The Lloyd’s Market Association (LMA) is prioritizing advancements in digitisation, addressing regulatory challenges, and fostering talent development and cultural growth, as detailed in its strategic priorities for 2025.
The LMA emphasised the importance of Blueprint Two, which aims to simplify and digitise the market. It plans to advance the safe delivery of this initiative in 2025. The association will collaborate with the London Market Group’s Data Council to promote data standards and expand the use of core data records across various placement methods. Additional digitisation efforts will target improvements in wordings, particularly through the development of computable binding authority contracts.
Read more: LMA comments on Blueprint Two cutover delay
Regulatory advocacy will be another significant priority in 2025. The LMA intends to launch a new regulatory engagement programme, representing its members in the UK, EU, and US. A central focus will be building on its 2024 work with the Financial Conduct Authority to distinguish commercial and specialty insurance from other categories under regulatory classifications. It will also continue its partnership with Lloyd’s, particularly on delegated underwriting strategies, proposed capability frameworks, and updates to the Principles for Business Oversight framework.
In 2025, the LMA will also act on recommendations outlined in its 2024 technical reports concerning enhanced underwriting, capital oversight, and the transition to new market standards. The association plans to issue additional reports throughout the year to reinforce the Lloyd’s market’s position as a technical leader in global commercial and specialty insurance.
Cultural initiatives remain a focal point, with a continued emphasis on increasing female leadership in underwriting. The LMA also aims to support early talent, particularly in claims, through its technical training programme. These efforts align with its broader goals to enhance the market's inclusivity and expertise.
According to LMA CEO Sheila Cameron (pictured), the organisation’s 2025 objectives reflect its commitment to bolstering Lloyd’s reputation as a hub for insurance and reinsurance.
"Our 2025 objectives reflect our commitment to build on Lloyd’s global reputation as the beating heart of insurance and reinsurance. We look forward to a busy and productive 12 months,” she said.
What do you think of the LMA’s 2025 priorities? Are they addressing the key challenges of the Lloyd’s market? Share your thoughts below.
