Lloyd's Market Association sets 2022 core priorities

“As the market returns to in-person trading and the economy recovers from the pandemic, we are committed to seeing a new Lloyd’s emerge over the coming years, one that is even more highly-skilled, technologically excellent, and expert at selecting risk,” stated Cameron.

“Through LMA initiatives such as the LMA Academy and our market advocacy role, we provide vital tools towards ensuring that aim. We will also be working closely with our members, Lloyd’s, and the government to ensure that regulatory changes will be implemented in a way that works for the London Market and our partners.”

Aside from Future at Lloyd’s delivery, focus areas of which include digitisation, LMA’s other priorities span technical expertise advocacy, the field of regulatory reforms, as well as technical training and engagement.

As part of the association’s 2022 agenda, the LMA Academy will be doubling down on improving underwriting and risk trading skills across the market.  

Meanwhile the LMA chief added: “Lloyd’s is the world’s leading market for the trading of complex risk. Driving the market’s digital development through the Future at Lloyd’s programme is critical if we are to maintain that position.

“Integral to that journey is data. As chair of the London Market Data Council, I will be pushing hard for the adoption of a data-first mindset in our marketplace.”