As the London insurance market faces increasing competition, both Lloyd’s and the wider market are looking towards modernization to make a turn around. At the heart of the Lloyd’s modernization strategy is the Target Operating Model (TOM), which aims to make doing business easier in London, boost efficiencies and increase benefits. This roundtable will examine the TOM’s current status and its progress.
The discussions will address the following themes:
A look at the progress of TOM, including PPL, and its results
The pace of progress and if it’s enough to ensure London can maintain its position as a pre-eminent insurance market
The tensions between the activities of businesses within Lloyd’s and the London market and the modernization being driven from the center
The Lloyd’s market’s expectations from the new accelerator / innovation hub, and if it can be a possible vehicle for change
The viability of the chosen start-ups’ ability to thrive in this environment
WNS is a leading Business Process Management (BPM) company that provides an end-to-end suite of technology, analytics and process solutions to global clients across key industry verticals. WNS leverages its deep domain expertise to serve insurers across the globe.
As a trusted partner to more than 30 insurance and re-insurance clients, WNS draws upon its vast experience in working with life and annuity, retirement, property and casualty carriers as well as leading brokers and re-insurers. WNS’ suite of Insurance TRAC comprehensive, next-generation solutions leverages our decade-long domain expertise to help insurers maximize the value of new technologies, leverage the power of analytics, develop new operating models, and improve processes and governance.