The Lloyd's: digitization at the heart of the strategy
On the 1st of April 2019, the Lloyd's of London revealed its new modernization plan. The objective is to improve the underwriting and risk management processes while providing the customers and the insured with a high technology service.
To achieve this objective, the Lloyd’s strategy was established upon six pillars:
- a platform for the underwriting and management of complex risks
- a platform for the underwriting and management of less complex risks
- a platform capable of offering the insured insurance solutions in minutes
- a "Syndicate-in-a-Box "solution which allows syndicates to launch new products and activities on the market
- a platform for risk management
- a global system of services open to the overall market
- The implementation of this modernization policy shall start in October 2019.
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