LMA launches AI adoption toolkit to guide managing agents through governance frameworks

The Lloyd’s Market Association (LMA) has partnered with consultancy firm Barnett Waddingham to launch a new artificial intelligence (AI) adoption toolkit.

The new toolkit was designed to support managing agents in developing and strengthening governance frameworks for AI across the Lloyd’s market.

It builds on insights from the trade association’s latest report entitled LMA Survey on AI RIsk Management, published 16 April 2026, which revealed a growing need across the market for more structured approaches to AI governance as adoption accelerates.

The toolkit provides practical, principles-based guidance to help firms move from early stage experimentation towards more structured, governance led adoption.

Sanjiv Sharma, head of actuarial and exposure management at the LMA, said: “As AI adoption continues to develop across the Lloyd’s market, the focus is increasingly shifting towards how it is implemented and governed in practice.

”The toolkit is designed to provide practical guidance to help firms embed appropriate controls early, manage risk effectively and scale adoption in a structured way.”

Firm focus

The AI adoption toolkit was developed around five core principles.

This includes governance and accountability, risk tiering, data protection, security and intellectual property, training and awareness and pragmatic adoption. 

The guidance encourages firms to begin with lower risk use cases, embed appropriate controls from the outset and scale adoption gradually as governance frameworks mature.

Wan Heah, partner and head of general insurance at Barnett Waddingham, said: “Firms are moving beyond experimentation and starting to embed AI more broadly across their operations.

”The challenge now is ensuring that governance frameworks keep pace with increasingly complex use cases. This toolkit is intended to support firms in navigating that next stage.”