The LMA will also be heavily engaged in advocating for its members around the new Lloyd’s strategy, due to be announced in the first half of this year, with work taking place throughout both the planning phase and implementation.
Underwriting: The LMA will seek to facilitate the formation and representation of market opinion on emerging trends in underwriting and claims. In 2026, these will include analysis of leader roles, as well as facilitised business and how these models might evolve. The LMA will also continue its work to increase the number of senior female underwriters.
Increase the market’s technical expertise: In 2026, the LMA Academy will remain focused on technical skills development at early-talent, foundation and intermediate levels. The LMA will continue to promote career pathways in claims and finance to support talent retention across the market.
Simplify and digitise the market: The LMA will continue to focus on delivery of the digital and data projects already in progress, such as completion of the digital Core Data Records and testing of the re-platformed back office being delivered by Velonetic. In addition, the LMA will undertake new projects, including partnering with Lloyd’s to help articulate a strategy for market data overall, how the market can better leverage its underwriting and claims data, and the reporting rationalisation project that began in 2025 which aims to reduce the burden of duplicated and unnecessary reporting for managing agents.
Influence regulatory policy: The LMA will advance its work in tandem with Lloyd’s and the LMG to lobby UK and European regulators on critical issues, including pushing competitiveness and simplification objectives and reducing the granular burden of regulation on non-consumer business. In the US, it will strengthen London-centric understanding with regulators in the Excess and Surplus lines market. Here at home, the LMA will continue to lobby Lloyd’s on behalf of its members on regulatory issues where change is needed, including advocating for managing agent viewpoints in the review of Lloyd’s governance.
Sheila Cameron, Chief Executive Officer, Lloyd’s Market Association, said: “The Lloyd’s market continues to evolve at pace and the LMA’s role is to ensure that managing agents have a strong, unified voice in shaping its future. We bring the market together to build consensus on complex issues, ensuring that the solutions we advocate deliver real benefit to our members. Our 2026 priorities reflect this commitment, focusing on underwriting innovation, strengthening technical expertise, simplifying processes through digitalisation, and influencing regulatory frameworks to protect and enhance the market’s position globally, particularly given the transitioning market conditions.”
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