The London & International Insurance Brokers' Association (LIIBA) has published its 2026 agenda, outlining plans to address digital trading development and position London as a destination for complex and emerging risks.
The association stated that growth in a softening market will depend on making London faster, more efficient, and more innovative. LIIBA described its members as the "engine room of growth" for both the insurance industry and the wider global economy.
The agenda arrives as Lloyd's flagged several pressure points emerging across the market heading into 2026, with particular focus on casualty pricing, cyber growth ambitions, and the pace of property rate declines.
For 2026, Lloyd's business plan projects £67.4 billion in gross written premium and a 91.2% net combined ratio, compared to the 2025 forecast of £59.8 billion GWP and an 88.7% combined ratio.
Two priorities anchor LIIBA's 2026 programme: redefining how digital trading supports commercial decision-making, and ensuring London remains the market where clients bring their most challenging risks.
On digital trading, LIIBA acknowledged that while the London market has moved from paper-based placing to largely electronic transactions, it would be "a stretch to claim we are the tech-driven marketplace some have advocated."
The association noted that recent modernisation efforts have focused on delivering Blueprint Two's core systems replacement. However, it argued that restrained ambition has left a "vision vacuum" around subsequent steps, particularly as advances in data, automation, and artificial intelligence render older approaches obsolete.
Christopher Croft (pictured above), chief executive of LIIBA, said the market needs to move beyond digitised transactions.
"In a softening market, growth doesn't come from standing still. It comes from improving the way clients access London's expertise and ensuring we remain competitive, innovative and commercially focused," Croft said.
The agenda also addresses emerging risks, citing protection gaps driven by cyber dependency, climate volatility, geopolitical tension, and the increasing dominance of intangible assets. LIIBA stated these require innovation, broker-led client engagement, and capital willing to back new solutions.
Croft added that 2026 must be the year the market recommits to growth, innovation, and risk-taking.
"Our agenda is about moving from discussion to delivery – ensuring brokers are empowered to keep London competitive and at the forefront of global insurance," he said.
