Binding authority agreements, coverholder appointment agreements and delegated claims administrator agreements where risk, premium, regulatory, tax and/or claims information is required to be reported to Lloyd’s syndicates.
Establish a standardised core data set for all coverholder and delegated claims administrators to report risk, premium and claims data.
It is mandated that all Lloyd’s syndicates request and collect information consistent with the requirements set out in the user guide.
Core reporting requirements apply to all binding authority agreements and coverholder appointment agreements incepting since July 2017.
The requirements cover regulatory, tax, premium and claims data across all classes and territories.
Managing agents can require additional data based on:
Third parties are expected to provide additional data where reasonably requested.
It is recommended that the user guide is read to fully understand the requirements.