The modernisation programme is aimed at identifying the inefficiencies in London’s processes and developing solutions that will help firms to deliver a more competitive service. We believe that delivering efficiency gains is an important element in ensure London’s competitiveness on the global commercial insurance stage. The goal of the London Market Group is to ensure that London is the market of choice for insurance risks.
To change a market requires all firms to act with some degree of consistency of direction. The programme exists because delivering the change proposed will lead to a larger, more profitable market for everyone. It makes sense from the point of view of customers, shareholders and employees to co-operate to build a vibrant, growing market that we can then all compete over.