Responding to the UK government’s new industrial strategy, Inga Beale, Lloyd’s CEO, said:

“We are delighted to see the Government place innovation at the heart of the UK’s industrial strategy. Lloyd’s has always prided itself as being at the forefront of innovation in insurance. As the digital economy expands, impacting almost every aspect of our daily lives, we continue to embrace these developments by investing in new technologies and new ways of working – such as real-time spatial analytics and artificial intelligence. We also enable UK businesses to seize opportunities by helping them de-risk in a digital world. Through supporting the development of autonomous vehicles and driverless cars, for example, insurance gives others the confidence to innovate and take on risks, which helps drive businesses forward.”