With LMG Secretariat LMG Forum May 2010 Christopher Croft, LMGS Simon Collins, Lloyd’s John Hobbs, IUA Chris Buer, LIIBA.

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Presentation transcript:

With LMG Secretariat LMG Forum May 2010 Christopher Croft, LMGS Simon Collins, Lloyd’s John Hobbs, IUA Chris Buer, LIIBA

LMG Forum 2010 Agenda Modernisation this month Future Processing model update Endorsements pilot

LMG Forum 2010 FWWS - eAccounts Release 1B & 2 proposals being considered by AAC today Any agreement subject to contract negotiations Ratification by LMG planned for June 17 th

LMG Forum 2010 FWWS – ECF2 ECF2 Core – initial delivery schedule being agreed ECF2 Reporting – CDW and MI reports are on schedule ACORD new messaging group now in place and meeting to discuss the changes required. Anticipated changes for delivery in 1st Q Binders – Binders proposal submitted to the AAC and LMG. A request for a business case review, review of existing software packages, further review of the volume of out of scope binders. Delivery July AAC.

LMG Forum 2010 ECF legacy reduction

LMG Forum 2010 The Exchange Market utility requires market governance Looking to implement Equal representation form all four constituencies –IUA –LIIBA –Lloyd’s –LMA Owned by the market for the benefit of the market

LMG Forum 2010 Right first time Visiting brokers with relatively high performance Luck or judgement? New tracker codes going in shortly

LMG Forum 2010 Questions?