Endorsement Initiative Update Agenda Electronic Support for Endorsements 29 March 2012.

Slides:

Advertisements

Similar presentations

Achieving Contract Certainty

Advertisements

The Market Reform Contract Endorsement (MRCE) February 2008.

The Market Reform Contract (MRC) June 2007 Steve Hulm (MRPO)

Market Reform Group With Electronic Market Reform Contract Endorsements Sponsors and Project Managers - Workshop 28 th January 2009.

Market Reform Forum Andy Brookes, MRPO Steven Haasz, Lloyds Mike Smith, Hugh Maltby, Brit 22 February 2007.

Market Reform Forum John Harvie, MRPO Martin Roberts, LMA 25 April 2007.

2006 Objectives & the LMP Slip Past, Present and Future Market Forum, 26 January 2006 James Willison, Andy Brookes.

With LMG Secretariat LMG Forum May 2011 Christopher Croft, LMG Secretariat Rob Gillies, LMA.

Market Reform Forum Andy Brookes, MRPO Roy Laker, ACORD 29 March 2007.

1 Market Reform Forum Update on business reform 11 November Andy Brookes Lloyds BPR.

With LMG Secretariat LMG Forum April 2011 Christopher Croft, LMG Secretariat John Hobbs, IUA Chris Buer, LIIBA Steve Hulm, LMG Secretariat.

LMP – Insurance Documentation Contract Certainty Initial Implementations THIS DOCUMENT APPLIES TO THE INITIAL IMPLEMENTATIONS OF THE CONTRACT CERTAINTY.

With LMG Secretariat LMG Forum February 2011 Christopher Croft, LMGS Justin Emrich, Atrium.

Trevor Maddison Electronic claims Trading claims electronically Date 29 th March 2007.

With LMG Secretariat LMG Forum March 2011 Christopher Croft, LMGS James Livett, LIIBA Pat Talbot, IUA Gary Bass, LMA.

With Market Reform Office Market Reform Forum June 2009 Christopher Croft, MRO Keith Alderman, PRO Insurance Solutions Barnabas Hurst-Bannister, Travelers.

With LMG Secretariat LMG Forum August 2010 Christopher Croft, LMGS Max Pell, XIS Roger Oldham, Marsh Paul Howell, RSA.

Market Forum 26 April 2006 Andy Brookes. Market Reform Build user-friendly front-end for contract certainty checks (Q1) Avoid regulatory intervention.

LMBC – Mike Reidie, Nigel Roberts

With Market Reform Office Market Reform Forum July 2009 Christopher Croft, MRO Roy Laker, ACORD Geoff Kennard, Xchanging.

With Market Reform Office Market Reform Forum March 2009 Christopher Croft, MRO Ian Springett & Adrian Duggleby, MAP Rob Myers, Xchanging.

With Market Reform Office Market Reform Forum February 2009 Christopher Croft, MRO Carl Phillips, Lloyds Mark Barwick, LIIBA.

With LMG Secretariat LMG Forum September 2010 Christopher Croft, LMGS Max Pell, XIS Richard Ward, Lloyds.

E-Accounting Update Mark Barwick, LIIBA. Background LMG workplan for 2009 is based on Finish what weve started E-accounting a key part of this LMG Objective.

With Market Reform Office Market Reform Forum Whats new this month? Market Reform in the London Company Community Christopher Croft, MRO John Hobbs, Director.

The Market Reform Contract (MRC) June 2007 Steve Hulm (MRPO)

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

Market Reform Forum Andy Brookes, MRPO Thursday 28 June 2007.

Market Reform Forum Andy Brookes, MRPO Stuart Dean, Willis Thursday 27 September 2007.

Leadership, Knowledge, Solutions…Worldwide. Electronic Endorsements Pilot Roger Oldham Head of Market Practice Central Management Its not complicated.

Market Reform Forum Christopher Croft, MRPO Thursday 26 th July 2007.

Market Reform Forum Andy Brookes, MRPO 31 May 2007.

Electronic Support for Endorsements LMG Forum 20 October 2010.

A&S Repository update 31st MAY 2007 NIGEL ROBERTS.

Electronic Support for Endorsements Market Briefing 5 May 2010.

With LMG Secretariat LMG Forum February 2010 Christopher Croft, LMGS Trevor Maddison, Lloyds Ian Fantozzi, Canopius.

With Market Reform Office Market Reform Forum August 2009 Christopher Croft, MRO Mike Barr, Watertrace Peter Holdstock, LMA.

Accounting & Settlement Peter Holdstock Senior Executive – Market Processes Lloyds Market Association

With Market Reform Office Market Reform Forum Whats new this month? Claims Processing IMR Agreement Steve Hulm, MRO Gary Bass, Claims User Group John Hobbs,

Market Reform Office Market Reform Forum Christopher Croft, MRO Roger Oldham, HSBC Thursday 29 th November 2007.

