- Newslink Global Insurance Trends-Editor's Weekly Overview
- The UK Supreme Court substantially allowed FCA’s appeal on behalf of policyholders regarding BI claims test case
- Lloyd's receive regulatory nod to set up new multi Insurance Special Purpose Vehicle(mISPV)
- Allianz sets climate targets for specific asset classes in the insured portfolio and strategically expands sustainability
- Insurance Europe publishes response to IAIS on supervision of climate-related risks
- UK car insurance premiums fell by 6% in 2020
- US life insurance activity hits record growth in 2020 reports MIB Life Index expired
- MetLife Gulf partners with Munich Re Automation Solutions to support ongoing digital transformation expired
- SCOR develops cyber risk management tool through innovative partnership with CyberCube expired
- Conduit reports progress and new appointments expired
- Dale Underwriting Partners appoints Active Underwriter expired
- Willis Towers Watson adds Shanghai to its Global Markets P&C Hub expired
25th November 2020
LMG and Willis Towers Watson publishes latest report reflecting on the lessons learnt from lockdown
The London Market Group(LMG) and Willis Towers Watson today published its latest report reflecting on the lessons learnt from lockdown, what has worked or not and how the market can drive positive change and improve performance in the post pandemic world.
Based on focus groups with insurance market leaders, eight key themes were identified to help businesses think about what steps they should consider to push forward a transformation agenda that will deliver greater operational efficiencies, better employee experience and broader diversity and inclusion.
Greg Collins, Board Sponsor of the LMG Talent & Diversity workstream and ceo, Miller Insurance Services, comments “Post-COVID we have a once in a generation opportunity to re-design our businesses. If ever there was an opportunity to seize the initiative it is surely now. In order to thrive, businesses are going to need to invest considerable energy into looking at how best to engage a scattered, remote-heavy workforce, foster digital trading and remain relevant to our clients in a changing risk landscape.
Our report hopes to start some conversations on how best to make this happen, as well as to provide some food for thought around employee communication, redesigning critical roles for a digital workplace, social responsibility and making change happen. Our market is made up of companies of various shapes and sizes and we have included practical first steps regardless of the size of the business. As part of the report, Willis Towers Watson has put together a “100 Day Thrive Plan” to act as a basic blueprint and practical tool for business leaders which can be tailored according to size and digital maturity.”
Download report at LMG website.
LMG Trends(111 articles)
Willis Towers Watson Trends(259 articles)
Research, Publications and Surveys(5795 articles)