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Market data

Following the creation of the new franchise structure, Lloyd’s worked with the market to create various tools and reports.

Many of these are shared with the market, but often will only be accessed by specialist functions at managing agents, such as underwriting, actuarial, claims, exposure management and business development functions.

Below is an overview of the various reports, tools and data sets available to managing agents, as well as information on benefits, audience and how to access them.

We are excited to have launched our next generation data analysis platform for the Lloyd’s market.  This platform will save you time and money from producing common Lloyd’s market analysis and share with you powerful data visualisations and benchmarks never seen before. To see more click ereh.


Lloyd's Market Data and Intelligence

The annual/interim reports present the financial results of Lloyd’s and its members on a bi-annual basis, and may be used as a reasonable presentation of the results and state of affairs of the Lloyd’s market on a basis that is broadly comparable with those of general insurance companies. The reports include the “pro forma financial statements”, which consist of the aggregate of syndicate annual accounts, members’ funds at Lloyd’s (FAL), and the Society of Lloyd’s financial statements.

Benefits

Get an overview of how Lloyd’s works, who participates and its financial results.

Target Audience

Investors, analysts, brokers, managing agents, members and members’ agents, market participants, regulators, rating agencies

Key data sources

QMAs
Frequency
Bi-annual

Access

http://www.lloyds.com/financialresults

Contact

Lloyd’s Ratings & Investor Relations
Debbie Sallas
+44 (0)20 7327 5783
relations.investor@lloyds.com

On the day annual and interim results are published, Lloyd’s management hold a presentation for investment analysts and debt holders to discuss the results and delve down into the numbers in more detail.  The slides in the presentation aim to represent the results of the market in a graphical format which allow for easy comparisons year-on-year.

Benefits

Get an understanding as how Lloyd’s presents itself to investors

Target audience

Investors, analysts, debt holders

Key data sources

QMAs
Frequency
Bi-annual

Access

http://www.lloyds.com/financialresults

Contact

Debbie Sallas
+44 (0)20 7327 5783
relations.investor@lloyds.com

To achieve Lloyd’s vision: to be the global centre for specialist insurance and reinsurance a strategic plan is published annually for the market. It  outlines the activities, roles and responsibilities of the Corporation, managing agents, brokers and members’ agents in delivering Lloyd’s vision.

Target audience

Managing Agents, brokers, rating agencies, members’ agents, analysts, investors, regulators, insurance industry trade bodies

Key data sources

Wide variety of external and Lloyd’s market specific financial, operational, risk, and strategic data and insights.

Frequency

Annually

Access

www.lloyds.com/strategy

Contact

Lloyd’s Strategy & Business Planning
Wendy Kilminster
+44 (0)20 7327 5481
wendy.kilminster@lloyds.com

Lloyd's Statistics provides an easy-to-use reference for key facts and figures relating to the Lloyd’s market. With over 300 pages of unique content, this product is published annually and is an invaluable resource for anyone involved in the analysis of Lloyd’s market data.

Lloyd's Statistics contains:

  • Summary financial statements & performance analysis for all active syndicates.
  • Historical net and gross premium income, combined ratios and Lloyd's market share for all active syndicates.
  • Lloyd's historical account.
  • Historical premium rating index by high level class of business.
  • Combined ratios and other key performance ratios for all major classes of business.
  • Lloyd's capital, premium income, claims data, loss ratios, information on membership & capacity and all Lloyd’s agents, syndicates and Lloyd's brokers.

Benefits

Access to historical reference data for agents, syndicates and members.

Target audience

All Lloyd’s market participants

Key data sources

Quarterly Monitoring Returns Parts A & B (QMA/QMB), Technical Provisions Data (TPD), Lloyd’s Data Warehouse

Frequency

Annual

Access

www.lloyds.com/stats

Lloyd's Data Lab

Data Product Development
Lloyd's
One Lime Street, London EC3M 7HA
E-mail: stats@lloyds.com

The triangulations are based on underwriter data manipulated by Xchanging and sent to LMA where it is reformatted. They provide a snapshot of market performance (gross of RI) by risk code and are updated quarterly.

