Welcome to Lloyd’s – the world’s insurance marketplace. Bringing together experts who share intelligence, judgement, capital and risk to create a braver world.
Join the best minds in the market - access the expertise, knowledge and insights to protect and develop your business.
Discover the breadth of the Lloyd’s marketplace and find the experts to support your risk - whatever the size and complexity.
Stay on top of all the latest news impacting the insurance marketplace and understand the innovations, trends and insights on the changing risk landscape.
Discover our suite of tools and technologies to support your business needs.
Find and access the services you need to do your job.
Capital & Reserving
Lloyd’s has set out guidance and key principles surrounding the setting of capital for syndicates.
Internal Model SCR is a dedicated quantitative review of syndicate models and outputs as a key input to the LIM.
Focuses on ensuring syndicate models produce an appropriately calibrated SCR and that models are demonstrably compliant with the relevant tests and standards of the Directive.
Model Change reporting requirements are detailed in the guidance. Templates are also provided for reporting to Lloyd's.
Lloyd's standard formula template and guidance sets out the SII regulatory calculation of SCR.
Requirements around capital setting are different for new syndicates, which need to build their own internal model in the first years.