Analogue Lloyds of London planning digital make-over.
"We have a huge modernisation effort, but I am not doing a big bang and shutting down the underwriting room like the stock exchange did to go digital over 30 years ago.”
She has already mandated that 30 percent of trading must be done digitally by the end of this year, and the aim is to hit 80 percent by the end of next year, she said."
Lloyd's Chief Executive Officer Inga Beale quoted by Huw Jones Reuters April 23rd 2018
Lloyd’s of London, the specialist insurance and reinsurance marketplace, is to collaborate with The Boston Consulting Group (BCG) and innovation and InsurTech specialist, L Marks on the development and operation of its planned technology Innovation Lab. Announced in February, the Lab is set to launch in September 2018 and will focus on designing and testing technology-driven solutions for the Lloyd’s market, with support and active involvement from Lloyd’s market participants.
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