2026-10-14 · Source: Insurance Thought Leadership
Summary in 3 Points • Dawn Miller discusses how insurers can innovate to create value amid heightened uncertainty and volatility. • Lloyd's launched a five-year strategy, Advance and Protect, to enhance marketplace efficiency and agility. • The interaction of multiple risks is creating a complex risk landscape that requires innovative modelling and scenario planning. --- Dawn Miller, chief commercial officer at Lloyd's, emphasises the need for insurers to innovate in response to heightened uncertainty and volatility in the market. With geopolitical and economic risks intersecting with climate-driven catastrophes, insurers must adapt their approaches to risk assessment and management. The launch of Lloyd's new five-year strategy, Advance and Protect, aims to create a more efficient and flexible marketplace, enabling better risk-taking and capital allocation. The complexity of today's risk landscape, characterised by the interaction of multiple perils, necessitates advancements in modelling and scenario planning. Insurers are increasingly leveraging additional data transparency to enhance their understanding of known risks. This evolution in risk assessment aligns with the broader trend of creating an agile marketplace that can accommodate diverse risk profiles, ultimately fostering innovation and collaboration among market participants. Insurers must innovate to navigate the complex risk landscape, leveraging new modelling techniques and strategies to enhance marketplace efficiency and agility.
Insurers must innovate to navigate the complex risk landscape, leveraging new modelling techniques and strategies to enhance marketplace efficiency and agility.