Lloyd’s Market Association (LMA) has set out its strategic priorities for 2026, aimed at reinforcing the Lloyd’s market’s position as a global insurance leader, with the board’s agenda focusing on underwriting, technical skills development, market simplification through digital and regulatory initiatives, and engagement with regulators.
The LMA will play a central role in representing its members during the rollout of Lloyd’s new strategy, expected in the first half of 2026, participating actively in both the planning and implementation phases. The association intends to shape market opinion on emerging trends in underwriting and claims, including the evolving role of market leaders and the use of facilitised business models. It will also continue efforts to increase the number of senior female underwriters.
Technical expertise remains a priority, with the LMA Academy concentrating on skills development at early-career, foundation, and intermediate levels. The association will promote career pathways in claims and finance to support talent retention and growth across the market.
Digital transformation and simplification projects are ongoing, including the completion of Core Data Records and testing of the re-platformed back-office system delivered by Velonetic. New initiatives will focus on defining a market-wide data strategy, better leveraging underwriting and claims data, and advancing the reporting rationalisation programme introduced in 2025, reducing duplicated and unnecessary reporting for managing agents.
The LMA will also intensify its regulatory engagement, working with Lloyd’s and the London Market Group to influence UK and European regulators on competitiveness, simplification, and reducing detailed regulatory burdens for non-consumer business. In the US, it will deepen understanding of London market practices with regulators in the Excess and Surplus lines sector, while continuing to advocate domestically for managing agents’ perspectives in governance and other regulatory matters.
Sheila Cameron, Chief Executive Officer, Lloyd’s Market Association, added: “The Lloyd’s market continues to evolve at pace and the LMA’s role is to ensure that managing agents have a strong, unified voice in shaping its future. We bring the market together to build consensus on complex issues, ensuring that the solutions we advocate deliver real benefit to our members. Our 2026 priorities reflect this commitment, focusing on underwriting innovation, strengthening technical expertise, simplifying processes through digitalisation, and influencing regulatory frameworks to protect and enhance the market’s position globally, particularly given the transitioning market conditions.”
