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LMA sets out strategic priorities for 2023

31st January 2023 - Author: Matt Sheehan

The Lloyd’s Market Association (LMA) has published its Member Manifesto, which announces its strategic priorities for 2023 and includes a focus on supporting members’ alignment with Future at Lloyd’s initiatives.

lma-lloyds-logoSupported by DXC technology, the LMA plans to help the initiative foster a digitised marketplace, including the adoption of a unified claims vision, and optimisation of the market’s delegated authority business processes and practices.

As part of its new priorities, the Association will also continue its drive to expand and build on the market’s technical expertise, with a particular focus on ESG.

It aims to work with managing agents to ensure the ESG data, reporting, and oversight regime Lloyd’s intends to adopt is credible, practical, and measured, and will also work closely with members to reinforce the market’s technical expertise.

Other areas of focus for the LMA this year include regulatory engagement, technical training programmes and member engagement.

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“2023 is set to be the culmination of years of effort in the Lloyd’s market. We cannot stop here; it is critical that we remain sharply focused on supporting and delivering the market’s transformation programme,” said Sheila Cameron, CEO of the LMA.

“In profound ways, the industry is now tackling the challenges of modernisation head-on, and we are passionate about doing the same, whether it be through diversity and inclusion initiatives that are transforming the workplace, through technological solutions that are creating value for our members, or through the skills and technical excellence we are providing at the LMA Academy,” Cameron continued.

“Our Member Manifesto sets out an ambitious agenda that is as always intrinsically linked to the success of our members and the Lloyd’s market. With the fantastic team at the LMA and the continuing support of our members, I firmly believe we will successfully deliver this agenda.”

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