With LMG Secretariat LMG Forum November 2010 Christopher Croft, LMGS Rob Gillies, LMA Philip Godwin, Lloyds.

Market Reform Forum Christopher Croft, MRPO Thursday 23rd August 2007.

Market Reform in the London Company Community John Hobbs Director of Market Services International Underwriting Association March 2008.

Market Reform Office Market Reform Forum Andy Brookes, MRO Jon Faulkner, Xchanging Helen Dines, Willis Thursday 25 October 2007.

With Market Reform Office Market Reform Forum Whats new this month? Updates on: Aon and Ri3K; endorsements Andy Brookes, MRO Ian Summers, Director of Change,

With LMG Secretariat Future Processing Model Update Simon Collins 20 May 2010 With London Market Group.

With LMG Secretariat LMG Forum June 2010 Christopher Croft, LMGS David Harris, Amlin.

Reform Update Market Forum, 22 March 2006 Andy Brookes.

Update on Contract Certainty John Harvie Contract Certainty Sponsors and PMs 23 August 2006.

Market Reform from the top Andy Brookes, Market Reform Programme Office 29 March 2007.

Electronic Placing in the London Market July 2007 Rob Gillies Lloyds Market Association.

With Market Reform Office Market Reform Forum Whats new this month? e-Placing update Andy Brookes, MRO Lisa Gibbard, Head of IT, Aspen Re Rob Gillies,

Electronic Placing Market Reform Forum February 2008 Rob Gillies Lloyds Market Association.

LMG Secretariat Endorsements Pilot 2010 John Hobbs (IUA) Chris Buer (LIIBA)

Control Framework A warm Welcome to the august market Breakfast Group.

Market Reform Office with ACORD Market Reform Contract (MRC) for Binding Authorities and Lineslips Andy Brookes & Steve Hulm (MRO), Paul Brady (Lloyd’s),

With LMG Secretariat LMG Forum December 2009 Christopher Croft, LMGS Rob Gillies, LMA Ian Devonald, Travelers Simon Gaffney, Willis Trevor Maddison, Lloyd’s.

The Market Reform Contract (MRC)

Market Reform Office With Market Reform “from the top” Andy Brookes Market Reform Office 30 April 2008.

e-Accounting A Market Reform Initiative 30 th April 2008 Brian Austin – Lloyd’s Corporation - Market Operations.

With LMG Secretariat LMG Forum November 2011 Christopher Croft, LMG Secretariat Rob Gillies, LMA Trevor Maddison, Lloyd’s Colin Smith, Mitsui Sumitomo.

With LMG Secretariat LMG Forum January 2012 Christopher Croft, LMG Secretariat Rob Gillies, LMA Mark Barwick, LIIBA.

Electronic Placing in the London Market Market Reform Briefing Rob Gillies Lloyd’s Market Association.

Endorsement Initiative Update Agenda Electronic Support for Endorsements November 2011.

Electronic Placing in the London Market Market Reform Briefing Rob Gillies Lloyd’s Market Association.

With LMG Secretariat LMG Forum November 2009 Christopher Croft, LMGS Mark Barwick, LIIBA Gary Bass, LMA Pat Talbot, IUA.

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

© Lloyd’s CSRP Governance 1 st June © Lloyd’s CSRP Investment Board - accountable for providing assurance to the CSRP Steering Group on how the.

LMA Forum: Documentation & Contract Checking Old Library 26 April 2007.

Joint Rig Committee Joint Rig Committee Broker Forum 29 June 2012.

Presentation transcript:

Endorsement Initiative Update Agenda Electronic Support for Endorsements 29 March 2012

All classes live 5 March Process exceptions: in flight, notices of cancellation, change in security/market Key issues: volume, response times, aligning process with underwriter-broker negotiation Lloyds letter to managing agents and brokers Slip language Data Recent timetable

Endorsement Initiative Update Agenda Review post-5 March Data Dashboard Possible timeline for placing support Characteristics of the future market place Steering Group issues

Endorsement Initiative Update Agenda Two levels of reporting: Dashboard (proposed to PSSG) o Electronic volumes o Total volumes o Response times o Organisation readiness Market reports Data BrokerIUA CompanyManaging Agent Broker All Firms Named Volumes* Broker Individual Volumes (as existing) IUA Individual Company Volumes (as existing) IUA All Firms Named Volumes IUA All Firms Named Response Times MA Individual Volumes (as existing) MA All Firms Named Volumes MA All Firms Named Response Times (* reports to be finalised by LIIBA to take account of non-Exchange volumes)

Endorsement Initiative Update Agenda

LMA Rob Gillies Telephone: Peter Holdstock Telephone: LMG Secretariat contact Steve Hulm Telephone: IUA Contact John Hobbs Telephone: LIIBA Contact Chris Buer Telephone: Lloyds Contacts James Bobbitt (Technical) Telephone: Paul Willoughby (Project Management) Telephone: Trevor Maddison (Relationships) Telephone: Hayley Spink (Relationships) Telephone Contacts