Lloyd’s agencies want ILS as a permanent re/insurance market fixture, LMA survey finds

14 Aug 18 | 80% of Lloyd’s managing agents who responded would “like to see Insurance Linked Securities (ILS) products become a permanent fixture in the re/insurance market” according to a survey by the LMA.

LMA Risk Code Triangulation Reports – Q2 2018

03 Aug 18 | The LMA Risk Code Triangulation Reports for Q2 2018, using data supplied by Xchanging, have now been published.

Delegated Authorities Update

31 Jul 18 | As always, developments in the delegated authority space continue, and we’re working closely with both Lloyd’s and the market to provide a more effective framework and tools to support the distribution channel.

The LMA: A Year in Review

30 Jul 18 | Competitive operating conditions, a series of natural catastrophes, and the UK’s impending exit from the European Union presented our members with challenges on many fronts in 2017.

GEMINI – A Claims Expert Management Hub

30 Jul 18 | An update on the delivery of the claims expert management hub, following approval from the LMACC and support from the claims community in 2017, and market consultation in Q1 2018.

Addressing the Underwriting Challenges around Brexit

27 Jul 18 | The final shape of the UK’s deal with Europe following the country’s exit from the European Union in 2019, and its impact on insurance and reinsurance contracts, remains somewhat unclear.

Model Insurance Product Information Documents (IPIDs)

26 Jul 18 | The LMA, in conjunction with the Wordings Forum, has prepared model IPIDs for four of the five consumer products for which we already have model wordings, which are now also in the Lloyd’s Wordings Repository (LWR).

Model Business Interruption Extension Wordings

25 Jul 18 | The LMA Wordings Forum’s Business Interruption Working Party have been working on a suite of model business interruption (BI) specifications for use as extensions to property damage wordings.

GDPR is Here

25 Jul 18 | Exhaustive work has taken place at firm level on GDPR compliance and at market level to assist – and, as the ICO would expect, this starts at home.

Motor-related terrorism

24 Jul 18 | The LMA has welcomed the UK Motor Insurance Bureau’s members vote to mutualise the risk arising from motor-related terrorism.

For the Love of Insurance?

18 Jul 18 | In December 2016, I achieved my Advanced Diploma in Insurance. The day that I received my final result I felt as relieved as I did proud: I would never have to open another book about insurance if I did not want to!

Single Claims Agreement Party (SCAP) - Enhancing the Operating Model

17 Jul 18 | Following the LMACC and Claims TOM Steer Co's decision to priortise SCAP, a cross market working group has identified opportunities to enhance its operation

David Gittings calls for Lloyd’s to launch 'deep review'

13 Jul 18 | In an interview with the Financial Times, David Gittings says Lloyd’s needs to launch a deep review of how it operates and explains how the insurance market is ready for more ‘radical change’.

Senior Managers & Certification Regime guidance issued

05 Jul 18 | The PRA has published its final rules and the FCA has published its near final rules on the Senior Managers & Certification Regime.

Digitalisation is impacting claims, but what about the people…?

04 Jul 18 | Today sees the launch of the LMA Future of Claims Forum, which coincides with the publication of the PwC report: Claims Workforce of the future: 2030.

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James Milne
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Stephanie Ruiz
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