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All London market technology partners now support Blueprint Two solutions

02 December 2022

Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, has today confirmed that all London market technology vendors that interact with the existing central services have pledged their intent to introduce changes to their platforms to accommodate the new Blueprint Two solutions for the London insurance market. Blueprint Two will digitalise London market operations through solutions that will make placement, accounting and claims settlement better, faster and cheaper.

Announced in conjunction with the London Market Joint Venture, this news follows the 29 September announcement that five vendors (ACORD Solutions Group, AdvantageGo, DXC Technology, TRACE, and Verisk), representing over 80% of Lloyd’s total Gross Written Premium, had pledged their support. Today’s agreement by the organisations below means that all vendors currently known to be working with Lloyd’s existing central services have now made the same pledge:

‘We are committed to supporting our clients’ objectives in the London market in relation to working with the new digital services being developed under Blueprint Two.

While some of the details of the changes required are still to be released it is our plan, in line with our product strategy, to make necessary adjustments to our supported software products to ensure they work with the new digital services, at a minimum on a transitional basis and, where possible, on a digital basis, leveraging ACORD and API enablement.

We hope this will give our clients the confidence that we will ensure interaction with central services can be maintained and we will continue to work with our clients and the Blueprint Two Engagement Team, to ensure we understand and support our clients’ intentions and gain improved understanding of the digital services as the detail emerges on the impact to our software and our clients.’

Capital Software

Cenata

Charles Taylor InsureTech

DataPro

DOCOsoft

DuckCreek

Ebix

ECLIPTIC Technology

Eurobase

GPM Development

Guidewire

Morning Data

NorthDoor

Novidea Soft

Nsure

PPL

Ropner Insurance Services

Sapiens

TIW Group

WCL

Websure

 

Whitespace

 

"At DOCOsoft, we’re strong supporters of the Blueprint Two initiative. Once the core systems have been developed and modernised, this market will be far better placed to operate efficiently and leverage the power of data. Digitalisation will help insurance businesses make better, data-driven decisions and unleash the full potential of automation, AI, and machine learning. With open APIs built into the core systems, it will also support the open connectivity with external systems this market so urgently needs.

DOCOsoft is fully committed to our ongoing close collaboration with our carrier clients and with everyone involved in Blueprint Two to ensure it achieves its full potential. This will benefit all market participants and, crucially, the end-user customers this market serves. If market bodies, carriers, brokers, customers and core system vendors all work together to make this happen, London can once again emerge as a true centre of excellence in insurance innovation."
Aidan O'Neill, CEO, DOCOsoft
"As an established solution provider in the London Market, Guidewire acknowledges and applauds the work Lloyd’s and the industry partners are doing to modernise this marketplace. We have openly stated our commitment to not only support our customers, but to promote adoption of new market standards emanating from Blueprint Two. We’re proud to support this historic endeavour and continue to invest heavily in our offering to ensure our customers can play pioneering roles as this marketplace evolves to succeed in a digital world."
Will McAllister, Senior Vice President and Managing Director – EMEA, Guidewire
"Blueprint 2 is a once in a lifetime opportunity and one, as a market, we must not squander. To see change we need to talk the same language and in data terms that means standards. Using ACORD standards to share data, opens the opportunity to leverage the value of that data for different purposes, not just to submit it to a new digital gateway, but for each broker and carrier to take steps towards their broader digital strategies.

Always mindful the (re)Insured is the focus and the competitive edge for each broker is theirs to own and is unaffected by this initiative. But the set of rules and clear unambiguous requirement allows Vendors, like Morning Data, to support their clients towards lower frictional costs and better insights into their business. To this end, we have already built the CDR into the heart of our products enabling Brokers and Coverholders to go data first today."
Kirstin Duffied, CEO, Morning Data
"WCL is delighted to support Blueprint Two and to play a key role in the transmission and processing of ACORD GRLC messages. Having implemented eBOT and eCOT solutions across the globe, engaging with the Lloyd’s and London markets to align with these international standards is a key milestone in the development of a truly digital marketplace.

We are actively engaged with a number of our customers on delivery of Blueprint Two enabled solutions to ensure our customers are at the vanguard of this transformational activity."
James Willison, Managing Director, WCL

Background notes

A press release in January 2022 confirmed that DXC Technology, the International Underwriting Association, Lloyd’s Market Association and Lloyd’s had signed a contract to build the solutions to digitalise, streamline and fully automate processing for the Lloyd’s and London market. This activity is being delivered by the London Market Joint Venture.