Episodes
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In this podcast episode, we dive into the world of technology and its impact on the Lloyd's insurance market. Our guest, Roger Foord from Lime Street System Solutions, shares insights into the historical evolution of technology in the market and its current challenges and prospects.
Roger's extensive experience in the industry dates back to the 1980s, when he started working for the Market Bureau, pioneering the concept of central electronic accounting systems for insurance. After stints in other countries, he ventured into consultancy in 1998 and established Roger Foord Associates, focusing on aiding technology companies to connect with potential buyers in the Lloyd's market.
He delves into the realm of InsurTech, highlighting the distinction between technologies aimed at individual underwriters or brokers and the market as a whole. While there's a growing trend in personalised tech solutions for specific aspects of underwriting and broking, Roger suggests that a complete digital transformation of the entire London insurance market may not solely come from InsurTech companies.
Roger reflects on various initiatives like "Blueprint II" which aims to modernise the market and improve efficiency. We discuss the importance of understanding the unique dynamics of the Lloyd's market, where personal relationships and face-to-face interactions remain vital. Despite the technological advancements, he notes that Lloyd's needs to find a balance between modernisation and retaining its distinctive identity.
He expresses optimism about the ongoing changes and advancements, provided they are effectively implemented and integrated into the market. The challenge lies in embedding these changes and ensuring they lead to enhanced productivity and reduced costs while still nurturing personal relationships with clients, brokers, and underwriters.
Overall, Roger provides a comprehensive overview of the intersection between technology and the Lloyd's insurance market, offering insights into the challenges, opportunities, and potential future direction. The conversation underscores the ongoing transformation that the market is undergoing, highlighting the delicate balance between tradition and innovation in the ever-evolving insurance landscape.
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Welcome to Tech Talk Thursday, the brainchild of Martin Hughes Managing Director of Source Consulting, this a session where we talk to a leading figure in the insurance industry about technology in the insurance industry, showcasing business innovation and new technology.
Source consulting is a Results Driven Business Development and Communications Agency, I’m Catherine France and head of content at Source Consulting.
In the second episode of Tech Talk Thursday I have the pleasure of talking to Jonathan Palmer, Co-Founder of Cloud Digital, experts in cloud strategy.
JP has an illustrious career in the tech industry and is a trailblazer in the world of cloud technology and today we’re going to be talking about how businesses can protect themselves from third-party cyber risks.
If you'd like to find out more about Jonathan you can find him on LinkedIn - https://www.linkedin.com/in/jonathan-palmer-1320551/
Cloud Digital Website - https://clouddigital.io/
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Episodes manquant?
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Episode 1: The Power of Data in the London Market
Discussion on the significance of data in the London market Elaboration on the challenges and opportunities associated with data in the London market Exploration of Kirstin's predictions and expectations for the future of data management including Blueprint II Focusing on Kirstin's expertise in mapping and standardising data Explanation of the challenges faced in data standardisation within the London market Closing thoughts and concluding remarks
