International insurance and reinsurance market Lloyd’s has launched a new digital distribution platform.
Called Lloyd’s Bridge, the programme matches businesses with underwriters from the Lloyd’s market, allowing businesses to underwrite policies on behalf of Lloyd’s. The programme is currently in its pilot phase, and is only available in the UK, Australia and New Zealand, but Lloyd’s has said that, if successful, it plans for it to be extended to more markets throughout 2019.
“In an age of digital disruption, our partners in both established and fast growth markets are increasingly looking for new ways to access our market,” said Bruce Carnegie-Brown, Chairman of Lloyd’s. “Lloyd’s Bridge offers the ideal platform to do this quickly, easily and efficiently. It will enable cover holders in different parts of the world to benefit from easier access to Lloyd’s expertise, underwriting talent, significant capacity and financial security.”