Lloyds launches global platform Futureset

Lloyds announced the launch of Futureset – “a global platform and community to create and share risk insight, expertise, and solutions to our most challenging problems.”

“The COVID-19 pandemic has shown that a hypothetical systemic risk, is never far from becoming a reality and that we must do everything we can to prepare and mitigate against the worst impacts of the constantly changing and challenging risk landscape. As the world turns to recovery, Lloyd’s has a unique position and opportunity to bring together communities, businesses, insurers and governments to find solutions to those risks that threaten our shared future. The launch of Futureset sets in concrete our commitment to be a catalyst for action, and in doing so empowering innovation, economic growth and human progress around the world.” – John Neal, CEO of Lloyd’s.

Throughout 2021, Futureset will focus on the landscape of systemic risks, including exploring lessons learned from the COVID-19 pandemic, as well as examining the growing and global risks brought about by climate change. Established as an openly accessible platform, Futureset will convene global experts and partner with world class research organizations, creating new and pioneering insights to drive sustainable solutions to current and future threats around the world.

Futureset launches with a six-part Systemic Risk Masterclass series, developed in partnership with the Chartered Insurance Institute (CII) and Lloyd’s Market Association (LMA). The COVID-19 pandemic has highlighted gaps in the knowledge, understanding, and mitigation of systemic and black swan risks with potential impacts that are materializing and evolving at a rapid pace. The masterclass series will bring together experts across industry, academia and government to help insurance and risk professionals develop their knowledge and expertise in systemic risk.