Lloyd’s of London / Asociación de Aseguradores de Chile Bilateral Agreements London, October 14 th, 2014 Eduardo A. Couyoumdjian Asociación de Aseguradores.

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Lloyd’s of London / Asociación de Aseguradores de Chile Bilateral Agreements London, October 14 th, 2014 Eduardo A. Couyoumdjian Asociación de Aseguradores de Chile

The Chilean Association of Insurers (AACH) is the voice of the local industry. It is a 115 year-old institution representing 53 insurance companies who account for 96% of Chile’s Insurance Premiums

Agenda Lloyd’s of London/AACH – MoU Highlights Agreements & Next Steps

Lloyd’s of London / AACH MoU Highlights On September 11 th 2013 a Memorandum of Understanding between Lloyd’s and the AACH was signed. Its main objectives are: Promote Exchange of Business Initiate Possible Joint Projects Facilitate Communication Address Concerns

Joint Working Commission Agreements MOU Bilateral Working Group Information Exchange Coverage & Clauses Cooperation & Concerns To move forward & support the progress of activities carried out under the MoU, AACh and Lloyd's agreed to establish a working group and carry the following projects

Joint Working Commission Agreements Upon this Lloyd’s and the AACH have agreed on formal procedures and recommendations for; Information Exchange AACH market information exchange News Report Update CAT Data Response Adapt Clauses to Chilean Regulation Claims Control Clause Claims Cooperation Clause Other TBD Claims Interpretation Coverage Interpretation Knowledge of Coverage Education Coverage & Clauses Cooperation & Concerns

Lloyd’s of London / Asociación de Aseguradores de Chile Bilateral Agreements London, October 14 th, 2014 Eduardo A. Couyoumdjian Asociación de Aseguradores de Chile