Looking for trends in London insurance market processing data

by John Taylor It’s that time of year again. Right now, I’m looking at a year’s worth of processing stats for the London Market and considering what trends, if any, we can see. With so much talk about London losing market share, insurtech [insurance technology] disruption, innovative technologies and market relevance, can we inform the […]

Digital transformation is critical to the continued success of the London Insurance Market

Just a few years ago, the London Insurance Market became aware that it needed to transform in order to maintain its position as the definitive global hub of commercial insurance and specialty risk. Despite its substantial £60 billion size and a 300-year-old history, the Market’s leadership position wasn’t guaranteed. A joint study by London Market […]

Influencing the future of the London Insurance Market

London Market Digital Minds DXC Blogs

DXC’s Caroline Bedford talks about the Digital Minds delegates at the ACORD London Forum. When asked to chair a panel on the subject of “Influencing the Future of the London Market” at the recent ACORD London Forum, I was delighted that our Digital Minds delegates would share the stage with such impressive industry leaders. The Digital Minds think tank […]

How can the insurance industry improve its talent pool?

The report ‘Talent in the London Market – Unique Advantage’ by the London Market Group and Deloitte, came out in 2016 just as I finished my first year working in the insurance industry. Before my career change, I worked in IT and telecoms for a decade, serving multiple vertical industries, large-scale corporates, SMEs and consumers. Needless to say, I saw and helped […]

The 4 pillars essential to insurance technology success

As insurance markets transform and providers compete with other financial services organizations for business, evolving operational strategies is no longer optional – it’s critical. A big piece of this is, of course, technology. Insurance companies need IT solutions that foster the enablement of new strategies and help them drive operational excellence, product innovation and customer service. By embracing digitization, […]

Why now’s the time for insurers to invest in new technology

Deciding to switch from a legacy system to a modern operating system is always tough. Add in challenging conditions in the insurance market and the “how” and “when” to do this can seem like impossible questions to answer. The good news for London Market firms struggling with this dilemma is that there is now proper […]

The changing London Market: Globalisation and modernisation in insurance

A recent talk with the theme of “Back To The Future” led me to consider whether the London Market is the place we would have dreamt it would be 30 years ago. Certainly, Lloyd’s has changed in unimaginable ways since then. Thirty years ago, the market stood on the brink of a barrage of claims associated with […]

Why the case for change in insurance is more compelling now

Recently, I attended an Intelligent Insurer magazine roundtable on the weighty topic of technology revolutionising the London Market. Coming from an insurance technology background, this is a subject close to my heart and that of my company, Xchanging, a DXC Company. As one of my roundtable panel colleagues and I recalled, the London Market history books […]

Changing culture in the insurance industry: Challenges and rewards

Technology is only one part of the digital transformation package currently facing insurers, and probably the easier bit. To accelerate your business by embracing digital, leaders need to drive a shift in corporate culture that aligns behaviours, organisational structures and processes with technology – and understand the impact this will have on their customers. For […]