Finance & Risk
We support our members in areas across finance, actuarial, exposure management, risk, ESG & sustainability, audit, tax, and investment.
For 2023 we are committed to delivering a design for a meaningful rationalisation of Lloyd’s data collection from the market to fulfil its obligations across regulatory, financial and oversight reporting. We will do this in full collaboration with all the Lloyd’s functions that use data from the market, as well as leveraging the expertise in the market.
As well as the data collection project, the actuarial community’s priorities for 2023 include non nat-cat scenario modelling, improving how reinsurance is incorporated into planning, as well as supporting Lloyd’s in producing reserve benchmarking and inflation monitoring tools.
The Solvency II regime in the UK continues to be reviewed and refined to suit the UK industry in a post-Brexit environment. We will gather views from the market and submit robust responses to consultations to influence the aspects that most affect the London specialty and wholesale market.
For the Chief Risk Officers and Heads of Sustainability, our LMA team will build on the work we have started through the Sustainability Committee. There will be further guidance on the development of ESG strategies and the measurement frameworks for carbon emissions. As these develop, we will ensure that they are pragmatic and that they play to the strengths that the market has to offer in insuring the broader transition to a lower carbon emissions economy.
Finance & Risk Director
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