Risk Code Triangulations
Updates usually become available approximately 4 weeks after the quarter end. LMA receives data from DXC and Lloyd's and formats it by Lloyd's Risk Code for the 1993 year of account and subsequent.
The LMA regrets the delay in producing the Q1 2020 Triangulations. This is due to circumstances beyond our control, but we are doing our best to obtain the necessary data.
As identified in LMA19-014-PD, the LMA began to publish the loss ratio triangulations using both DXC data (the original basis) and Gross Quarterly Data (GQD) in Q1 2019. Since then there have been discussions with Lloyd’s regarding the publication of the GQD triangulations on the Lloyd’s Insights Hub. We are pleased to inform members that the loss ratio triangulations prepared using GQD data will be available on the Insights Hub called the “Underwriting Development Triangles” from 15 September 2020. The LMA will endeavor to continue to publish the loss ratio triangulations using the DXC data until the end of 2020, however there have been issues converting this data in recent quarters. Members are reminded to review this document (LMA Loss Ratio Triangulations – new data sets) which outlines the reasons for differences between the GQD and DXC data.
Information on how to access the Lloyd's Insights Hub can be found in the Insights Hub introductory video