Lloyd's targets £800m cost reduction in second phase of transformation programme

Lloyd’s has published its second blueprint which sets out the plan for the next phase of its Future at Lloyd’s strategy to build the most advanced insurance marketplace in the world.

It detailed that Blueprint Two is a two-year programme which builds on the ambitions published in Blueprint One in September 2019, with a focus on solutions that will move Lloyd’s to a digital ecosystem.

This follows an update in February where Lloyd’s detailed its priorities for 2020 and stated it had raised