Lewis auction

A Lewis auction, also known as a Lloyd’s auction, is a method used by insurance and financial markets to settle claims or transfer risk. It involves a structured process where multiple parties—such as insurers, brokers, or investors—bid to assume or transfer risk, often for insurance policies or liabilities. This auction-style approach promotes competitive pricing and efficient matching of risk with willing parties, ultimately enabling organizations to manage their financial exposures more effectively. It operates within the broader Lloyd’s of London market framework, leveraging transparency and market discipline to reach optimal risk-sharing arrangements.