We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byLarry Hagwood
Modified over 2 years ago
Accounting and settlement repository 22 NOVEMBER 2007 CHRIS MEARS – A&S IMPLEMENTATION MANAGER
© Lloyd’sPresentation name 00 July A&S Repository : overview The process by which premium and claim payment amounts are accounted and settled between brokers and underwriters The goal of the work stream is to allow all A&S documentation and data to be submitted and exchanged electronically We have achieved: Delivery of electronic infrastructure to support the efficient processing of Lloyd’s premium (LIVE SINCE SEPTEMBER 2006) Developed a measurement regime to provide basis for continued improvement Published a strategic design for the adoption of international standards
© Lloyd’sPresentation name 00 July Repository Functionality Broker loads slip, LPANs and supporting documentation to repository thereby removing paper (and vans) Two methods: -Direct Load -DRI Message Carriers can gain access and view and download documents DRI enabled repository that also enables direct loading and enquiries to: deliver documents to Xchanging Ins-Sure Services for checking deliver documents directly between brokers and carriers i.e. in support of non-bureau or P2P processes
© Lloyd’sPresentation name 00 July Repository Benefits and Implications Faster turnaround times for documentation since “van time” is eliminated. No “van time” and speedier query resolution means signed lines available quicker Speedier resolution of queries will reduce the volume of rejections DRI functionality consistent with ECF. Brokers have options on how to connect, DRI Push, DRI Pull or Direct load (or additionally for delivery to Xchanging for checking) Gives insurers access to a copy of the slip and other premium submission documentation in the repository Carriers can be notified as a slip is loaded on the repository thereby allowing signed lines to be communicated sooner, thus allowing speedier exposure management Utility function of the repository, without XIS processing, allows broker to distribute documents in a controlled manner to specified parties
© Lloyd’sPresentation name 00 July Take Up Percentage of A&S total (Original Premiums) submitted electronically: -For the week ending 16 th November 2007:49.0% -For the rolling 4 week period to 16 th November 2007: 45.8% 165 firms now ‘switched on’ and able to use the A&S Repository and these firms account for around 92.5% of the total submission volume
Accounting and settlement repository 30 MAY 2007 ADAM STAFFORD – PROJECT MANAGER.
Accounting and settlement repository 23 rd January 2008 CHRIS MEARS - Business Analyst Market Operations & North America.
Accounting & Settlement The Way Forward. Accounting & Settlement Page 1 Restatement of A&S objectives Background Work streams commissioned by.
Electronic Claim File and A&S Repository Briefing Market Forum 24 th August 2006.
Accounting & Settlement The Way Forward. Accounting & Settlement Page 1 Restatement of A&S objectives Work streams commissioned by MRG –Repository –Strategy.
A&S Repository update 31st MAY 2007 NIGEL ROBERTS.
Insurers Market Repository – where are we? Pat Talbot IUA.
Market Reform Solution Providers Forum, 17 th March 2006.
1 The Aon approach to reform May 2007 Nigel Roberts.
© Xchanging 2007 A&S Repository The next step forward in premium processing Date: 13/03/07 Mark Barwick, Project Manager, LMBC Geoff Kennard, Xchanging.
Update on Market Reform John Harvie, Andy Brookes Market Reform Forum 28 September 2006.
Richard Lester Change Management A&S Project Manager The A&S Experience 18 th January 2007.
Market Reform Forum John Harvie, MRPO Martin Roberts, LMA 25 April 2007.
Market Reform Forum 27 October 2005 Andy Brookes Steve Hulm Market Reform Programme Office.
Trevor Maddison Electronic claims Trading claims electronically Date 29 th March 2007.
Market Reform: 2006 progress 21 December 2006 Andy Brookes.
Xchanging ePolicies Overview of Service Offering and Willis Service Usage Experience Presented by : Helen Dines (Willis) Jon Faulkner (Xchanging) Date:
The Market Reform Contract Endorsement and where are we going to take it and us?
Market Reform “from the top” Andy Brookes, Market Reform Programme Office 4 July 2007.
Market Reform Forum Andy Brookes, MRPO Thursday 28 June 2007.
1 Market Reform Forum Update on business reform 21 April 2005 Andy Brookes LMP/Lloyds BPR.
Market Reform Forum Andy Brookes, MRPO Roy Laker, ACORD 29 March 2007.
1 Market Reform Forum Update on business reform 31 March 2005 James Willison LMP.
Market Reform Forum 24 November John Muir / John Harvie / Steve Hulm.
Market Reform overview Andy Brookes, Market Reform Programme Office 31 May 2007.
LMG Forum 23 June Confidence in Lloyds Base: All respondents (n=301) Source: Q17 How positive do you feel about using Lloyds as a market.
1 Market Reform Update 28 July 2005 Andy Brookes Market Reform Programme Office.
Update on Market Reform Andy Brookes, Ben Sayles, Paul Tuvey Market Reform Forum 29 June 2006.
Market Reform from the top Andy Brookes, Market Reform Programme Office 30 May 2007.
Accounting & Settlement: Progress and Plans Mark Barwick, Project Manager, LMBC.
© 2016 SlidePlayer.com Inc. All rights reserved.