Delay announced to Blueprint Two at Lloyd’s

Published on Wed, 13/12/2023 - 14:40

Lloyd’s has released a statement revealing details of a delay to its Blueprint Two technology initiative.

“Following a request from the LMA Board, Velonetic and Lloyd’s have agreed to move the launch date of phase two Blueprint Two digital services (which includes the Digital Gateway) to April 2025.

“As set out earlier this year, the Blueprint Two digitalisation programme will be delivered in two phases, with phase one going live in a single market cutover on 1 July 2024. Phase two services were planned to go live in October 2024 and will now move to April 2025, in order to respond to the LMA request, and importantly to focus all market participants on the need to successfully cutover on 1 July 2024.

“The technology build being delivered by Velonetic, in partnership with DXC Technology, the IUA and Lloyd’s, is firmly on schedule. Moving the launch of phase two has been driven by feedback from Lloyd’s managing agents and is supported by the LMA. This will provide market participants with an additional six months to prepare for successful adoption of phase two and to focus on a successful cutover of phase one.

“With the cutover of phase one on 1 July 2024, the market can take confidence having processed two quarters of data through the new digital solutions before continuing their journey in adoption of phase two services. Delivering the new technology is vital to our ambition of creating a digital marketplace, transitioning all market participants from a 30+ year-old mainframe system to a cloud-based, resilient platform that is fit for the future.”