InsurTech-led Change in the Lloyd’s Market: A Primer and Strategic Guiderails for Managing Agents
September 21, 2018 Chris Sandilands
We are pleased to announce the publication of a report, sponsored by the Lloyd’s Market Association and supported by InsTech London, entitled “InsurTech-led change in the Lloyd’s Market – A Primer and Strategic Guiderails for Managing Agents”.
In the report we outline how InsurTech is already impacting the corporate & speciality market, and why both insurance and non-insurance drivers (e.g. 3D printing) are likely to accelerate change. We describe five big InsurTech-led trends that affect insurers and outline how management teams should respond. We finish by profiling 15 InsurTechs which we feel are likely to have an impact in this space.
One important point that we make in the report is that we do not consider InsurTech as distinct from other trends in the industry and prefer to see it as one of several facilitators of technology-led change. InsurTech is a tool that helps insurers and brokers enhance and execute their strategies.
Chris leads engagements across strategy and transformation, focusing most of his time on global reinsurance and UK & Ireland retail insurance.
Chris started his career at Munich Re where he was a D&O underwriter. During this time, he gained his ACII qualification. He then moved into consulting, where he has spent 20 years advising (re)insurance management teams around the world on topics including strategy development, operating model redesign, governance optimisation, underwriting transformation and innovation. Chris lives in London and spends a lot of his time with clients in Bermuda and Continental Europe.
Chris frequently authors Oxbow Partners papers and articles. He was the lead author on our InsurTech Impact 25 series. He is a dual British and Austrian citizen and speaks fluent German.