#83 - James Willison: Digitalising the London Market
Join us as we dive deep with James Willison, Managing Director at Web Connectivity Limited (WCL), into the heart of digital transformation within the London Market. Discover how Willison's unique journey from a background in law and accountancy led him to spearhead innovations in reinsurance technology. From the implications of Blueprint 2 to the crucial focus on claims and trading platforms, this episode is a must-listen for anyone interested in the intersection of tradition, technology, and transformation in the London insurance market. EPISODE LINKS: James' LinkedIn: https://www.linkedin.com/in/jameswillison/ WCL LinkedIn: https://www.linkedin.com/company/web-connectivity-ltd/ WCL Website: https://webconnectivityltd.com/ CONNECT WITH US: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/@SupercedeHQ RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss Say Hello: producer@thereinsurancepodcast.com OUTLINE & TIMESTAMPS: (00:00) Intro (02:23) WCL company overview (03:08) London market structure (03:40) Past technology reform efforts (04:06) Blueprint 2 initiative (05:14) Transitioning to global data standards (07:25) Positioning London as a centre of excellence (08:01) Past technology successes (09:59) Data standards challenges (12:06) Blueprint 2 (14:39) Onboarding new technologies (15:49) Maintaining London’s market structure (17:33) Ongoing market reform (18:18) Importance of claims processing (19:49) Paper to electronic claims transition (20:30) Trading platforms value (22:02) Standards flexibility needs (23:27) Global standards alignment challenges (24:48) Class of business model differences (26:06) Blueprint 2 future