News Non-Life03 May 2019

Global:Lloyd's reveals new strategy to lower cost of doing business


To keep up with a dynamic risk environment and rapid advancements in technology, specialist insurance and reinsurance market Lloyd's has published a new strategy dubbed 'The Future of Lloyd's'. Described as 'bold', the strategy seeks to mark the next phase of consultation and blueprint development involving Lloyd's unique ecosystem of market participants, customers and other stakeholders. Based around six initiatives, the market will start building and delivering prototypes and full services from October 2019, with some operational in early 2020.

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