New platform under fire from brokers

30 Jan 2019

The new Lloyd's Bridge platform, launched in July, is causing considerable disquiet in the London market broking community who felt that they should have been consulted ahead of the launch, according to a feature published today in Insurance Day.

The platform aims to allow Lloyd’s syndicates to save on distribution costs by providing coverholders with quick and easy access to the market, potentially transforming how business is done at Lloyds. 

Damian Cleary, head of BLM’s London Market practice shares his views: "The traditional supply chain of insurance is not very efficient and so there will be increased effort to gain access to the market without the traditional cost of the established distribution channels..." 

To hear more from Damian and to read the full article click here (subscription needed).

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