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 byAiden Henry
Modified over 2 years ago
From reform to managing change Dr Richard Ward, Chief Executive, Lloyds
© LloydsFrom reform to managing change September Lloyds today…
© LloydsFrom reform to managing change September So we need to keep evolving… Council of Insurance Agents & Brokers (CIAB) Partnering with LexisNexis to create an insurance exchange to improve the efficiency and transparency of the independent agent- based distribution system in US. Supported by a broker-controlled and operated entity called The Insurance Exchange Trust (IET). Qatarlyst Brings together international insurers/reinsurers and brokers to conduct insurance trading activities An electronic trading service to facilitate workflow, deliver documentation and provide effective management information - ultimately enable straight though processing capabilities Ruschlikon Initiative Group of large European reinsurers, (Swiss Re, Munich Re, Hannover Re et al) live in the UK, Europe, US and Bermuda. Rule book and implementation standard New York Insurance Exchange (NYIE) Move to resurrect the 1980s NYIE announced in January. Technology will play a key part. Netherlands electronic Insurance Exchange System (eABS) Owned & governed by the Netherlands Insurance Exchange Association (VNBA) Covers Placing, A&S and Claims - only Claims is currently live Will be mandatory for all members of the VNAB
© LloydsFrom reform to managing change September Embracing technology…
© LloydsFrom reform to managing change September Weve already seen dramatic change at Lloyds…
© LloydsFrom reform to managing change September Considerable progress so far We are on a journey to greater efficiency But there is still work to be done
© LloydsFrom reform to managing change September The Exchange is the next step on our journey Working alongside Lloyds traditional face-to-face interaction between brokers and underwriters
© LloydsFrom reform to managing change September One connection, multiple uses
© LloydsFrom reform to managing change September But we need you to come along for the ride…
© LloydsFrom reform to managing change September The benefits are many Improve customer service Retain and attract business Lower operational costs Reduce operational risk Improve capital efficiency Create greater transparency
© LloydsFrom reform to managing change September Where we are at: connections Managing agent, Broker and Company connections Managing agents connected as a % of total capacity Brokers connected as a % of total premium income IUA companies connected as a % of IUA members
© LloydsFrom reform to managing change September Where we are at: message volumes Total messages month by month and total cumulative messages
© LloydsFrom reform to managing change September Where were going…
© LloydsFrom reform to managing change September But most of all, we want to go from being known for this…
© LloydsFrom reform to managing change September To being known for this…
Placing reform and technology overview LMA: Electronic Support for the Placing Process John Harvie 8 th May.
Electronic Placing Market Reform Forum February 2008 Rob Gillies Lloyds Market Association.
Market Reform Solution Providers Forum, 17 th March 2006.
Market Reform from the top Andy Brookes, Market Reform Programme Office 29 March 2007.
Market Reform overview Andy Brookes, Market Reform Programme Office 31 May 2007.
Leadership, Knowledge, Solutions…Worldwide. Electronic Endorsements Pilot Roger Oldham Head of Market Practice Central Management Its not complicated.
Market Reform from the top Andy Brookes, Market Reform Programme Office 30 May 2007.
Miller Insurance Services Limited is authorised and regulated by the Financial Services Authority Market Reform – A Miller view.
Accounting & Settlement The Way Forward. Accounting & Settlement Page 1 Restatement of A&S objectives Work streams commissioned by MRG –Repository –Strategy.
Trevor Maddison Electronic claims Trading claims electronically Date 29 th March 2007.
1 Market Reform Forum Update on business reform 26 May 2005 Andy Brookes LMP/Lloyds BPR.
Market Reform Group With Electronic Market Reform Contract Endorsements Sponsors and Project Managers - Workshop 28 th January 2009.
LABUAN IBFC INC SDN BHD IS THE OFFICIAL AGENCY AUTHORISED BY THE MALAYSIAN GOVERNMENT TO MARKET LABUAN AS THE PREMIER INTERNATIONAL BUSINESS AND FINANCIAL.
Market Reform “from the top” Andy Brookes, Market Reform Programme Office 4 July 2007.
© British Telecommunications plc Programme update Johnny McQuoid – Programme Director March 2010.
23/04/20141 e-Placement Support Where are we and whats next? 19 August 2009 Copyright Watertrace Management Consulting. All rights reserved.
Accounting & Settlement The Way Forward. Accounting & Settlement Page 1 Restatement of A&S objectives Background Work streams commissioned by.
1 The Aon approach to reform May 2007 Nigel Roberts.
A&S Repository update 31st MAY 2007 NIGEL ROBERTS.
With LMG Secretariat LMG Forum January 2011 Christopher Croft, LMGS Roy Laker, ACORD.
Market Reform Forum Market Aspen ePlacing+ Update.
With LMG Secretariat Future Processing Model Update Simon Collins 20 May 2010 With London Market Group.
Which forces drive the banks to new investments? Innovation mechanisms banks use to succeed challenges Worked: 1.Orkida Ilollari (Findiku) PhDc 2.Gentiana.
The Market Reform Contract Endorsement and where are we going to take it and us?
1 Market Reform Forum Update on business reform 21 April 2005 Andy Brookes LMP/Lloyds BPR.
Vireo ETD System: Online submission and management of electronic theses and dissertations.
1 Market Reform Forum Update on business reform 31 March 2005 James Willison LMP.
Electronic Claims Its coming There will be pain to get the gain Who is your business sponsor? If you handle claims, the way you do your job will change.
What is GS1? An Overview May © 2008 GS12 Background: What are standards? Standards are agreements that structure any activity or any industry. They.
© 2016 SlidePlayer.com Inc. All rights reserved.