Lloyd's - Additional notes
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Underwriting and controls
Lloyd's Market
Performance management framework
Franchise Standards
Underwriting management
Underwriting and controls
Effective systems and controls - Overview
Features of effective underwriting systems and controls
Pre-Bind Quality Assurance
Guidance regarding contract certainty in the placement of business in overseas territories
Competition Law and the BIPAR Principles
Retention of information and testing of underwriting controls
An appropriate peer review process
Additional notes
Additional notes
An appropriate peer review process:
The scope of managing agents' peer review activities should reflect the scale and complexity of their portfolios. Consideration will normally be given to review of all significant underwriting decisions. This could extend to quotations, acceptance of new business, endorsements and renewal terms.
Contract Certainty:
When considering Contract Certainty managing agents should also take account of required Contract Documentation procedures in the Lloyd's market, as agreed by the Market Reform Group (MRG) and coordinated by the Market Reform Office (MRO). Further information can be found on the
Market Reform website
.
Last updated on 03 Oct 2008
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