Lloyd's, the world's largest insurance marketplace, has contracted DXC Technology to digitise its processes as part of a multi-year effort to move on from a largely paper-based, analogue way of working.
The London insurance market accounts for 7.6 per cent of global commercial reinsurances, and comprises almost a quarter of the gross domestic product for the City as its gross written premium is worth more than $110bn. It is made up of more than 50 insurance firms, 200-plus registered brokers, and a global network of 4,000 local cover holders.
Oh, and it employs 47,000 people across the UK.