Lloyd's Strategy 2011-2013

Lloyd's Strategy

Summarises Lloyd’s strategic vision and the major priorities for the next three years.

 pdf Lloyd's Strategy (759.38 KB, pdf)

Lloyd’s strategy 2011 – 2013 is not a major change in direction. The plan identifies the major challenges facing Lloyd’s, considers what these mean for the market and the Corporation, and outlines the proposed response over the plan period. The strategy also highlights the strengths of the Lloyd’s market and the importance of maintaining and promoting these strengths. Finally, the strategy considers two important areas requiring investment for the future - the market’s operating environment and its people.

 

 

  • Overview

    Lloyd’s Strategy 2011 – 2013 is one of continuity of direction. Lloyd’s continues to be in a strong position but faces a number of challenges.

    The plan considers what these challenges mean for the market and the Corporation, and gives the proposed responses over the plan period. More specifically, the responses are considered in terms of building on Lloyd’s strengths and other areas of focus. The responses are broken down into: the role of managing agents, the Corporation’s role and specific Corporation actions for 2011.

  • Competitive Environment

    Gives an overview of Lloyd’s competitive environment, including a summary of Lloyd’s key attributes

  • Vision

    Sets out Lloyd’s vision - to be the market of choice for insurance and reinsurance buyers and sellers to access and trade specialist property and casualty risks – in the context of Lloyd’s key characteristics and the role of the Corporation

  • Strengths

    Explains Lloyd’s strengths and the actions needed to support their further development

  • Areas of Focus

    Explains the areas where additional focus and investment are required over the plan period

The plan clearly details the market’s strategic priorities for the plan period and the Corporation’s priorities for 2011.