Working together, we can deliver Blueprint Two and achieve our ambition to be:
Delivering our solutions for the market
Re-engineering the way business is transacted in the market through all aspects of placement and processing of premiums and claims
Completing the processing transactions within placement and claims in seconds and minutes, rather than weeks
Delivering significant cost savings through digitalisation of the marketplace, avoiding errors and rework
The power of right first time data
Blueprint Two set out the plan for delivering our vision to digitalise our insurance marketplace. Since publication, and in collaboration with the market, we have made strong progress towards our ambition to be better, faster and cheaper.
The success of digitalisation is dependent upon right first time data. Enabling accurate, standardised data to flow through the entire transaction lifecycle with minimal human intervention will be fundamental to the success of our transformation for both open market placement and delegated authority placement.
The landmark agreement between Lloyd’s, DXC Technology (DXC) and the International Underwriting Association (IUA), supported by the Lloyd’s Market Association (LMA), is a significant milestone on our journey to create new digital automated processing for the Lloyd’s and company market, and significantly enhance our claims services.