Locked Out in Lockdown: How did the Lloyd’s/London Markets Respond to COVID-19 and What will the Lasting Impact be on EC3?

Key Points

• Has COVID-19 helped in speeding up modernization in the Lloyd’s and London markets?
• What will be the new normal for underwriters and brokers when they return to their offices?
• Are the Lloyd’s and London markets now more receptive to technologies such as RPA and AI?

With the launch of Blueprint One last September, Lloyd’s demonstrated its commitment to an ambitious program of modernization for the London Market. However, as research conducted by WNS revealed, opinion is split on the success of the proposed reforms with culture, new technology adoption, process fragmentation and transparency being the three key barriers to modernization.

The onset of COVID-19 saw Lloyd’s close the underwriting room on March 19,2020 and people had to adapt to new working practices remotely out of necessity. Given everything that has happened since March 2020, how ready are the Lloyd’s and London markets to take advantage of the expected hardening market? Watch the webinar to know more.