Lloyd’s CEO Explains Why Insurance ‘Matters’ Again | In the City

Established in 1689, Lloyd’s of London is a marketplace housing different insurers that sell policies in the UK and around the world. Lloyd’s received more than £50 billion worth of premiums in 2024 alone. All of this is overseen by Chief Executive Officer John Neal, who’s been in the insurance industry for more than four decades. In this episode of In the City, Neal sits down with hosts Francine Lacqua, David Merritt and Allegra Stratton to discuss the difficulties of using artificial intelligence in the insurance industry, how climate change is impacting premiums and the way in which governments can use insurance policies to protect their economies. Is London having another moment? Shaken by Brexit, decimated by the pandemic, threatened by new ways of working and a worsening cost-of-living crisis, the city remains Europe’s (and arguably the world’s) beating heart for finance and for culture. In the wake of turmoil, The City of London is reinventing itself. Every week on In The City, Bloomberg’s Francine Lacqua and David Merritt go behind the scenes in the Square Mile and the wider metropolis, uncovering the stories and speaking to the people that matter. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of In The City:    • In The City (Audio)   #Bloomberg #Podcast #InTheCity Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter:   / podcasts   Visit our other YouTube channels: Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloomberg-news   For coverage on news, markets and more: http://www.bloomberg.com/video