Market modernisation
News, insight and comment on how the re/insurance market is changing for the future.
Axa XL partners with McGill on digital placement
The insurer’s UK and London business will use McGill’s broking platform to digitally align its risk appetite with the broker’s client portfolio
London market CEOs back data standards campaign
Industry leaders urge companies to adopt a single shared data standard to benefit from the coming digital market
Regulatory concerns among blocks to AI adoption, LMA survey finds
Lloyd's Market Association survey also finds worries about model accuracy and skills shortages
WTW adds international property facility to Neuron
Facility’s transition to broker’s digital trading platform coincides with its May 1 renewal
Are underwriters ready for a 60% follow market at Lloyd’s?
The evolution of the enhanced underwriting model could fundamentally change the way in which Lloyd’s managing agents underwrite their business
LSM begins writing D&O and cyber through WTW’s Neuron
The addition of Liberty Specialty Markets capacity is part of the broader expansion of the digital platform, broker says
Centralised e-trading interconnectivity would revolutionise London’s underwriting experience
The London market has made huge strides streamlining operations, generating efficiencies and improving data acquisition but to avoid squandering the progress made it must press ahead with a holistic service that takes the needs of all stakeholders into account
Cutover ‘must be fit for purpose’ as Blueprint Two phase one delayed again
London market bodies insist safety must come first as Lloyd’s confirms further delay to phase one cutover of major market modernisation initiative
LSM adopts WTW’s Neuron digital trading platform
The specialty insurer says using Neuron platform will improve the speed and scale of its follow business
PPL launches integrated digital contract capability
Contract capability aims to enable brokers to create structured data templates with API connectivity to their in-house systems
PPL launches express renewal functionality
New functionality simplifies risk renewals for brokers with faster processing, automatic data updates and improved navigation
London Bridge hits $1.92bn deployed capacity
Lloyd’s protected cell vehicle had established 19 cells by the end of 2024 with committed capital of more than $2.5bn
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