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LMA Operations Committee – March 2025

Key themes included market readiness for Blueprint Two and the associated operational pressures. Lloyd’s shared progress on central services transformation and Insight Hub, with committee members urging for greater transparency and prioritisation of changes. The group reviewed developments in MRCv3, data quality initiatives and syndicate reporting. Concerns were raised around the lack of operational capacity across managing agents and the need for more granular implementation guidance. Members also discussed the formation of a cross-market group to address operational challenges and data flow issues. Continued collaboration between Lloyd’s, DXC and managing agents was viewed as critical to success.