Talent

Building a diverse, dynamic workforce

Assessment

The LMG’s talent assessment activities review the current position and challenges faced by the London Market and, ensure talent generation activities are:

  • Appropriately focussed
  • Measured against industry benchmarks
  • Delivering insight to the market on the benefits and challenges of attracting and employing a diverse workforce

Talent survey

  • In 2015, the LMG partnered with Deloitte to undertake the first market-wide talent survey which identified skills shortages across the market in the short, medium and long term
  • Over 560 people from 17 different business functions responded, and 16 interviews with senior leaders from across the market were undertaken
  • A report on the findings was published in May 2016
  • The findings informed the subsequent talent workstream activity

Talent in the London market report

Diversity & inclusion (D&I) performance measurement

In 2018 the LMG collaborated with Inclusion@Lloyd’s to extend the third annual ‘Holding up the Mirror’ survey and report to encompass the wider London Market.

The report was published on the 30th April 2018.

Future workforce think tank

The 2015 LMG & Deloitte talent survey indicated that the London market was ill prepared to understand and prepare for changes in skills requirements resulting from Market Modernisation initiatives and other disrupters. To respond to this, in December 2018, the LMG created a Future Workforce Think Tank. Partnering with KPMG and working with Lloyd’s, the LMA, IUA, LIIBA, London Market practitioners and other experts, we will assess the impact of technology on broking and underwriting roles in the next 3-5 years and by 2030. A report of the findings will be launched in Q2 2019.

Market interviews

The LMG is in regular contact with HR and diversity and inclusion professionals to assess the status of talent recruitment across the market and, to identify the challenges of attracting and retaining a new generation of diverse talent into the market.

Latest Content

Think Tank launched to assess challenges to the London Market workforce

Press Release

First PPL adoption table published as strong performance continues

The Board of PPL today released the market wide data for risks placed electronically during the third quarter of 2018. Read more here

Contract signed for next wave of delegated authority tools

Press Release

PPL completes the class roll out with treaty reinsurance go live

Press Release

Over 50% of the market signs up as new platform goes live, making London easier to access for coverholders

Full Press Release

Target Operating Model launches tools to make access to solutions easier

Press Release - here

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