reputation and service quality.
an opportunity to invest, within a capital efficient framework, in businesses with the ability to maximise their performance in the specialist insurance market.
We have a rolling three-year plan aimed at delivering our vision and the five benefits. You can see the latest three-year plan here.
