There will be bumps in the road, but this could be a year
Lloyd's takes control of its future.
2020 is set to be a big year for Lloyd's of London as it
begins work on implementing the key initiatives proposed in
Blueprint One.
We have already seen the Corporation take control of performance
via the Decile 10 programme, which has driven clear improvement and
demonstrated its ability to execute a challenging strategy while
maintaining cross-market support.
However, in the next 12 months, the Corporation will extend that
control by exercising greater power over all businesses that choose
to operate within it, not just underwriters, but brokers, MGAs,
alternative capital providers, technology providers, claims and
loss adjusters – all of which are keen to claim or preserve
their place in the ecosystem.
