Australia represents a “fantastic market” for testing new initiatives with two developments expected to be rolled out this year, according to Lloyd’s Australia representative.
Chris Mackinnon said that Australia plays an important role in the modernisation plans for the entire group and noted that there are a number of factors that make Australia a “great market” for testing new initiatives. As a mature market, and the fourth largest in the world for Lloyd’s, Australia offers scale and a strong jurisdiction in terms of regulatory oversight.
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