Market modernisation
News, insight and comment on how the re/insurance market is changing for the future.
Aon ramps up data focus with roll-out of digital follow platform
As data becomes ubiquitous, brokers will need to start providing much richer submissions to insurers, Aon’s Clyde Bernstein says
London market scheme launched to tackle expert payment delays
New initiative from LMA, IUA and Liiba seeks to address operational payment delays to support continued availability of specialist survey services
Fixing delegated authority after Blueprint Two
A faster bordereaux process is not sufficient to resolve what is effectively a control problem
LMG consults on extending data standards to delegated business
The consultation on Core Date Record extension opens from June 5
LMG extends Core Data Record to treaty business
Work ongoing to extend CDR to claims and delegated authority business in the London market
Fidelis partners with Howden to automate broker submissions
Broker Connect capability seeks to significantly enhance the speed and quality of information flows between brokers and underwriters
PPL rolls out upgraded console with AI tools
Latest release adds document comparison and placement creation assistants as the platform expands its digital trading capabilities
Sunsetting of Blueprint 2 will not create additional costs: Tiernan
Incremental upgrade of market’s back-end infrastructure will be delivered within existing budget, Lloyd’s chief executive says
The death of Blueprint 2 will be a welcome fresh start
While it might be late, a back-to-basics plan for digitalisation is what the market needs
Lloyd’s likely to revert to a phased approach to digitalisation
What comes after Blueprint 2 is expected to be an evolution rather than a complete re-think of the London market digitalisation project
Many Lloyd’s underwriters ‘overestimating lead position’, LMA warns
Insurers must undertake a ‘frank assessment’ of where they sit on the lead/follow spectrum, association says
London market is ready to move on from Blueprint 2
As reports suggest Lloyd’s has finally shelved its long-delayed digitalisation strategy, many market players are already forging their own path
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