LMG Forum 2011 New MR C version New version coming – version 1.4 Release in the next couple of weeks for implementation by 1 st February Guidance changes only – no changes to headings anticipated Principal changes –Nonadmitted and Reinsurance Reform Act and changes to surplus lines regulation –Guidance to reflect usage of Lloyds pilot claims scheme –Some other minor changes to guidance to align different MRC standards (open market, binder etc) and for clarification
LMG Forum 2011 Endorsements Marine, property, PI and specie now live across market Bi-laterals emerging in Bloodstock, Livestock and Terrorism Engagement matrix to be published MAT underway led by the Lloyds Exchange team
LMG Forum 2011 New MR C version Exchange data shows: –Unconditional Acceptance averaging 2,000 per month (data at end of July 2011) –Unconditional Acceptance messages in July up 16% on June at 2,013 Market data requested from insurers and brokers for August by 7 September Work on subjectivities and multi-section risks process improvements taking longer than anticipated Project update to be issued later this week.
LMG Forum 2011 Non bureau progress Live action underway Communications across the market in the autumn – including September Forum Structured plan for implementation in 2012?
LMG Forum 2011 Speeches, rallies etc Coverholder Technology Forum 29 th – 30 th September (www.lloyds.com/coverholde rstechnologyforum)www.lloyds.com/coverholde rstechnologyforum Insurance Technology Congress 11 th – 12 th October Xchanging Conference 9 th- November Barnabas Hurst-Bannister IIL Lecture 22 nd November