QA Tool - Open MarketAccess the Open Market QA Tool v7.1
[Last updated 1 September 2017]

  

  

Latest News - 21 September 2017

Export Results buttons

Lloyd’s PMD informs that from 1st November 2017 the Export Results buttons are being removed from both the Open Market and Binding Authority QA Tools.  You will still be able to print the page.

 

Should you rely on this functionality currently please contact Jane Adams as a matter of urgency to discuss further on 020 7327 5075 or by email jane.adams@lloyds.com.

Release Update
Version 7.1 of the Open Market QA Tool checks and corresponding rules for Wordsensa QA went live on 1 September 2017.

  • How does the Open Market QA Tool work?

    Using the drop-down boxes, select the criteria relevant to the contract you are checking. You will need to make selections from all the drop-down boxes: this is to ensure that you are provided with all relevant requirements.

    If the class of business you require is not listed use the 'Risk Code & Class of Business Mapping' spreadsheet available in the ‘Downloads’ section below. 

    If you have trouble working out the location of a risk or need to find out how to handle a multi-jurisdiction policy please refer to

    Establishing Risk Location.

    Once you submit your selection you will be provided with a complete set of requirements applicable to your contract (link opens in a new window).

  • Business queries and feedback

    We welcome feedback in order to make the QA Tool more effective for the market, please send any comments or queries to wordsensaqaqueries@lloyds.com

     

  • Important information

    The Open Market QA Tool has been updated as part of the changeover to the Market Reform Contract (MRC). This is intended to assist experienced market practitioners to check that slips contain the relevant Contract Certainty, Tax & Regulatory, Lloyd's Advisory & Risk Management information in line with the new contract format.


Technology issues and general queries

For technology issues (eg if you have trouble accessing the tool) or general queries (eg where can I find all the checks released in a previous update) please email wordsensaqaqueries@lloyds.com.

Other internet links

Market Reform - Contract Certainty Guidance

Market Reform - Market Reform Contract Documents

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