The Voice of Insurance Ep253 Sheila Cameron LMA: Stick to your Values
May 13, 2025
Sheila Cameron, Chief Executive of the Lloyd’s Market Association, discusses the LMA's priorities amidst significant leadership changes at Lloyd’s. She highlights the need for technological and cultural reforms, emphasizing better digitization and data management. The conversation dives into the challenges and opportunities of innovation in insurance, including the push for diversity and accountability in leadership. Sheila's insights on navigating change and promoting inclusive practices are vital for anyone interested in the future of the insurance market.
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LMA's Purpose and Focus
- The LMA's purpose remains to make the Lloyd's market better for members and as a whole.
- Key current focuses include leadership transition, market performance, digitisation, and culture.
Protect and Innovate Priorities
- Lloyd's must protect strong performance, principles-based regulation, and innovative capital solutions.
- Transparency on risk appetite, capital innovation, and digitisation are top priorities for new leadership.
Data Submission Challenges
- The market submits multiple types of data separately, leading to inefficiency.
- Lloyd's should define necessary data and receive it as output for easier access and analysis.