There are two versions, single currency (where all numbers are converted to sterling) and one where the reports can be split into one or more of 16 settlement currencies. The reports are only made available to full members of the LMA.

Where classes are written by four syndicates or less, that code cannot be displayed for reasons of confidentiality. Some classes have full premium but partial claims information and these are highlighted in the caveats section.

Benefits

Monitor market level premium income and loss ratios triangles by risk code

Target audience

Lloyd’s managing agents: underwriters, actuarial and claims functions

Key data sources

Xchanging

Frequency

Quarterly

Access

http://www.lmalloyds.com

Contact

Lloyd's Market Association
Patrick Davison
+44 (0)20 7327 4595
patrick.davison@lmalloyds.com

Lloyd’s Market Association
Neil Roberts
+44 (0)20 7327 8375
neil.roberts@lmalloyds.com

ISO provides a number of services to the Lloyd’s market. In consultation with market practitioners, ISO developed a new, easy-to-navigate portal giving quick access to the ISO services available to members of the Lloyd’s community. These services include:

  • ISO Forms (Wordings)
  • Property Claim Services (PCS)
  • Legislative Monitoring
  • ISO Loss Costs
  • Emerging Issues

Access

https://www3.iso.com/lloydsportal/Login.aspx

Contact

Chris Kent at ISO
Phone: +44 (0) 20 7680 4977
Chris.Kent@verisk.com

The LWR contains an extensive range of model wordings that have been generated by London market practitioners, including many that are reviewed by the Lloyds Market Association (LMA) business panels. 

The LWR contains over 4,500 model wordings and clauses regularly used within the London market. The Lloyd's market has a licence providing all managing agents unlimited access to the LWR. Non-Lloyd's insurers, brokers and other parties can also join and make use of the facility.

  • two types of searches: simple and advanced
  • a single definitive version of every document
  • content with a uniform structure and style
  • support for pre-bind quality assurance
  • automatic email alerts when new or amended wordings are available

Benefits

Supports contract certainty by providing access to vetted policy wordings and clauses regularly used within the London market.

Target audience

Lloyd’s managing agents: underwriters and wording technicians

Access

www.lloydswordings.com

Contact

Lloyd’s Market Association
Shazia Rennison
+44 (0)20 7327 4011
shazia.rennison@LMALloyds.com

The Lloyd’s Open Form (LOF) Report 2013, contains comprehensive data on all LOF cases reported to Lloyd’s Salvage Arbitration Branch from 1 January 2000 to 31 December 2011.  It enables the reader to access:

  • Analysis of awards by vessel group (Bulk, Container, General and Other)
  • The number of vessels, amounts awarded and time process for each vessel group
  • Casualty type, ranging from grounding and fire to collision and flooding
  • The number of vessels, time of process and amounts awarded, by casualty type

Benefits

Review the effectiveness of the Lloyd’s Open Form of Salvage Agreement.

Target audience

Underwriters and claims personnel

Key data sources

Salvors, arbitrators, solicitors and other parties involved in the LOF process

Frequency

Annual

Access

http://www.lloyds.com/lofstatistics

Contact

Lloyd’s Agency
Kevin Clarke
+44 (0)20 7327 5408
kevin.clarke@lloyds.com

Research

Reports commissioned by Lloyd’s which examine emerging risks and key issues in the understanding of risk.

Benefits

Risk insight through research is central to Lloyd’s commitment to be a market where entrepreneurialism and innovation will thrive, underpinned by robust risk and performance management.

Here you will find reports commissioned by Lloyd’s which examine emerging risks and key issues in the understanding of risk, together with details of the Lloyd’s emerging risks team.

Target audience

Risk managers, business developers, underwriters

Key data sources

Lloyd's with research partners

Frequency

Biennale

Access

lloyds.com/news-and-insights/risk-reports

Contact

Lloyd's Emerging Risk
Nick Beecroft
+44 (0)20 7327 5605
nick.beecroft@lloyds.com 

Underwriting Performance

The PI Pack is a quarterly report produced for each Lloyd’s managing agent showing relative gross underwriting performance benchmarks for each of the syndicates managed by the agent.

Loss ratios for each syndicate class of business for the last five years of account are plotted against the performance of a notional market, the forecast loss ratios from the syndicate’s approved business plan and the loss ratio calculated from the PMDR benchmark price. The report provides a unique insight into the relative underwriting performance of the syndicate.

