25 September 2015 Insurance

LMG & Deloitte partner to identify skills gaps

The London Market Group (LMG) and Deloitte have partnered to develop a survey to identify the true skills gaps in the market.

During its recent forum, the LMG explained that the partnership with Deloitte was part of its work to ensure that London has the most talented and diverse pool of talent possible.

It added that the London & International Insurance Brokers’ Association (LIIBA) Board had committed to the implementation of a single electronic placing service to be run by Placing Platform, with an agreement to fund the broker community share of the cost of the service.

The service is expected to launch in the fourth quarter of this year.

Additionally Steve Hearn, chairman of the LMG, added that he has agreed to remain chairman until the end of 2016.

Hearn said: “We all need to remember the totality of the lessons that London Matters taught us. There is no single remedy for the challenges and opportunities the market faces.

“We need to be more efficient at selling our products, we have to renew our ability to innovate and cover emerging risks and we must ensure that potential customers in parts of the world where insurance demand is growing understand our abilities and how we can help them.

“Each element of our workplan is mutually dependent on the others – which is why I am pleased to announce positive progress in a number of areas.

He added: “Traditionally chairmanship of LMG has been a two year assignment which would mean I would step down at the end of the year. However, London Matters has set up a rather compelling plot line and I would like to see that through to the end.

“So I am delighted to announce this morning that, with the full support and backing of all the constituencies around the LMG table – and specifically Inga Beale; Bob Stuchbery; Malcolm Newman – I have agreed to stay on for another year.

“We are a long way down the track, but nowhere near where we need to be. The LMG is a cohesive and collaborative expression of market consensus, and we have a plan – I am looking forward to playing my part in delivering that plan."

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk