Lloyd's Success Story

Lloyd's Success Story

Lloyd's Success Story


Lloyd’s is the world’s specialist insurance and reinsurance market.  With expertise earned over centuries, Lloyd’s is the foundation of the insurance industry and the future of it. Led by expert underwriters and brokers in more than 200 territories, the Lloyd’s market develops the essential, complex and critical insurance needed to underwrite human progress. Backed by diverse global capital and excellent financial ratings, Lloyd’s works with a global network of over 4000 insurance professionals to grow the insured world – building resilience for businesses and local communities and strengthening economic growth around the world.

2018 will be the seventh consecutive year that we’ve supported the Broker Expo in Coventry and we’re delighted to be amongst the exhibitors again.  The show provides Lloyd’s market practitioners who support the Lloyd’s exhibitor stand with a fantastic opportunity to engage with brokers from all over the UK.  The footfall is always good and the Expo delivers one of the key networking dates for the UK insurance market and especially for the SME sector. 

Delegated authority business is a major driver of growth for Lloyd’s and accounts for roughly one third of premium worldwide. In response to new buying behaviours and a shifting distribution landscape, Lloyd’s recently unveiled two digital initiatives to make it easier for customers to access the market – a coverholder matching platform and an online underwriting portal and at this year’s Expo we’ll be profiling both of these initiatives on the Lloyd’s stand.

Overall the Expo is simply a great opportunity for any carrier to raise the profile of its brand to the UK broker community.

Keith Stern ACII
Lloyd's Regional Manager, UK&I

Lloyd's small

Challenge:

One of our challenges is to reach out to regional brokers in the UK who want to know more about how to access the Lloyd’s market and who also want to be updated on the very latest Lloyd’s initiatives that are relevant to them. 

Results Achieved:

The Expo also gives us the platform to have face-to-face conversations with many regional brokers who want to learn more about the range of insurance products in the Lloyd’s market and provides our underwriters with an opportunity to be bring the ‘routes to market’ to life.

Over the years, the Expo has provided Lloyd’s with a number of new relationships that have contributed to a real increase in MGAs becoming Lloyd’s Coverholders and generated some excellent conversations around the Lloyd’s Broker Registration Programme too.

 

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ARAG

Returning exhibitor

In 2006, six highly experienced market professionals founded ARAG UK. The vision was simple yet revolutionary ‘Every individual should be able to assert his or her rights, not just those who can afford it’. 

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