| Link(s): | LMA’s Member Manifesto for 2023 (lmalloyds.com) LMA’s Member Manifesto Video 2023 (lmalloyds.com) COH_J013182 LMA Member Manifesto 2023 C6 (adobe.com) |
Context
The Lloyd’s Market Association (LMA) has outlined its strategic priorities for 2023.
- The LMA will continue to promote and support members’ alignment with Future at Lloyd’s initiatives, supported by DXC technology. This will leverage standards and processes agreed by the Data Council, as the LMA seeks to foster a truly digitised marketplace. This includes the adoption of a unified claims vision, and optimisation of the market’s delegated authority business processes and practices.
- The LMA will continue its drive to expand and build on the market’s technical expertise. With particular focus on ESG, the LMA will work with managing agents to ensure the ESG data, reporting, and oversight regime Lloyd’s intends to adopt is credible, practical, and measured. The LMA will also work closely with its members to reinforce the market’s technical expertise, particularly in systemic cyber, climate litigation, renewable energy, product simplification and international wordings.
- The LMA will support market-wide regulatory engagement, with market regulators, EIOPA, Lloyd’s and HM Government. It will also continue to partner with Lloyd’s on the collecting, collating and reporting of market data.
- The LMA Academy will continue to provide its members with market-leading technical training programmes. This includes developing and delivering an ESG training programme, working with Lloyd’s on the evolution of claims training, and developing a new programme to attract claims talent. The LMA will also be expanding the wordings legal trainee programme, developed in 2022.
- Member engagement remains at the core of the LMA’s mission. Reinforcing the brand and reputation of the market, culture, talent attraction and retention, and the LMA Charter, launched in October last year, will continue as key focus areas.
Next actions
None – for information and awareness.