Lloyd's Reschedules Launch Date for Blueprint Two Second Phase

At the request of the Lloyd's Market Association board, Lloyd's has moved the launch date of phase two of its Blueprint Two digitalization program—which includes the Digital Gateway—to April 2025.

Lloyd's had earlier indicated that the Blueprint Two program would be delivered in two phases, with the first phase going live on July 1, 2024. Phase two services were originally scheduled to go live in October 2024.

Lloyd's said the development of the technology to be delivered by Velonetic in partnership with DXC Technology, the International Underwriting Association of London, and Lloyd's remains on schedule. Rescheduling the launch of the second phase of Blueprint Two will provide market participants with an additional 6 months to prepare for a successful adoption of phase two and to focus on a successful cutover of phase one, Lloyd's said.

"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," a Lloyd's statement said. "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."

Lloyd's announced Blueprint Two in 2020 as the second phase of its Future of Lloyd's transformation strategy. In announcing Blueprint Two, Lloyd's said that transformation will be achieved by redesigning the entire insurance life cycle, from placement through to accounting, payment, endorsements, claims, renewals, and reporting, offering a seamless digital service for all Lloyd's customers and stakeholders.