Lloyd's’ Post

What’s the best way to drive lasting change? Team up with others... 🤝 We’re pleased to announce the Inclusive Futures Coalition: the eight market firms and three delivery partners behind our plan to help Black and ethnically diverse individuals progress and participate from the classroom to the boardroom. Over the next ten years, Inclusive Futures will see hundreds of ethnically diverse students through university, and thousands of ethnically diverse professionals through our market and onto the top levels of leadership. Read more about the initiatives (and watch the full video) here: https://lnkd.in/ewz6ewuK Arch Insurance International AXA XL Beazley Chubb Hiscox Howden MS Amlin Tokio Marine Kiln Green Park Equity City #DiversityandInclusion #InsuranceCareers #LloydsPeople

Don’t look down! 👀   Last week, a team of almost 200 Lloyd’s Corporation, Lloyd’s Market and charity volunteers took part in the Lloyd’s of London Foundation charity abseil down the iconic Lloyd’s building!   Together, they conquered their fears - abseiling down the 293 feet exterior and raising over £163,000 for 50+ charities close to their hearts.   A huge thank you to everyone who participated, donated, and cheered the participants on during their brave achievements! 👏   #LloydsofLondonFoundation #GivingBack #LloydsPeople

Launching the Lloyd’s Lab InsurTech Guide: Getting off the Ground! 🚀   This new guide provides in depth advice and expertise for start-ups, InsurTechs and founders, to support the exciting journey in bringing innovative solutions to life - including insights from a multitude of stakeholders who talk through each phase of scaling up. 📈   A huge thanks to all of the valued contributors to the guide - come along to Cohort 12 Demo Day this week to find out more! Sign up here 👉 https://lnkd.in/e36QMvYx Download the InsurTech Guide here 👉 https://lnkd.in/ehiUTd6e Dawn Miller, Rosie Denée Kieran Linger Iryna Chekanava Chloe Kaye #Insurtech #Insurtechguide #Innovation

Did you know that GCube Insurance underwrote the very first utility-scale wind farms? 📝 Supporting both established and emerging renewable energy technologies, GCube Insurance has insured projects spanning over 40 countries. By helping wind, solar, wave, tidal, hydro and energy storage asset owners, they have mitigated risk efficiently and cost-effectively, leading to great strides in climate positive action in the industry. The HySure product from Munich Re secures the power of electrolysis with tailored risk transfer solutions. Recognising the crucial role of green hydrogen in the clean energy mix. 💡 Together we are working towards a more sustainable future – find out more about the Sustainable Markets Initiative Insurance Task Force here: https://lnkd.in/ejmFhTBp #LondonClimateActionWeek #EnergyTransition #InsuranceSolutions

A spotlight on the Insurance Task Force's progress towards a sustainable future for nature, people and planet. 🔎 Aon, alongside the Lloyd’s Disaster Risk Facility and Centre for Disaster Protection, developed a public-private partnership with the International Federation of Red Cross and Red Crescent Societies - IFRC to launch an innovative approach to disaster response through the Disaster Response Emergency Fund (DREF). - Swift support when disasters hit. ✔ Beazley has sponsored Arbol (Climate Risk Insurance Solutions) to be a new Lloyd’s coverholder, providing parametric weather insurance coverage for agricultural supply chain, renewable energy providers and others affected by climate risks. - Swift claims payment triggered by weather data. ✔ Kita - a Lloyd’s Lab Alumni - has developed ‘Carbon Purchase Protection Cover’, an innovative insurance product that protects buyers of forward purchased carbon credits against delivery risk. - Insuring nature-based solutions. ✔ To find out more about the Sustainable Markets Initiative Insurance Task Force, click here: https://lnkd.in/ejmFhTBp #LondonClimateActionWeek #InsuranceSolutions #InsuranceInnovation

London Climate Action Week 2024 🌎 To demonstrate our support this year, Lloyd’s will be showcasing some of the innovative insurance solutions provided by our Sustainable Markets Initiative Insurance Task Force members in our iconic Underwriting Room.  The examples highlight the work being driven by the Lloyd’s Market to progress our workflows of: Insuring the energy transition 💡 Insuring industry solutions 👷♀️ Insuring societal resilience 👩🌾   Insuring nature-based solutions 🌳 Launched at our One Lime Street HQ in 2021, the Insurance Task Force convenes leaders from a number of the largest and most influential global insurance firms to accelerate the pace of industry transition towards a more resilient and sustainable future.  The Lloyd’s Market continues to be a catalyst for driving cross-sector collaboration on issues of risk in several industries and locations, and we will continue to support and grow our partnerships to deliver on our sustainability goals.   Jessica Tamman Charlotte Pengilly #LondonClimateActionWeek #LloydsMarket #Innovation #Partnerships #Insurance 

Marking the halfway point of our FutureMinds training programme on all things Carbon!   Our current participants were able to hear the real output of how FutureMinds has opened many doors for them as well as showing that:   🌎 The programme's access to industry experts has been fundamental in building a valuable network 💡 Failure is crucial in innovating – ‘failing-fast’ and learning during the process is vital 📢 Developing the confidence to ask the right questions, and speaking up is key To conclude the programme, we’ll be hosting our interactive Dragons’ Den event, where FutureMinds participants will showcase their proposed carbon product concepts. Date: Wednesday, 10th July Time: 15:45 - 18:30 BST Location: Lloyd's Lab It's going to be a great afternoon of pitching and seeing the hard work of our FutureMinds training participants come to life. 🌟 Please sign-up to secure your spot! https://lnkd.in/g_yPteqG #LloydsLab #Innovation #Carbon Dawn Miller, Elizabeth Jenkin, James Slaughter, Julian Richardson, Iryna Chekanava

We're incredibly pleased to have signed our joint commitment with the Bermuda Monetary Authority. The main aims of the Memorandum of Understanding (MoU) are: ✔ Supporting, developing and sharing risk expertise across the international (re)insurance market ✔ Advancing innovation access across the Lloyd's Lab ecosystem and the BMA's regulatory sandbox and innovation hub ✔ Providing educational training for the market through Lloyd's Academy ✔ Building regulatory relationships to foster best practices We look forward to jointly supporting the growth ambitions of the world's leading (re)insurance hubs for many years to come. 🤝 Dawn Miller, Gerald Gakundi David Upson #Insurance #MoU #KnowledgeSharing #Bermuda

Did you know that approximately one billion people live within 100 miles of a volcano? 🌋 Lloyd’s Futureset’s fourth systemic risk scenario, Volcanic eruption, reveals the potential global GDP impact of a hypothetical volcanic eruption near densely populated, urban areas. Developed and modelled in collaboration with Cambridge Centre for Risk Studies, the scenario considers impacts and insurance industry response to transport, property damage, loss of life and environmental and agriculture disruption. Global losses in this scenario are $1.6trn over a five-year period. Explore the full impact here 👉 https://lnkd.in/gDrzn2mq #LloydsFutureset #systemicrisk #volcaniceruption