Latest LMA bulletins, press releases and blog/opinion pieces
LMA Risk Code Triangulation Reports – Q3 2018
12 Nov 18 | The LMA Risk Code Triangulation Reports for Q3 2018, using data supplied by Xchanging, have now been published on the LMA website.
LMA Finance Committee appoints Mark Allan as chairman
12 Nov 18 | The LMA's Finance Committee (FinComm), which leads on financial issues and requirements affecting Lloyd’s managing agents and syndicates, has appointed Mark Allan as chairman.
Lloyd’s Marine Resilience
09 Nov 18 | Neil Roberts, LMA's Head of Marine discussed how Lloyd’s marine insurers are resilient, with a unique ability to adapt to change and deliver high-quality products at competitive prices.
Lloyd’s Risk Location and Stamp Decision Guidance (Lloyd's Brussels)
06 Nov 18 | In the event of a hard Brexit in March 2019, Lloyd’s syndicates will no longer be licensed to write EEA (and Monaco) risks on syndicate paper.
Lloyd’s Brussels TPA Agreement
05 Nov 18 | The Lloyd’s Brussels TPA agreement (LBS0065) has been published to support the management of outsourced claims entities from the EEA by Lloyd’s Brussels.
Eyes on the risk
25 Oct 18 | Lee Elliston, LMA's Claims Director, discusses how the Lloyd's market is using Tech to assess claims in the wake of major natural catastrophes.
Co-Lead Claims Agreement
19 Oct 18 | This bulletin both introduces and publishes the co-lead claims agreement, to support the streamlining of the co-lead claims agreement process within the Lloyd’s market.
Satellite Imagery speeds Florence and Michael claims payments
15 Oct 18 | Lloyd’s managing agents have now begun assessing and paying claims to policyholders affected by hurricanes Florence and Michael, enabled and supported by the LMA’s satellite imagery and intelligence service.
LMA appoints Andrew Brooks as next Chairman
10 Oct 18 | Andrew Brooks, Chief Executive Officer of Ascot Underwriting Ltd., has been appointed the next Chairman of the Lloyd’s Market Association (LMA) with effect from 1 January 2019.
Reputation, enhancing delegated authority claims and automation ‘top priorities’, LMA survey reveals
08 Oct 18 | Brand reputation, automation and straight-through processing are the top three priorities of claims leaders in the Lloyd’s market, a survey commissioned by the LMA reveals.
Lloyd's Brussels: placement process for delegated authority business from 01 January 2019
03 Oct 18 | Lloyd’s Brussels will underwrite non-life insurance and facultative reinsurance risks located in EEA countries with effect 2019. This bulletin provides documentation and guidance to a number of elements of that placement process for DA business.
Brexit – placing of EEA/non-EEA risks post 01 January 2019
02 Oct 18 | Lloyd’s has established a new insurance company based in Brussels. From 01 January 2019, placements under a syndicate and LBS stamp will have to be priced separately.
InsurTech-led change in the Lloyd’s Market
27 Sep 18 | A new report highlights the advantages for Lloyd’s in the InsurTech ‘arms race’. It observed that managing agents, being nimbler than large insurance groups, can deploy ‘Supplier InsurTechs’ quicker.
Delegated Claims Oversight Strategy
27 Sep 18 | The main aims of the program are to provide an improved and more consistent DA experience for TPAs, improved service for customers and increased indemnity accuracy.
DS1017 CAT DOI Reporting app - now live
26 Sep 18 | The LMA have been working with DXC to create a live reporting app which will allow managing agents to access the required claims data to assist with the compilation of returns.
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