Lloyd’s new initiative may result in changes: Aon

Source: Business Insurance

September 05, 2019 A report by Aon PLC said that Lloyd’s of London’s chief executive John Neal’s “Future at Lloyd’s” initiative may result in some of the biggest changes in the market, Asia Insurance Review reported. These changes include separate placement methods for complex and standardized risk; easier entry to the market for high-performing innovative businesses; more flexibility in the way capital participates; a next-generation claims service; and the creation of an ecosystem of data and services.