Benefits

Highlights data quality issues in agent PMDR data.

Target audience

Lloyd’s managing agents

Key data sources

Quarterly Monitoring Return (QMB), Syndicate Business Forecasts (SBF), Performance Management Data Return (PMDR)

Frequency

Quarterly

Access

Secure Store via www.lloyds.com/securestore 

Contact

Lloyd’s Business Intelligence
Paul Speller
+44 (0)20 7327 5554
paul.speller@lloyds.com

The PMDR Warnings Report provides managing agents with a summary of the high priority warnings based on a range of validation tests defined by Lloyd's. The tests are intended to help managing agents check the data they have submitted and fix any issues where the data is not correct.

Benefits

Review the data quality issues in PMDR data.

Target audience

Lloyd’s managing agents

Key data sources

Performance Management Data Return (PMDR)

Frequency

Monthly

Access

Secure Store via www.lloyds.com/securestore 

Contact

Lloyd’s Business Intelligence
Nilgun Canakgoz
+44 (0)20 7327 6820
nilgun.canakgoz@lloyds.com

The Cross-Cycle Performance Report is produced for Lloyd’s managing agents annually and is intended to show how effectively syndicates manage the insurance cycle, by comparing their performance against that of the wider market since 1993.

Unlike the Performance Information report, which compares syndicate class of business performance against a notional market, the Cross-Cycle report shows syndicate performance in each Lloyd’s generic class of business, against overall market performance in each class on a non-notional basis. This approach more clearly illustrates how effectively the syndicate manages premium volume and business selection vs. its peers.

Benefits

Review the long-term underwriting performance across the insurance cycle.

Target audience

Lloyd’s managing agents

Key data sources

Quarterly Monitoring Return (QMB), Technical Provisions Data (TPD)

Frequency

Annualy

Access

Secure Store via www.lloyds.com/securestore 

Contact

Lloyd’s Business Intelligence
Paul Speller
+44 (0)20 7327 5554
paul.speller@lloyds.com

Lloyd's Asia Performance Summary is a quarterly report produced for each Lloyd's managing agent underwriting on the Asia platform. The report compares syndicate underwriting performance against its approved business plan and also contains market performance data.

Benefits

Review the syndicate's underwriting performance for the Asia platform

Target audience

Lloyd’s managing agents

Key data sources

Syndicate Business Forecasts (SBF), Quarterly Monitoring Return (QMB), Performance Management Data Return (PMDR)

Frequency

Annualy

Access

Distributed via email

Contact

Lloyd’s Business Intelligence
Nilgun Canakgoz
+44 (0)20 7327 6820
nilgun.canakgoz@lloyds.com

Claims Performance

The Lloyd’s Claims Reporting Suite provides one version of the truth for claims performance based on ten key KPIs that were identified by the market: Reserve Accuracy, File Management (Lifecycles + Re-openings), Static Claims, Resourcing, ECF, Recoveries, Catastrophe Claims, Nil Reserved Claims, Lawyer Monitoring,  Adjuster Monitoring

Benefits

Review the syndicate’s claims performance relative to the market.

Target audience

Lloyd’s managing agents: Senior management, claim managers & adjusters, other roles include actuaries and underwriters
Lloyd’s internal staff including Claims team, exposure management, risk and capital modelling

Key data sources

CLASS and ECF via Claims Data Warehouse (CDW)

Frequency

Data is available 24x7, 365 days a year, updated daily, two working days after the bureaux transaction

Access

http://crs.lloyds.com
Access is available to registered users from Lloyd’s managing agents

Contact

Lloyd’s Data Lab
Nick Blewden
+44 (0)20 7327 5544
Nick.Blewden@lloyds.com

Exposure Management

The Lloyd’s Exposure Management and Reinsurance team produces benchmark packs based on Lloyd’s Catastrophe Model (LCM), Realistic Disaster Scenario (RDS) and large loss data submitted to Lloyd’s.

Packs are distributed on a per syndicate basis and illustrate comparisons to the entire Lloyd’s market for a variety of metrics. Syndicate data is played back through numerous graphical representations, including trends over multiple years.

