Update to Twin Binding Authority MRC

12 Aug 19 | The LMA has drafted an update to the Twin Binding Authority MRC which has been published as LMA3113AT-A.

FCA's Proposed GI Value Measures Reporting

12 Aug 19 | Our Head of Regulatory Affairs, Steve Morrell discusses the LMA’s thoughts on the FCA's proposed GI Value Measures Reporting.

MIS Claims Imagery & Intelligence Service

01 Aug 19 | This tool has historically been funded by the LMACC and is now jointly funded with Lloyd’s on a 50/50 basis. A central market contract is in place until 13 January 2020.

Auditor Terms of Business Agreement

29 Jul 19 | The LMA’s Delegated Audit Group (DAG) has put together a model Terms of Business Agreement (TOBA) that can be used by managing agents when instructing coverholder or TPA auditors. The TOBA can be found below, and is also available on the Lloyd’s Word

Your chance to shape our future

23 Jul 19 | The LMA has worked closely with Lloyd’s to map out six transformational initiatives to prepare Lloyd’s for the future.

Electronic Placement Adoption continues apace, but more work to be done

22 Jul 19 | While the move towards electronic placement has been spurred in large part by the Lloyd’s mandates, we have seen a general shift to a position where underwriters and brokers have now accepted that electronic trading is a good thing for the market.

LMA 18th Birthday

28 Jun 19 | 18 years later the LMA is the leading representative force in the Lloyd’s market, just as its founders intended. It works to enable the success of member managing agencies and the market through technical expertise, learning & development activity.

Terrorism Panel Cyber Endorsements

18 Jun 19 | The LMA Terrorism Business Panel, in conjunction with representatives from the LMA Wordings Forum, have published two model write backs of cyber cover (essentially, but not exclusively, as write backs to the Terrorism exclusion contained within the L

GDPR: Market & DXC processes for handling Data Subject Requests

14 Jun 19 | LMA and DXC have been working to ensure there is a clear documented process in place to assist Data Controllers (in this case carriers) and DXC (as a Data Processor).

New South Wales Emergency Services Levy

10 Jun 19 | Insurers writing relevant classes of business in New South Wales are required to charge an Emergency Services Levy alongside the risk premium to cover their contribution to the emergency services annual budget.

LMA Risk Code Triangulation Reports – Q1 2019

03 Jun 19 | The latest LMA Triangulation Reports (Q1, 2019)

Gemini Expert Management - Phase 2 delivery - capturing expert spend

15 May 19 | An update on the phase 2 scope, design and plan to fully deliver Gemini, the market's expert management solution, following the initial delivery in October 2018.

Loss Ratio Triangulations

08 May 19 | The LMA Loss Ratio Triangulations, based on data from DXC, provide details and development patterns of gross net premiums (gross of reinsurance, net of acquisition costs), paid and incurred claims for each Lloyd’s risk code by year of account.

SCAP - one year in

29 Apr 19 | The Single Claims Agreement Party (SCAP) clause has been available to the London Market since February 2018.

‘Talent & tech' key to delivering world-class claims service, report finds

11 Apr 19 | The LMA and PwC today published a report, following engagement with London market carriers, on the transformation of their claims departments.

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