Lloyd’s is seeking feedback until the end of January on its plans to support customers in overcoming challenges as they transition to lower carbon business models. 

The “Insuring the transition” roadmap sets out Lloyd’s proposed approach for the next three years across all areas of sustainability for the market, including underwriting, investments, exposure management and capital and reserving. 

It has been designed to support market participants in evolving and embedding their own sustainability strategies, including navigating evolving regulatory reporting requirements. 

The details provided can be used by brokers in their discussions with clients, as well as managing agents formulating their own transition plans and investment portfolios. 

“We encourage all participants to share views and provide constructive feedback on how Lloyd’s can support in specific areas,” it said. 

The roadmap addresses climate-related risk management, capital and reserving and transition planning, with short-term steps that can be taken. Its rollout will be developed in response to consultation feedback.  

“Our aim is to give our market participants greater confidence in setting, embedding and operationalising their own individual climate strategies, through the transition and beyond,” Lloyd’s CEO John Neal said. 

See the roadmap here, and the form for members to provide anonymous feedback here.