How does the London Market keep its edge post-Blueprint Two?

This article explores how the London insurance market can maintain its competitive edge following the shelving of Blueprint Two, the ambitious programme designed to modernise placement, accounting and claims. While the initiative ultimately fell short of its original objectives, industry leaders believe it delivered important lessons, particularly around data standards, digitisation and process improvement.

Billy Towner, Business Development Manager at CT InsureTech, highlights this positive legacy, saying the programme succeeded in “accelerating the conversation around digitisation, data quality and process improvement”across the market. He also points to improved data standards and digital processes as tangible benefits that could help carriers, brokers and coverholders transact more efficiently.

The article suggests that future transformation will be more market-led, with firms adopting technology according to their individual needs rather than relying on one centralised programme. Claims are emerging as a key area for innovation, particularly through AI, although strong data foundations and appropriate human oversight remain essential.

Overall, Blueprint Two may have been shelved, but its underlying goal of modernising London remains alive.

Read the full article on Insurance post https://www.postonline.co.uk/technology/7960981/how-does-the-london-market-keep-its-edge-post-blueprint-two