LMA - Internal Audit Committee

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Internal Audit Committee

The LMA Internal Audit Committee serves as a dedicated platform for Heads of Internal Audit from across Lloyd’s managing agents. It facilitates knowledge exchange, collaboration and the advancement of internal audit practices tailored to the unique dynamics of the Lloyd’s market.

By promoting consistency, high standards and peer learning, the committee supports the development of effective assurance frameworks that help maintain transparency, accountability and regulatory confidence within the market.

Committees » Finance

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Alex Koukoudis

Senior Executive, Finance and Risk

Committee secretary

Key issues covered

The Internal Audit Committee supports the advancement of audit excellence and effective assurance practices across the Lloyd’s market. Its core areas of focus include:

Regulatory and market alignment

Evaluating proposed changes to existing return templates and reporting requirements issued by Lloyd’s.

Best practice development

Establishing and promoting industry-leading audit methodologies, standards and risk-based approaches.

Peer collaboration

Enabling knowledge-sharing and dialogue among Heads of Internal Audit to address emerging risks, operational challenges and audit innovation.

Lloyd’s and industry engagement

Acting as a key point of consultation for Lloyd’s and external regulatory bodies on matters related to internal audit policies and frameworks.

Committee insights

Finance and Actuarial Quarterly Update

Replay – LMA Market Returns Forum

CFO Quarterly Update

Upcoming events

For events hosted online, joining instructions will be emailed to all registered attendees closer to the date of the event no later than 24 hours prior to commencement.

View more events

California Fair Claims Settlement Practices Regulations Webinar, November

The California Fair Claims Settlement Practices Regulations apply to all insurance practitioners who handle California claims, whether business is admitted or non-admitted or on a surplus lines basis.

Emerging Professionals Claims Community Presents: An Introduction to Cyber Claims

In partnership with the LMA Claims Sector Groups, the Emerging Professionals Claims Community is hosting a series of educational sessions exploring different classes of business. Each session introduces the fundamentals of claims handling and uses real-world examples to illustrate key coverage and liability considerations.

Brazil Insurance Law – Clauses and Guidance for Market Use

This session will build on the Brazilian briefing held earlier this year which introduced the key issues arising from the new insurance law coming into effect in December 2025.