Brand guidelines, Lloyd's Wordings Repository, Quality Assurance Tool, Market Reform Contract and The Exchange.
All Lloyd’s registered brokers are entitled to use the Lloyd’s brand in their promotional material. Lloyd's brand guidelines have been developed to ensure that the Lloyd's brand is used consistently and to protect the Lloyd's trademarks which have been registered worldwide.
Lloyd's Wordings Repository
The Lloyd’s Wordings Repository (LWR) is the most comprehensive, single source of pre-vetted wordings available in the market and is maintained by Lloyd’s and the LMA as part of our continuing commitment to contract certainty. LWR contains circa 3,500 model wordings in all lines of business, which are supported by Lloyd's and London market wordings specialists. LWR enables you to quickly and easily search for, view and download, model wordings and clauses regularly used within the London market. LWR also provides a sponsored section option for an individual firm wanting to store its own wordings in the same convenient location. This service is hosted by ISO (Insurance Services Office), to gain access to the Lloyd's Wordings Repository please contact:
The introduction of a placing standard - initially LMP and now MRC - has delivered value to the London market by providing a standard form of submissions. It offers a clear structure and means that brokers present contracts in a consistent manner. This in turn adds clarity to the broker/underwriter discussion and thus enhances the efficiency of the placing process. The MRC has also delivered other advantages – most notably ensuring the content was aligned with the needs of contract certainty.
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