As we come to the end of the year, we have been reflecting on some of the highlights across 2017. For r10, 2017 was an exciting year where we have seen rapid growth and worked with a number of new clients.
Bigger and Better.
The re-launch of r10 Consulting in April marked another important chapter in our development. We had several key objectives which we have achieved. These objectives were focused on growth, refining our services and delivering key projects. The r10 “Family” grew at a record pace, by the start of 2018 we will number 13 with no sign of stopping! With this growth, we moved to a bigger space and we increased our capabilities to deliver better outcomes and help our clients to stay ahead of the curve.
r10’s Staff Augmentation, Consulting and Project Delivery services supported more projects and for more clients than ever before. Our Advisory services were introduced to our propositions by Peter Mungeam, who has over 30 years’ experience in the London insurance market. The expansion of our services gave us the ability to further help our clients face the well-documented industry-wide challenges of the London and Global insurance markets.
We launched our “Talent in Sports” programme, to support the undoubted commitment of grass roots sporting talent. As they grow, we grow. Our athletes made us really proud this year. Reece Bellotti won the Commonwealth title in boxing. We sponsored the Gravesend RFX Veloship cycling team to ride to Belgium for Macmillan Cancer Support.
We had some great team moments.
We travelled to Monte Carlo to the Rendez-Vous event in September, which brings together the main insurance players from across the world. We met incredible people, made some new partners, and became closer as a team. We played table tennis, we had long strategy talks under the sun; gaining trust and confidence in each other and building loyal relationships.
Looking forward to 2018.
New challenges are ahead. GDPR comes into force in May, increased activity around the adoption of the Lloyd’s TOM initiatives PPL, CSRP, DA SATS. Brexit negotiations will be intensified and who knows what impact this will have!?! Thus, the London market will face more pressure to stay relevant, improve efficiency, become more client-centric and reduce costs.
We will continue to be involved in major strategic change programmes across the London Market. We already have a number of opportunities in 2018 to work with innovative Insurtech software providers. These smaller tactical projects may allow our clients to realise the potential benefits of true market disruption. We’ll keep you updated on our progress. We are excited for the year ahead. London offers a unique platform from which to transact, globally. We should all be proud and supportive of this.