Lloyd's Market Association

John L., Head of Regulatory Affairs, spoke at Insurtech Insights last week on a panel titled Navigating the Shifting Regulatory Landscape: Strategies for Insurers to Stay Compliant. The session provided valuable insight into how insurers can respond to evolving regulation while maintaining operational efficiency. John joined industry peers to explore practical strategies for staying compliant, adapting to change and identifying opportunities in a dynamic regulatory environment. #LMA #Insurance #Regulation #Compliance #InsurtechInsights #Lloyds

What is a computable contract?   In its simplest form, a computable contract is a digitised version of today's 'slip'. It translates the building blocks of a contract - the words and the numbers - into modular digital assets.   The structured data aids greater consistency and certainty in both the creation and operation of the contract, allowing complex specialty products to be built, modelled and launched quickly and easily.   As part of the LMA's Delegated Authority Re-Imagined (DARE) initiative, we're aiming to leave the inefficiencies of the paper trail behind and digitalise the DA marketplace.   Watch the video below or head to our dedicated DARE website to learn more: https://lnkd.in/eEktjcKn   #LMA #DARE #DelegatedAuthority

The next instalment in our video interview series with The Insurer TV is now on its way. This time, Jessica Wong, CFO at Beazley Furlonge Limited, shares her career journey and insights into leadership within the Lloyd’s market. The series is designed to spotlight some of the highly influential women on the LMA’s Board and in the Lloyd’s market, as part of our continued commitment to representation and visibility in the market. Stay tuned for the full interview. #IWD25 #LMA #Insurance #Lloyds

The LMA recently hosted an educational session examining the potential impact of artificial intelligence across Financial Institutions, Directors & Officers, Cyber and Professional Indemnity lines of business.   Led by experts from Kennedys, the session focused on two key areas: ➡️ Whether AI could lead to claims against insureds and the likely nature of those claims ➡️ How AI may influence claims handling and underwriting practices   Thank you to our speakers Dónal Clark, Jennifer Kusiak, Joel Durston, Edward Le Gassick and Emily Harris, (Kennedys). And special thanks to Valentina Poenaru (Aspen) and Alexandra Nurse (Kennedys) for organising and supporting the delivery of this session.   This event forms part of the LMA’s continued work to support the development of emerging professionals and provide insight into current and future market issues.   #LMA #ClaimsCommunity #EmergingProfessionals #AI #CyberInsurance #FinancialLines #LloydsMarket

The LMA has published two new model clauses – LMA5671 (Funds Withheld Clause) and LMA5672 (Letter of Credit Clause) – to support the negotiation of cross-border reinsurance contracts with Indian cedants. These clauses are designed as starting points for underwriters and brokers working with cedants subject to new requirements introduced by the Insurance Regulatory and Development Authority of India (IRDAI). As this legislation is newly introduced and remains untested, underwriters may wish to seek independent legal advice to ensure the clauses meet their specific needs. As with all LMA model documents, these are intended for guidance only and may be amended to suit individual requirements. The LMA does not assert IP rights over its model documents, and contracting parties are free to use or adapt them as appropriate. For more details, please refer to the full bulletin on the LMA website: https://lnkd.in/eZaz8CJ8 #LloydsMarket #Reinsurance #ModelClauses #IndiaInsurance #CrossBorderContracts #IRDAI #LMAClauses #InsuranceLaw #FundsWithheld #LOCClauses  

With just one week to go before nominations close, we wanted to introduce you to the judges of the LMA Claims Awards 2025.   Scroll through below to find out which industry experts will be judging your team's entries!   Designed exclusively for Lloyd's managing agents, the LMA Claims Awards celebrate innovation and excellence across the claims community.   More details of the awards can be found on the LMA website: https://lnkd.in/efhaZktb   #LMAClaimsAwards #Claims #LMA Barbara Rizzi Gabrielle Folliard Matthew Bunting Stephen Roberts ACII

At the Sustainable Insurance Summit 2025, Paul Davenport, Finance & Risk Director at the LMA, chaired a panel exploring how the insurance sector can accelerate progress toward net zero. Joined by Claudine Blamey (Chief Sustainability Officer, Aviva), Irem Yerdelen (Deputy Chair, Transition Finance Council) and Charlie Heathcote (Head of Sustainability, Fidelis), the panel discussed the urgent need for action and the importance of market-wide collaboration. Thank you to all the panellists for sharing their insights and helping to drive the conversation forward. Learn more about the LMA’s support to members’ sustainability objectives here: https://lnkd.in/eWcGfQk4 #LloydsMarket #NetZero #SustainableInsurance #TransitionFinance #ClimateAction #InsuranceLeadership #SUSTAIN

Cyber risk remains one of the most complex and fast-evolving areas of insurance, with the Lloyd’s market underwriting around one fifth of the world’s cyber premium. This six-module foundation programme from the LMA Academy is designed to support underwriters, claims professionals and risk managers who are new to cyber, or looking to refresh and broaden their knowledge. With expert input from market practitioners, the programme covers: ➡️ Understanding cyber threats and exposures ➡️ Underwriting and managing cyber risk ➡️ Aggregation and exposure challenges ➡️ Claims handling and response Delegates will gain the tools to support customers, understand risks and apply practical thinking to real-world cyber scenarios. 🗓️ 20 May – 24 June 2025 🧠 21 CPD hours 🎯 Aimed at market practitioners in underwriting, claims and risk Register here: https://lnkd.in/eSQHWb3c #LloydsMarket #CyberInsurance #LMACyber #InsuranceEducation #CyberRisk #LMAAcademy #ProfessionalDevelopment

The LMA's new report, Practical Management of Cyber Exposures and Aggregations, explores one of the most dynamic and challenging perils in today's risk landscape. The report: ➡️ Explores examples specifically related to cyber risk. ➡️ Examines the challenges of collecting and standardising data, the benefits and drawbacks of various modelling methodologies and the need for upskilling within exposure management teams. ➡️ Calls for cross-market collaboration to invest in talent, leverage emerging technologies and to adopt a standard approach to exposure management in the cyber market. Read the full press release here: https://lnkd.in/e7swZwqD Download the report here: https://lnkd.in/e7zUBUCH #LMA #ExposureManagement #Cyber

We are enormously proud of the LMA Academy's Richard Smith FCII, who has been honoured with a prestigious Lifetime Achievement Award - an incredible recognition of his nearly 38 years of dedication and contributions to the insurance sector.   The award is for Richard's achievements and outstanding lifetime contribution to the Chartered Insurance Institute, the Insurance Institute of Bristol and the insurance profession as a whole.    Congratulations, Richard! Well deserved.   #LifetimeAchievement #CII #Insurance #LMAAcademy