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.

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.

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.

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.

New report highlights Lloyd’s advantages in InsurTech ‘arms race’

21 Sep 18 | A study, undertaken for the LMA, has praised the work of some Lloyd’s managing agents in developing new propositions and embracing new technology.

LMA action on delegated claims

19 Sep 18 | LMA's Claims Director, Lee Elliston discusses the LMA's programe of work in relation to delegated claims in the Lloyd's market.

LMA & Lloyd’s publish policy documentation for Lloyd’s Brussels

19 Sep 18 | A new suite of policy documentation, to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels, has been published. The new documents were prepared by the LMA’s wordings team, working closely with the Lloyd’s Brexit and

Single Claims Agreement Party (SCAP) - implementation of the Operating Model

18 Sep 18 | An update is being provided to the market regarding the confirmation that enhancements were to be delivered to support the operation of SCAP in Q4 2018, allowing carriers to consider the changes, the impact and the benefit to the SCAP operating model

Market Reform Contract Guidance

06 Sep 18 | Lloyd’s has established a new insurance company based in Brussels (Lloyd’s Insurance Company S.A., known as Lloyd’s Brussels), to underwrite non-life insurance and facultative reinsurance risks located in EEA countries with effect from 01 Jan 2019.

Lloyd’s Brussels Subsidiary (LBS) Policy Documentation

03 Sep 18 | To support the underwriting of EEA risks by Lloyd’s Brussels (i.e. for policies incepting on or after 01 January 2019), Lloyd’s, in conjunction with the LMA, has prepared a new suite of policy documentation for Lloyd’s Brussels.

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