The Loro Padel Tournament brought together brokers, insurers and MGAs  from across the Lloyd’s of London market for an afternoon of networking and competition. While there, we had the opportunity to speak with Peter Tilbrook, CEO of Loro, about the company’s journey, how its platform is supporting specialty insurers, and the role technology is playing in its continued evolution.

Peter discusses how Loro is helping insurers, brokers and MGAs take ownership of their products while accelerating distribution through a connected broker network. Having grown the business over the past five years, he explains how the platform enables Loro’s customers to launch complex insurance products quickly while expanding their reach across the specialty market. Reflecting on Loro’s proposition, he explains: “We deliver two main things for our customers ownership of the product, the ability to launch complex insurance products really fast and distribution. So how can they reach brokers or each other sources to produce more premium for their business?”

Looking ahead, Peter discusses how advances in AI have enabled Loro’s platform to evolve while remaining focused on its core purpose. He explains how new functionality has enhanced the platform without losing sight of the needs of brokers and insurers. As he puts it: “The platform, because of that, has been able to evolve at a speed and deliver some complexity that perhaps five years ago, we didn’t even think was possible… we’ve added some incredible functionality, but never kind of going too far from what our core purpose is, which is to give brokers a great technological experience to do more premium with our customers.”