London Insurance Market Transformation: Charting the Path to the Future
Market Report

31 Dec 2024
by Abhimanyu Awasthi, Sahil Chaudhary, Suman Upardrasta, Sidhaant Nagpal

London insurance market faces an increasingly complex global environment. Known for managing intricate risks through a network of syndicates and brokers, Lloyd’s has insured everything – from traditional property risks to emerging threats such as cyber risks. However, global risks’ interconnected nature demands a more agile and responsive market, especially as rising customer expectations and geopolitical tensions push Lloyd’s to a pivotal moment where innovation is essential.

In this viewpoint, we outline London insurance market’s strategic priorities, key segments such as property, casualty, and specialty insurance, blueprint model’s role in driving digital transformation, and outlook for insurance enterprises.

Scope

  • Industry: insurance
  • Geography: UK
  • Service: insurance BPS

Contents

In this study, we examine:

  • Product overview in the London insurance market
  • The digital transformation journey
  • Key services offered, strategic collaborations, and value delivery opportunities for providers
  • Focus areas for 2025 and regulatory landscape

Memberships

Insurance Business Process

Sourcing and Vendor Management

 

Page Count: 43