The London market has been building its own guardrails too. The Lloyd’s Market Association, working with Barnett Waddingham, has published an AI Adoption Toolkit to help managing agents build governance frameworks as AI moves from pilot projects into core underwriting, reserving and claims work. Sanjiv Sharma, the LMA’s head of actuarial and exposure management, said the market’s focus is now shifting toward how AI “is implemented and governed in practice,” rather than whether to adopt it at all. On the composite side, the ABI’s AI guide sets out five principles; accountability, transparency, fairness, safety, and contestability and redress that member firms are expected to apply.
