Operations/tech

Lloyd's has set out what London market firms will need to do to transition from decades-old systems to new central services in July next year, in a crucial step of several modernisation milestones to come in 2024.

PPL has confirmed a previously announced deadline that London firms must switch over to its Next Gen placement by 1 October.

CFO Jan Wicke called the move a "positive step for our stock’s future performance" in laying the foundations for future liquidity.

The executive will drive the carrier’s new change programme, ‘How We Work’.

The two-month refurbishment project included a reallocation of ground floor box space and IT upgrades.

A Reverse Mentoring programme from the people behind the Dive In festival aims to give new generations in insurance a chance to ensure their voices are heard.

The reinsurer has announced a detailed plan to diversify its P&C reinsurance book as part of a new strategic plan.

A webinar and report from the Geneva Association has explored the barriers and prospects for the growth of blockchain insurance.

Carriers benefited from improved rate adequacy and the impact of interest rate rises on investment returns.

Aurora plans to add cyber, property and BI, professional indemnity and other business lines to its algorithmic trading proposition in the coming months.

After Apollo announced a collaboration marking the latest milestone for algorithmic underwriting-led follow capacity in the London market, Insurance Insider explores how such partnerships can proliferate.

The collaboration will involve the algorithmic underwriting of risks with a human in the loop for decision verification and portfolio steering.