Operations/tech
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Lloyd’s and Velonetic are still exploring three options for the latter stages of cutover.
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Some firms are outsourcing their recruitment to tailor for a younger generation.
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We explore the first stages of incorporation of GenAI into insurance, alongside the longer-term potential.
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The partnership will add more capacity on the platform from April.
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The injection will be sufficient to take the platform through its next stage of major development.
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The start of phase one is now slated for October at the earliest, not 1 July.
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Sources believe Lloyd’s may be veering away from central DA systems.
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The syndicate-in-a-box will target £34.1mn in gross premium for 2024.
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Impressive results in 2023 will mean big payouts.
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Brokers face pressure on margins as the market’s firming phase slows