Northdoor confirms commitment to Lloyd's of London's Blueprint Two initiative

The project aims to digitise the London insurance market's operations by 2024, making placement, accounting, and claims settlement faster, cheaper, and more efficient.

9th December 2022NewsDavid Ballard

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Northdoor signs pledge to support Digital Solution Development under Blueprint Two

Northdoor plc has confirmed its commitment to the Lloyd’s of London’s Blueprint Two initiative. The project, which aims to digitise the London insurance market‘s operations by 2024, will make placement, accounting and claims settlement faster, cheaper and more efficient.

“Having helped Lloyd’s of London with its data and IT needs since 1987, we were always going to be at the forefront of helping the world’s leading insurance market to take the next step towards a digital future,” said David Ballard, CEO at Northdoor plc.

“It should be reassuring to organisations in the Lloyd’s of London market that all of the technology vendors that interact with the current central services have pledged their intent to introduce changes to their platforms that support the new digital services under the Blueprint two umbrella.”

Having helped Lloyd's of London with its data and IT needs since 1987, we were always going to be at the forefront of helping the world's leading insurance market to take the next step towards a digital future Click To Tweet

In signing the pledge, Northdoor has added its name to a statement confirming that all London market technology partners support Blueprint Two solutions. The statement will give clients the confidence that there is support across the technology partner network in achieving Blueprint Two’s aims.

“Moving to a digital platform ensures that Lloyd’s is able to compete in an increasingly competitive world,” said David Ballard. “The digital solutions under Blueprint Two will speed up processes, and drive efficiencies and customer satisfaction levels. We’re excited to help drive this initiative and take the market forward.”

data estate modernisation

Stuart Favier, Client Manager at Northdoor plc, added, “Although there is still some time until the deadline to implement solutions, we understand that clients are keen to understand more about the roadmap and, in some cases, begin the implementation process. There are still some details of the changes to be released, but we are encouraging all companies within the Lloyd’s of London market to begin discussing internally and with their technology partners about what changes might need to be implemented, how it will impact their current systems, and possible solutions. It is an exciting time for the market, and these changes should be embraced as a positive step forward.”

Interested in learning how Northdoor can assist your organisation with the Lloyd’s of London’s Blueprint Two initiative? Contact us today to discuss your needs and explore potential solutions!

Find out about Northdoor’s Blueprint Two Solution Alternate here.

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