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Electronic Support for Placing - Resources from the LMA

 

The LMA provides the lead, on behalf of the London Market Group (LMG), in developing and promoting the use of electronic processes to support the placement of insurance business in the London Market.

 

The information and resources offered via this page are available to Lloyd's Managing Agents, London Brokers, London insurance companies and other interested organisations to support their own evaluation and implementation projects.

 

« Back to main electronic placing page

 

These resources will be reissued from time to time. To be added to our distribution list and receive notification of these changes and other electronic placing updates, please contact us (see below).

 

An Introduction - A high level view of what electronic support for placing is about, the benefits, the activity, the technology: a good place to start.

 

Getting Started Guide-  This document sets out basic steps an organisation should take to become involved in electronic support for placing. The LMA offers support to all organisations in the London market throughout this process.

 

Q&A document - answers to the questions we are asked most often.

Case Studies - (1) Aspen Re (2) Catlin/Aon (3) Brit

 

Benefits Model - This is in two parts. The Explanatory Notes describe the range of benefits and the operation of the model itself. The Model is an interactive spreadsheet into which organisations can enter some basic organisational information and draw off a benefits report. For each potential benefit reported, the model will indicate its likelihood of being achieved by the organisation, when it will be delivered, which stakeholder group will benefit, what the barriers to achieving the benefit are and what organisational changes are needed in order to deliver the benefit. We are happy to discuss the model with you and guide you through its use.

 

Landscape Analysis - This analysis provides information about which organisations are active electronically in which areas of business. The document will be reissued on a regular basis to track the developing landscape. The positioning of suppliers and their various offerings as they relate to electronic support for placing is also included.

 

Placing Implementation Guide - a suite of guides to the implementation of ACORD standard messages:

 

Electronic Placing Business Process Protocols

ACORD RLC XML Placing Implementation Guide v2.6.1

ACORD RLC XML Placing Message Reference Guide v2.7

Electronic Placing Implementation Guide (References)

Endorsements Implementation Guide v4.2

 

 

Endorsements

 

Materials specifically relating to the endorsements work stream are available here.

 

Electronic Support for Endorsements

 

The Exchange - Information about the Exchange, launched by Lloyd’s in 2009, is available from Lloyd's website.

 

Watertrace Report on Aon's Use of RI3K

 

In an update to their 2008 survey, Aon commissioned Watertrace in 2009 to conduct a more extensive study into electronic placement support in the London market to gain insight into the progress of implementation.

Watertrace’s reports are available here:

 

2009 Report

 

Executive Summary

Full Report

 

2008 Report

Executive Summary

Full Report

 

Questions regarding this report should be directed to Ian Summers, Director of Change at Aon UK Limited.

 

Contacts

 

For further information about electronic support for placing and to discuss your organisation's involvement in the future of placing support, please contact at the LMA:

 

Top

 

Peter Holdstock (Senior Executive - Market Processes) on 020 7327 8383

 

Rob Gillies (Head of Market Processes ) on 020 7327 8377


 

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