Blueprint Two
In March 2026 Lloyd's announced a new strategy, with one of our four strategic drivers being An efficient and flexible marketplace. To support this we are partnering with the market to enable process simplification, common data standards and technology modernisation.
As a result we decided to transition away from Blueprint Two, our digital transformation initiative. The technology being deployed by market participants has advanced markedly since Blueprint Two was first conceived. Lloyd’s has a critical role to play in setting standards and organising data, and where we have data that is useful we will share it with the market.
We will refocus Velonetic - which operates the core processing services that underpin the London insurance and reinsurance market - on incremental technology modernisation, protecting market operational resilience. We will work closely with Velonetic – alongside our counterparts at DXC and the IUA – as it moves forward with its revised plan.