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LIIBA launches its 2025 Agenda

Link(s):Microsoft Word – LIIBA 2025 agenda press release FINAL.docx
LIIBA-agenda-2025-FINAL-1.pdf

Context

The LIIBA has announced the publication of its 2025 Agenda, titled “Restating the value of broking” and announcing a “ground-breaking project to quantify the monetary value of London’s brokers to the global economy”, known informally as the Brokers Matter project.  The project will see LIIBA commission research to calculate the financial contribution that wholesale broking makes to global GDP. Discussions on the scope and scale of the project are in their early stages.

Key points to note and next actions

  • In addition to the project noted above and promoting the value of insurance intermediation, the Agenda reaffirms the broking community’s support for Blueprint Two, the programme to modernise the technology of the Lloyd’s insurance market.
  • The agenda sounds a note of caution over Europe’s rising regulatory interest in so-called multi-national placements (insurance products designed to cover an organisation’s risks and operations across multiple countries).
  • According to LIIBA, elements of proposals being made as part of the EU’s Retail Investment Strategy could significantly impede EU corporate clients’ ability to access the global insurance capacity they need to operate. LIIBA says it will work with European broking body BIPAR and Lloyd’s Europe to monitor developments.
  • The Agenda also includes commentary on the LIIBA’s relationship with the FCA and HM Government; the impact of AI on client need and how insurance needs to evolve; and the issue of diversity, equity and inclusion and its wider promotion in the insurance market.