Lloyd’s to focus on new technologies in 2018
Thursday, 12 28 2017, Category: Technology, Country: United Kingdom
Lloyd’s Chairman, Bruce Carnegie-Brown and Chief Executive, Inga Beale’s annual email to the market reinforced Lloyd’s commitment to reducing bureaucracy, driving cost-efficiencies and modernising services as the over 100-year-old insurer strives to remain competitive in a fast-changing market.
Jon Hancock the Performance Management Director at Lloyd’s of London, recently explained that the market has been falling behind and it is vital that it is made “simpler, easier and less expensive to do business at Lloyd’s.”
He stressed the need for Lloyd’s and those operating in its marketplace to, “adapt to survive and thrive.”