The Principles Board Attestation is an annual process, providing a formal opportunity to share and agree Principle and sub-principle ratings between managing agents and Lloyd’s.
Lloyd’s expects managing agents to maintain a robust process to support the statements made in the Attestation. Managing agents should conduct an exercise to assess themselves against the Principles, taking into account not only a qualitative view but also what quantitative data is available to support the assessment. Boards and senior management will need to engage with the Principles and the outcomes that they set out to achieve.
More information on the Principles Board Attestation process for 2024 and examples of appropriate outcomes-focused commentary can be found below.
View Principles Board Attestation Guidance
View Example commentary for Principles Attestation