Accounting & Settlement (A&S)
When a transaction is created in Lineage it is displayed in real time to A&S where it is allocated in the settlement Cash flow, in accordance with the applicable terms of trade, to the appropriate eligible settlement parties:
- Lloyd’s Underwriters
- Lloyd’s Brokers
- Canadian Coverholders
- Third Party Claims Administrators (TPA)
- Canadian policyholders using the Premium Payment Plan (PPP)
- Lloyd’s Canada Inc.
A&S aggregates a series of transactions between the various participants into a single net settlement for each party.
Settlement occurs on a monthly basis except for Single Large Loss advances that are settled on a daily basis.
A&S is tied in to the Xchanging systems.
Report Dashboard allows users to conduct analysis on the performance of their business by extracting information and key business metrics directly from Lineage.
The Reports Catalogue provides details of all available reports.
Information Gathering Through Data Entry or Data Upload
Parties with a binding authority contract entered in Lineage can input, manage and consult their data (Organization Profile, Binding Authority, Policies and Claims) directly through Lineage, thereby improving the quality and accuracy of information.
Lineage Tools & Resources
The Lineage Tools & Resources section of the Knowledge Base is where you can find handy references that will facilitate the use and understanding of the Lineage applications and reports.
- Codes and references (Coverage Codes, Kind of Loss Codes, Calendars, FAQs and many more!)
Step by step instructions for each Lineage service (Binding Authority, Business Intelligence, Policies, etc.)