Lloyds Markets Association (LMA) has set out its strategic priorities for 2026 to strengthen Lloyds Markets’ position as a global insurance leader, with the board agenda focusing on underwriting, technology skills development, market simplification through digital and regulatory initiatives and working with regulators.
The LMA will play a central role during the rollout of Lloyd’s new strategy (expected in the first half of 2026), representing its members and actively participating in the planning and implementation phases. The association aims to shape market perceptions of emerging trends in underwriting and claims, including the evolving role of market leaders and the use of facilitation business models. It will also continue its efforts to increase the number of senior female underwriters.
Technical expertise remains a priority and LMA Academy focuses on skill development at early career, foundation and intermediate levels. The association will promote career pathways in claims and finance to support talent retention and development across the market.
Digital transformation and simplification projects are ongoing, including completing core data recording and testing the re-platformed backend systems delivered by Velonetic. The new initiative will focus on defining a data strategy across the market, making better use of underwriting and claims data, and advancing the reporting rationalization plan launched in 2025 to reduce duplication and unnecessary reporting by managing agents.
The LMA will also step up its regulatory engagement, working with Lloyds and London Market Group to influence UK and European regulators on competitiveness, simplification and reducing the detailed regulatory burden on non-consumer businesses. In the United States, it will engage with regulators in the excess and surplus lines area to deepen understanding of London market practices, while continuing to advocate domestically for the managing agent perspective on governance and other regulatory matters.
Sheila Cameron, chief executive of the Lloyd’s Market Association, added: “The Lloyd’s market continues to evolve at a rapid pace and the LMA’s role is to ensure that the governing body has a strong and unified voice in shaping its future. We bring the market together to build consensus on complex issues, ensuring the solutions we advocate deliver real benefits to our members. We 2026 The priorities for 2020 reflect this commitment, with a focus on underwriting innovation, strengthening technology expertise, streamlining processes through digitalization and influencing regulatory frameworks to protect and enhance the market’s position globally, particularly in light of shifting market conditions.”