Benefits

Review the syndicate’s relative performance in respect of catastrophe losses, management and modelling.

Target audience

Lloyd’s managing agents: Exposure management, actuaries (internal model), underwriters

Key data sources

LCM, RDS, QMA, SBF

Frequency

LCM quarterly, RDS bi-annual, large loss quarterly

Access

Email, Secure Store via www.lloyds.com (from 2014)

Contact

Lloyd’s Exposure Management
Sundeep Chahal
+44 (0)20 7327 5381
sundeep.chahal@lloyds.com

Business Development

The Market Intelligence team provides analysis of the world’s insurance industry from a geographic perspective for the benefit of Lloyd’s managing agents, brokers and coverholders to help them develop their business internationally.

  • Compare Countries: Geographic data on insurance markets, macro economy and Lloyd’s
  • Country Profiles: Short country profiles on macro economy and local insurance industry
  • Market Presentations: Annual market reports from Lloyd’s Country Managers
  • Class Review: In depth class by class analysis in key territories
  • Country Roundups: Local soft intelligence prepared by our offices around the world
  • MI Portal: The MI Portal can be accessed by Lloyd’s Managing Agents via Secure Store. It contains in depth Market Insight reports on key territories, profiles of local insurers & brokers as well as a tailored Managing Agent Compare Countries which is being rolled out shortly.

Benefits

Get an overview of the global insurance industry in the context of Lloyd’s.

Target audience

Business development, business analysts, strategy

Key data sources

Regulators, associations, Xchanging, soft intelligence

Frequency

Ad hoc, weekly, quarterly and annually

Access

www.lloyds.com/marketintelligence

Contact

Lloyd’s Market Intelligence
George Delis
+44 (0)20 7327 6199
george.delis@lloyds.com

International Regulatory and Tax information

Crystal provides Lloyd's market participants with:

  • Quick and easy access to international regulatory and taxation requirements
  • Key information to support the writing of international business
  • Multiple country and category tailored searches
  • Regular updates on regulatory and fiscal requirements
  • An interactive map  that provides high level summary of Lloyd’s trading status worldwide

Benefits

Review international regulatory and tax obligations.

Target audience

All Lloyd’s market participants (UK and international)

Access

Market participants will need to register to access www.lloyds.com/crystal

Contact

Lloyd’s International Trading Advice
+44 (0)20 7327 6677
LITA@lloyds.com

Risk locations determine the territories whose laws, regulations and tax rules apply to an insurance contract.  The Risk Locator Tool assists the market to establish the legal location of an insured risk by class of business and therefore which territory’s regulatory and fiscal requirements to consider. 

Failure to identify the correct territories for regulatory and tax purposes may lead to:

  • delays in premium processing 
  • invalid insurance contracts 
  • inaccurate regulatory reporting and funding 
  • incorrect tax returns and tax payments 
  • insured’s, intermediaries or underwriters subjected to fines 
  • damage to Lloyd’s international reputation 

Benefits

Helps to ensure that all parties in the placement chain comply with international regulatory and tax obligations. 

Target audience

All Lloyd’s market participants (UK and Overseas)

Access

Register to access http://www.lloyds.com/risklocator

Contact

Lloyd’s International Trading Advice
+44 (0)20 7327 6677
LITA@lloyds.com

Reserving

The reserve benchmarking exercise allows agents and Lloyd’s Market Reserving & Capital (MRC) to gain an understanding of syndicate reserve strength relative to the market via a series of key performance indicators and helps to identify trends over time. Reserving performance is analysed on both a 'held' and 'best estimate' basis and gross and net reserves are considered. 

The packs are also intended to be an internal tool for agents to analyse their reserves and can act as a basis for discussions between MRC and agents around reserving related topics.

Benefits

Review the syndicate’s reserving processes compared to the market.

Target audience

Lloyd’s managing agents: reserving actuaries, finance directors, CEOs

Key data sources

Technical Provisions Data (TPD)

Frequency

Annual

Access

Packs are sent to agent contacts via email.

Contact

Lloyd’s MRC
Varuna Porter
+44 (0)20 7327 5530
varuna.porter@lloyds.com

Data products