The Future at Lloyd’s latest news

Lloyd’s, London Market Insurance Companies and DXC Technology partner to transform the technology and digital processing that powers the world’s largest insurance marketplace

Lloyd’s, DXC Technology (NYSE: DXC), the Boards of the Lloyd’s Market Association (LMA), and the IUA (International Underwriting Association) have signed new Heads of Terms which will support the ambition set out in the Future at Lloyd’s Blueprint Two to build the world’s most advanced digital and technology led insurance market place.

Bob James appointed as Market Transformation Director

Supporting the adoption of Delegated Data Manager

In March we announced our intention to undertake a phased approach to the full adoption of Delegated Data Manager (DDM), working with brokers, coverholders, delegated claims administrators (DCAs) and managing agents who have the capacity and appetite to adopt and drive early benefits.

Lloyd’s publishes Questions and Answers from ‘Blueprint Two – six months on’ webinar

Questions and Answers collated from attendees before and at the webinar are now available in our blog.

Lloyd's releases market-wide voice and video calling feature in the Virtual Room

Today we are pleased to announce the release of the market-wide voice and video calling feature in the Virtual Room.

Lloyd’s to invest in building digital delivery capability and opening a new hub in Manchester

Lloyd’s is investing to significantly enhance our digitalisation capabilities as we transform our market. For this, we are seeking new talent who will be excited to embrace the challenge and opportunities of building the Future at Lloyd’s.

Core Data record – second iteration

We have expanded, and added, some fields to the CDR template in the second iteration and strongly encourage you to continue to give us your input and insight.

Provide feedback on an early direction for the future Underwriting Room

Our market consultation to re-imagine the iconic Underwriting Room and supporting spaces in the Lloyd’s building continues – we are now inviting feedback on an early direction for the future vision via our collaboration hub.

Future at Lloyd's March newsletter

Read our March newsletter.

Delegated Contract and Oversight Manager

As part of the Future at Lloyd’s strategy, we are committed to delivering solutions that simplify and significantly reduce the cost of doing delegated business.

Lloyd’s consults on the first iteration of its Core Data Record under Blueprint Two

Delegated Data Manager (DDM) – Our journey towards a data first marketplace

Future at Lloyd's February newsletter

Calendar integration now available in the Virtual Room

On 24 February we launched some key features that enable brokers and underwriters using the Virtual Room to book a time that’s perfect for them both and syncs directly to work calendars.

Lloyd’s partnership with insurtech Optalitix to save market 13,000 admin hours a year

Getting covered – Gathering initial feedback on the Core Data Record

Virtual Room: extended to all classes of business for those located in the UK

UK regulators approve Lloyd’s multi Insurance Special Purpose Vehicle for new capital

Lloyd’s today announced that it has received regulatory approval from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to set up a new multi Insurance Special Purpose Vehicle (mISPV).

Virtual Room: providing digital access and collaboration within the Lloyd’s marketplace

Be part of the Future at Lloyd's

Very few people genuinely get the chance to be part of a once-in-a-generation programme that will truly transform their sector.

Improving delegated claims - a behind the scenes look

Hear from the market experts who are the architects for improving delegated claims.

Setting up Syndicate-in-a-Box is Picnic

Picnic s.2460, managed by Asta, is the latest Syndicate-in-a-Box (SIAB) to be approved, launching 1 January 2021.

Lloyd’s changes new minimum standards

Funds at Lloyd’s portal now live

Lloyd’s launches 2021 transformation plan with the second phase of its ambitious Future at Lloyd’s strategy

Virtual Room goes live with one class of business

Working with the market to develop the future of claims

We interviewed market participants to hear about their experiences in helping to shape the future at Lloyd’s claims solution. Here’s their thoughts.

New ILS Investor Backed Syndicate at Lloyd’s

Lloyd's new API enhances and simplifies electronic placement

KI - Collaboration between Brit and Google Cloud

Claims SCAS pilot goes live

New digital platform for members agents coming soon

Lloyd’s approves second SIAB start-up

Streamlining the claims decision making process

Sharpening focus in response to COVID-19

Lloyd's lead/follow pilot classes confirmed

Modernised syndication at Lloyd’s: How might it all work?

Video blog: A progress update from Jennifer Rigby

Key appointments at the Future at Lloyd's

Watch the Blueprint One launch

The Future at Lloyd’s receives overwhelming support

Industry heavyweights form advisory committee

Read the future at Lloyd’s prospectus story