Like many new to the acronym-obsessed industry that is insurance, Lloyd's chief executive Richard Ward has struggled to get to grips with his ECFs, ARTs, ILWs or LCOs.
If trying to run the world's leading insurance market wasn't hard enough, Ward has just been given another helpful acronym to add to his 'must remember' list.
Nick Gooding, chairman of Lloyd's issues committee of the IIL, said a "Luddite tendency" could be used to describe the market's approach to technology.
That's Luddite meaning Lloyd's Underwriters Demand Demise of Information Technology Expansion.
Ho ho ho, thinks Backchat, it's almost certainly the only insurance acronym that makes any sense.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
