Rushing short term pilots, without joining up the tech, business and message looks like compounding the confusion about where the London Market should invest it's pennies.
Whether PPL, DASATS, CSRP or now Lloyd's bridge, all being tech solutions to business needs, none of them have overlap or reusable technology elements. In this digital age the systems need to be top of the list of consideration when joining the dots. Should it be down to the Vendors watching from the bench to create the links the initiatives are missing, is it worth it or possible for a 6 month pilot?
Dan Lott's tale of Lloyd's talking in Swahili and leaving the Broker off the party invitation list, discusses how a great idea, Lloyd's Bridge, appears to lack a joined up thought process behind it.
Without brokers supporting the platform, Lloyd’s brokers will still be expecting their coverholders to come to them in the first instance. The coverholder’s ideas need to be challenged; business plans refined. Brokers act as the first-line filter for this process. Do underwriters really have the time and inclination to triage each and every opportunity that may find its way on to the platform?