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Following the near completion of the Core Data Record, the London Market Group’s Data Council has put together some suggested recommendations for what the new processes, roles and responsibilities could look like within the target-state data/digital journey. The LMG Data Council is now running a consultation process to sense check the recommendations against the business outcomes required by the market, as well as understand if the processes will address previously identified pain points and opportunities for increased operating effectiveness and efficiency.

/PRNewswire/ -- The London Market Group is delighted to announce that, at its meeting on March 22nd, the Data Council, supported by its Technical Group,...

Lloyd's confirmed a contract has been signed with DXC Technology and the International Underwriting Association (IUA) in an agreement that will build the

Today, Lloyd’s confirms that a contract has been signed with DXC Technology and the International Underwriting Association (IUA) in an agreement that will build the solutions to digitalise, streamline and fully automate processing for the Lloyd’s and London market; a pivotal moment in fulfilling the ambition set out in Blueprint Two. The agreement has also received support from Lloyd’s Market Association (LMA).

Lloyd’s consults on the first iteration of its Core Data Record under Blueprint Two 11/03/2021 Lloyd’s today published the first version of its Core Data Record (CDR), which will ultimately enable standardised, quality data to flow through the Lloyd’s market with the aim of significantly improving operations, reducing the cost and effort of doing business, and delivering a better service to customers. This represents a key milestone for Lloyd’s Blueprint Two programme, which is the second phase of Lloyd’s Future at Lloyd’s strategy to shift the market to a digital ecosystem, powe...