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Lloyd’s sits at the heart of the City’s insurance industry, which makes up 24 per cent of the City of London’s GDP and accounts for four per cent of the UK’s total economic output, based on data from the ONS and City of London Corporation.
Lloyd’s and Velonetic are still exploring three options for the latter stages of cutover.
The new target go-live date is October, but a milestone plan will be confirmed in April.
The first phase of Lloyd’s of London’s digitalisation programme Blueprint Two will now be rolled out in October, CEO John Neal has confirmed, as the market
Post Podcast: Insurance has moved from parchment, to paper, to PDFs in the last few hundred years and Blueprint Two will hopefully help the sector transition