Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, has today confirmed that technology vendors, ACORD Solutions Group, AdvantageGo, DXC Technology, TRACE, and Verisk, will introduce changes to their platforms to accommodate the new Blueprint Two solutions for the London insurance market.
Collectively, these vendors work with companies who represent over 80% of Lloyd’s total Gross Written Premium*. In addition, the five organisations support a significant proportion of London market insurers, working with over 60 carriers, as well as covering over 90% of GWP of the largest 25 London market brokers.
Announced in collaboration with the London Market Joint Venture, each organisation has committed to making the necessary system changes to support Blueprint Two programme execution and enable easy adoption for their customers. Blueprint Two will digitalise London market operations through a number of solutions that will make placement, accounting and claims settlement better, faster and cheaper.
ACORD Solutions Group, AdvantageGo, DXC Technology, TRACE and Verisk have all pledged their support through signing the following statement: