Given the size of the market and number of participants, coordinating across the market will make Lloyds Blueprint implementation complex, but theres no going back. With the right approach, this is Londons best chance to lead in the digitized market.
The hurdles, however, span process, technology and people, according to Chris Carney, managing director of Verticalised Consulting. We have a traditional marketplace, and people have traditions and habits and way of doing business that are difficult to change, he says This will take time and effort to change behaviours and have an automated, streamlining effect.
In the second installment of our five-video Through the Lens series with Carney and Paul Evans, CEO and founder of Definitive InsureTech, we unpack the hard work ahead in acting on the Lloyds Blueprint and implementing a common standard for global brokers and data.
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