Middle and
back office

Executive sponsor: Rob Myers, LMA

Workstream lead: Mellody Mondini

What it is

Blueprint One set out an ambition to deliver a centralised, simplified and automated accounting and settlement service for new placement, claims and other Future at Lloyd's solutions. Middle and back office is a next-generation capablilty for connecting syndicates, brokers, delegated authority partners, insureds, re-insureds and relevant third-parties. Our aim is frictionless processing driven by reliable data from trusted sources.

Our progress to date

Learn about the progress we have made since setting up this new workstream in February 2020.

How our thinking has evolved

As part of our sharpened focus, we are re-planning our approach and delivery – we will be giving an update in July. Our current focus is on setting out the vision, strategic design and transformation roadmap for middle and back office.

How middle and back office will create value for stakeholders

Customers

  • Smoother and quicker processing drives more competitive pricing for customers

Brokers/coverholders

  • Adoption of standards facilitates more digital trading opportunities
  • Opportuntities to reduce costs because of smoother processes and more automation

Insurers

  • Future-proofed systems and opportunities to move towards more managed services
  • Adoption of standards to create better quality data for actuarial and regulatory needs