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This unique agreement, that brings together both the Lloyd’s and insurance company markets in London in a new joint venture agreement with DXC Technology, will deliver both world class technology as well as significantly reducing the processing costs for the market. ....
Services Search Lloyd’s, London Market Insurance Companies and DXC Technology partner to transform the technology and digital processing that powers the world’s largest insurance marketplace 27/05/2021 Lloyd’s, DXC Technology (NYSE: DXC), the Boards of the Lloyd’s Market Association (LMA), and the IUA (International Underwriting Association) have signed new Heads of Terms which will support the ambition set out in the Future at Lloyd’s Blueprint Two to build the world’s most advanced digital and technology led insurance market place. The parties confirmed that this new arrangement followed many months of discussion, product development and early solution workshops that will provide accuracy, speed and processing power to the London insurance markets. The new technology and digital processing capabilities will support the ambition to allow a customer to get cover more quickly and support faster claims payments. ....
Future at Lloyd s Creating the world’s most advanced insurance marketplace The global risk landscape is changing at pace and our customers operate in a complex and fast changing world. Lloyd’s is building the world’s most technologically advanced insurance marketplace, providing customers with the widest range of risk solutions and services to help them face these new risks with confidence. Our story so far On 5 November 2020 we published Blueprint Two which sets out our ambitious strategy to delivery profound change in the Lloyd’s market through digitalisation. This second blueprint brings to life our plans and details the real and tangible solutions we’re delivering. It shows how, through the digital ecosystem we’re building, risk placement will be more efficient, and policies created in minutes. It shows how we’re significantly reducing claims lifecycles and how the delegated authority ecosystem will be simplified. Success in all these areas wi ....