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Lloyd’s New Five-Year Strategy: Advancing the Global Insurance Marketplace

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Our strategy

 

 

 
 

 

Download our full strategy

 

A new strategy for Lloyd's

 

Patrick Tiernan

"Our new strategy is a disciplined, market-led and necessary sharpening of our financial edge.
It focuses on underwriting performance, improving efficiency and maximising our unique capital advantage, to drive improved returns."     Patrick Tiernan - Chief Executive

Video: Introducing our strategy

Our purpose: We bring together the world’s leading risk takers to advance global progress

We have a new purpose designed to create alignment and clarity on the Corporation’s future role.

Our strategy

Our new strategy is designed to sharpen our financial edge and meet our vision to be the pre-eminent global marketplace for insurance risk.

Underpinning this ambition are four strategic drivers.

 

Leading underwriting performance

Sustainable profitability through the cycle remains the primary measure of success. We will promote expertise and underwriting discipline, while remaining bold in embracing emerging risks.

 
 

Efficient and flexible marketplace

We will reduce friction, lower costs and create predictable, risk-based oversight so that capital and talent can move at pace.

Maximised capital advantage

Our unique structure allows more insurance risk to be taken per unit of capital than elsewhere. We will protect and advance that advantage to increase returns for the same level of risk.

A Lloyd’s to be proud of

Focus, innovation and talent are not soft ambitions. They are competitive necessities. We will invest where we increase return or relevance, and we will stop doing what does not.

Our ambition

By 2031, Lloyd’s will: 

  • Be recognised as the most capital-efficient marketplace for complex risk.
  • Command a share of wallet proportionate to its inherent strengths.
  • Operate across the full spectrum of commercial and specialty risk.
  • Be predictable, transparent and investable.
  • Retain and attract global talent and sophisticated capital as a matter of course.
  • Sit at the forefront of innovation in underwriting, capital and oversight.

Read the full strategy document 

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