Lloyd’s of London transformation with Bob James
In a recent instalment of our IT Insights: InsurTalk series, hosted by Ewa Banaś, we had the privilege of an insightful conversation with Bob James, Chief Operations Officer at Lloyd’s of London.
During our discussion, we delved into the strategic vision driving digital transformation at Lloyd’s of London, exploring the organisation’s concerted efforts towards sustainability, resilience, inclusivity, and innovation. These pillars form the foundation upon which Lloyds is shaping a bold and pioneering future for the Insurance industry.
Insurance Platform Enhancement
Make your applications more efficient, competitive, and scalable by leveraging our Insurance Platform Enhancement services. Reduce costs and improve productivity with Cloud and AI/ML, while ensuring high levels of security and regulatory compliance. Data migration and harmonisation will guarantee data consistency.
Future Processing’s seasoned specialists, equipped with an intricate understanding of the London Market, are dedicated to enhancing critical aspects of your operations. From policy processing and claims handling to underwriting, financial transactions, risk management, reporting, and customer operations, we ensure your systems are ready for the digital future.
Our clients have reported remarkable efficiency gains, with up to 83% reduction in time spent on newly automated tasks. Moreover, they benefit from enhanced decision-making capababilities derived from dependable data insights alongside optimised daily processes facilitated by seamless integration and solution enhancements.
Data Harmonisation
Through our extensive experience with Specialty insurance, we have developed our ReUniOn Framework, a robust solution designed to facilitate data standardisation in accordance with your stringent data governance policies.
Our Data Harmonisation Service ensures seamless data reconciliation by implementing rigorous quality assurance standards and maintaining vigilant monitoring throughout the project lifecycle. As your trusted partner, we are committed to aligning with your business objectives, prioritising strategic agility, and delivering stakeholder-oriented design. We also excel in Data Lakehouse implementations to integrate large amounts of data, enabling rapid processing of vast datasets in real time.
With a track record of successful Data Harmonisation implementations, our team has accelerated Go-To-Market GTM initiatives, facilitating early revenue collection, and significantly boosted revenue in one client example from 1M GBP to 5M GBP while maintaining a strong divisional Combined Ratio below 90%.
Elevate your core operations with our expertise and solutions tailored to your unique needs.
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Organisers of InsurTalk: Navigating Data Standards at the London Market, The Parlour at Trinity Bell Creechurch Lane, London, EC3A 5AY
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