London market is ready to move on from Blueprint 2

As reports suggest Lloyd’s has finally shelved its long-delayed digitalisation strategy, many market players are already forging their own path

REPORTS today that the long-awaited digitalisation plan has been shelved are unlikely to surprise or worry anyone in the market. The first phase of the cutover, which was meant to see all brokers and carriers move to a new cloud-based processing platform, already had a long history of delays. Then, in September last year, Lloyd’s chief executive Patrick Tiernan said the programme would not be realised until at least 2028.