The role of the Corporation

As well as providing cost-effective services to aid the smooth running of the market, the Corporation strives to raise standards and improve its performance.

Regular communication with market participants ensures that the services provided evolve with the needs of those using them. The work of the Corporation is split into two main areas:

 

Overall risk and performance management of the market

  • The Corporation sets the level of capital Lloyd’s members must provide to support their proposed underwriting and ensures sufficient capital is in place to support Lloyd’s ratings and financial strength.
  • Overseeing the market’s business activities by operating a minimum standards framework and monitoring the performance of syndicates in areas such as exposure management, cycle management, claims management and operational risk management.
  • Working with the managing agents of underperforming syndicates to improve performance, intervening directly where necessary.
  • Managing financial and regulatory reporting for the market – including the production of its results.

 

Maintaining and developing the attractiveness of the market

  • Managing and developing Lloyd’s global network of licences and the Lloyd’s brand.
  • Taking action in the long-term interests of the market.
  • Preserving Lloyd’s diversity and London-based business model.

See Also

Useful Publications

Lloyd's Quick Guide 2011 - US version  pdf file
Lloyd's Quick Guide 2011

An introduction to who we are, what we do and where we work.

Key Facts | Fact or Fiction Graphic  pdf file
Key Facts: Fact and Fiction

Dispels some of the myths surrounding Lloyd's and sorts out fact from fiction...

Key Contacts

Key Contacts

Looking to talk to someone at Lloyd's? Here's where to start:

Key Contacts

Global reach

Lloyd's global reach thumbnail We accept business from over 200 countries and territories worldwide.

Lloyd's global reach 

Take a tour

Virtual tour

Take a virtual tour around the Lloyd’s building

Take the virtual tour

History of Lloyd's

Learn Lloyd's History

Learn about Lloyd's unique and colourful past.

Learn more