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Enhancements, expansions and evolution – it’s all happening in insurance

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Enhancements, expansions and evolution – it’s all happening in insurance

Carbon Underwriting Founder and CEO Stephen Card, talks 2021 and shares his positive outlook for the industry.

When we first launched Carbon at the start of 2020, our mission was simple to summarise – reset the market’s approach to delegated business and help kick-start a data-driven transformation for the international coverholder market.

Of course, 2020 turned out to be an unprecedented year for all of us, and the emphasis on remote working and digital negotiations really sharpened the focus of the entire market on the modernisation drive.

We are very proud to have achieved our first year business goals, from receiving Lloyd’s approval for “Syndicate in a Box” 4747, to launching our bespoke technology ecosystem Graphene, and the ongoing expansion of our expert team.

As we head into 2021, we are seeing renewed enquiries and focus on data-driven delegated authority underwriting – a move that is both progressive and exciting. Graphene will continue to help us navigate this area, allowing us to manage and analyse data for our coverholders, supporting them in their own growth and ambition.

Digital evolution

There are over 3,950 coverholder locations offering local access to Lloyd’s. Being able to provide high levels of service across this critical business channel for our market will be down to the continued advancement in technology, combined – of course – with our own highly-skilled team.

And there is strength in numbers. We aren’t the only ones taking a digital approach to doing business. Lloyd’s is now taking vital steps to becoming a data-led digital market by delivering on the vision set out in its original Blueprint One document.

The new Blueprint Two, looks set to digitally transform how the insurance industry reviews and presents data, all while attracting a new wave of emerging talent from the digitally-savvy younger generation.

This shift is encouraging, but we need to ensure that this endeavour is on-going and that data capabilities are continually developed – especially if enhanced data analytics is expected to define the future at Lloyd’s.

If there is anything that last year showed us, it is that we are a community, and – as a market – we can succeed digitally.

2021 will build on this success, and for us here at Carbon, the new year will bring further growth in both our team and market offering, as well as significant enhancements in the capabilities of Graphene.

So, let us put our best foot forward into 2021 and start as we mean to go on – with vision, determination and optimism for a safe, healthy and successful year for us all.


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5th Floor, 20 Gracechurch Street, London, EC3V 0BG

Carbon Underwriting is a trading name of Carbon Underwriting Limited which is an appointed representative of Davies MGA Services Ltd, a company authorised and regulated by the Financial Conduct Authority under firm reference number 597301 to carry on insurance distribution activities. Carbon Underwriting Limited is registered in England and Wales company number 11193856. Registered office at 5th Floor, 20 Gracechurch Street, London, EC3V 0BG

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