Financial technology presents huge opportunities for how the London insurance market operates in the future. On 18 November a seminar, hosted by Lloyd’s, brought together successful technology entrepreneurs and leaders from the London insurance market to debate the risks and rewards of technological disruption drawing insights from other companies and sectors which have already embraced technological change.
The event was chaired by WIRED magazine editor David Rowan, with contributions from Alastair Lukies from Innovate Finance, Justin Emrich, CIO at Atrium, Hank Uberoi, CEO of Earthport, Michael Mainelli, Executive Chairman of the Z/Yen Group, Aldo Monteforte, CEO, The Floow and Rhydian Lewis, CEO, RateSetter.
In practical terms, the seminar engaged stakeholders with the long-term technological opportunities which could enhance the new target operating model for the London market, known as TOM. TOM seeks to build on current market practices whilst factoring in the most effective and appropriate use of technology possible.
What mutual distributed ledgers (aka blockchains) might mean for insurance - Professor Michael Mainelli, Executive Chairman of the Z/Yen Group
Revolutionising cross border payments - Hank Uberoi, CEO of Earthport