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With Market Reform Office Market Reform Forum Whats new this month? Rüschlikon Initiative Christopher Croft, MRO Peter Arbenz, Swiss Re; Andrew Muir, SWIFT.

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Presentation on theme: "With Market Reform Office Market Reform Forum Whats new this month? Rüschlikon Initiative Christopher Croft, MRO Peter Arbenz, Swiss Re; Andrew Muir, SWIFT."— Presentation transcript:

1 With Market Reform Office Market Reform Forum Whats new this month? Rüschlikon Initiative Christopher Croft, MRO Peter Arbenz, Swiss Re; Andrew Muir, SWIFT 2 nd October 2008 Market Reform Office

2 Market Reform 2008 Market Reform Office Update across the reform agenda IMR Agreement Placing Endorsements Finish what we started A&S Other news

3 Market Reform 2008 Market Reform Office IMR Agreement Signed, sealed and delivered In force as of 1 st October Phase 1 upgrade to go ahead weekend 5 th /6 th October AAC to hold inaugural meeting

4 Market Reform 2008 Market Reform Office Finish what we started MRG developing comprehensive plan Key focus –getting to 100% ECF (ie no scope) including legacy claims –E-Accounting Co-ordinated with Xchanging for delivery Co-ordinated with other key workstreams (eg Lloyds Information project)

5 Market Reform 2008 Market Reform Office e-Placing Continued work to develop business and messaging standards Updates to ACORD Placement Implementation Guide Lloyds Exchange – winner to be selected

6 Market Reform 2008 Market Reform Office E-MRCE Target – 3,000 broker submissions in September

7 Market Reform 2008 Market Reform Office E-MRCE Need data by 15 th October for September business MRG 30 th October to discuss new targets Upgraded contacts directory nearly ready Growth of to message translation solutions

8 Market Reform 2008 Market Reform Office A&S Delinking anonymised league tables with brokers Release 5 in November Push towards 100% AP/RP continuing

9 Market Reform 2008 Market Reform Office Other news ECF MI reports coming ECF Release 7b in November 50% policies signed electronically in August. Broker specific data on its way Legacy – FSA update end October FSA – still very interested MRG considering next wave ideas

10 Market Reform 2008 Market Reform Office Questions?


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