| Link(s): |
| LMA – LMA launches AI Adoption Toolkit to support governance-led implementation across the Lloyd’s market LMA – AI Adoption Toolkit LMA-AI-Adoption-Toolkit-2026.pdf |
Context
The LMA, in collaboration with Barnett Waddingham, has today launched a new AI Adoption Toolkit to support managing agents in developing and strengthening governance frameworks for AI across the Lloyd’s market. The launch follows recent LMA research highlighting accelerated growth in AI adoption across the market and an increasing focus on governance and risk management. The guidance reflects a growing need across the market for more structured approaches to AI governance as adoption accelerates.
Key points to note and next actions
The AI Adoption Toolkit is built around five core principles:
- Governance and accountability
- Risk tiering
- Data protection, security and intellectual property
- Training and awareness
- Pragmatic adoption
Together, these principles provide a structured approach to managing AI risk while enabling firms to realise the benefits of emerging technologies.
- The toolkit provides practical, principles-based guidance to help firms move from early-stage experimentation towards more structured, governance-led adoption, as AI use cases continue to expand.
- Developed in response to increasing AI adoption and evolving risk considerations, the toolkit is designed to support firms at different stages of their AI journey, offering a flexible framework that can be adapted to varying organisational structures, risk appetites and regulatory environments.
- The announcement refers to the merits of embedding controls early and scaling AI adoption responsibly, and supporting the market as AI adoption evolves.