Reporting Standards

Coverholders, also known as MGAs, have to report on risks, premiums and claims transacted under their binding authority contracts to Lloyd’s syndicates.

Usually the coverholder sends a monthly spreadsheet bordereaux to the broker in London, but some coverholders now send information using XML.

Lloyd’s wants to make the process clearer for coverholders so we have introduced Lloyd’s Coverholder Reporting Standards.

The standards are the premium standard (for reporting core risk information and paid premium transactions), the claims standard and ACORD’s ER3001(for reporting US property risk exposures).

Reporting Guidance

Coverholder Reporting Standards | Quick GuideIntroductory Flyer  
This introductory document explains the benefits of the standards and the background to their introduction.

 

Coverholder Reporting Standards | User GuideUser Guide 
Gives definitions of all the minimum information needed when reporting to London. It states whether the information is mandatory or only needed for some risks or claims.

 

 

 

Local office reporting

In some territories there is a requirement for the coverholder to report information to the local Lloyd’s office.

Local office reporting information

Contacts

Sarah Thacker

Sarah Thacker
Senior Business Analyst

t: +44 (0)20 7327 6616
f: +44 (0)20 7327 6688
Sarah.Thacker@lloyds.com

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