Market modernisation
News, insight and comment on how the re/insurance market is changing for the future.
Brace named chair of London market Data Council
LMA operations director Joe Brace succeeds Sheila Cameron
Wagstaff warns of labour shortage in London market
London Market Group’s Caroline Wagstaff welcomes Labour government’s pursuit of regulatory reform
Aegis launches digital follow Lloyd’s consortium
Facility will provide ‘seamless digital access’ to follow capacity across property, casualty and specialty lines
PPL launches carrier response time benchmarking tool
New offering aims to use transactional data to help carriers identify where their service delivery could improve
The rise of the lead follower at Lloyd’s
Digitalisation is not just driving the bifurcation of lead-follow construct at Lloyd’s, it is also creating a new tier of leaders within the follow market
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
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