London insurance market’s transformative change

TLDR: The London insurance market is set to undergo a transformation with the adoption of Blueprint Two, an initiative that aims to reshape the industry. The readiness of brokers to embrace the first phase of Blueprint Two was a key topic of discussion at a recent TINtech breakfast meeting, with opinions varying across the industry. The meeting highlighted the crucial role that technology vendors will play in helping brokers navigate the transition and implement the changes required. However, concerns were raised about communication and information flow from regulators, with many participants expressing a need for more frequent updates to facilitate preparation. Despite the challenges, attendees agreed that the changes brought by Blueprint Two would enhance transparency and efficiency in the market.