1 / 27

LMG Forum February 2011

LMG Forum February 2011. Christopher Croft, LMGS Justin Emrich, Atrium. Agenda. Modernisation update Atrium, messaging and endorsements. ECF2 Current Status. eAccounts. eAccounts Release 1B (R1B) Now in Production Initial use raised some teething troubles that will be resolved

vea
Download Presentation

LMG Forum February 2011

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. LMG ForumFebruary 2011 Christopher Croft, LMGSJustin Emrich, Atrium

  2. Agenda • Modernisation update • Atrium, messaging and endorsements

  3. ECF2 Current Status

  4. eAccounts • eAccounts Release 1B (R1B) • Now in Production • Initial use raised some teething troubles that will be resolved • Upgraded testing and training environment being established for full rollout • UIB, Guy Carpenter & Price Forbes have begun the implementation process with a target live date of 3rd May • eAccounts Release 2 (R2) • Detailed review continues of functional specifications produced early 2010 • Assessment of impact will be produced once work is complete in 4 -6 weeks.

  5. Endorsements

  6. Coverholder reporting standards • Premium standard • US property exposure standard (ER 3001) • NEW claims standard • www.lloyds.com/acord • Or see Sarah Thacker

  7. Co-lead binders & ECF • Aim => to find the best method of allowing electronic processing of co-lead binders claims • Main obstacle to all new claims on ECF • Pilot approach being agreed • More news in coming months

  8. Non bureau progress • Pilot work starting involving Aon, Willis and 5ish company market insurers • Probably run parallel processes to start with • Some use of Exchange for messages • Will allow us to build compelling business case to encourage adoption

  9. The Message Exchange Limited • Cross market ownership of key infrastructure • Directors: • Shirine Khoury-Haq (IUA) • Simon Gaffney (LIIBA) • Kirk Maddern (LMA) • Peter Spires (Lloyd’s) • Close to signing a contract with IBM

  10. Future processing model • Consultation paper published • Consultation runs until end March • Contact your association or • future@londonmarketgroup.co.uk • www.londonmarketgroup.co.uk/future

  11. Questions?

  12. ePlacing Solution 12

  13. The Journey 13 What have we built? Why? Benefits How hard was it? Do we like eEndorsements? What next?

  14. Atrium’s ePlacing Software Solution Gateway Lloyd’s Exchange MMT MMT kept as a backup. Message Poller DMS U-Manager Workflow db Other Workflows Routing Risk Screen MMT In-Box Underwriting System Lookup Underwriter from Policy Ref or UMR Third Party System Atrium System 14

  15. In-Box 15

  16. Message Detail Screen  Link to Underwriting screen & Slip 16

  17. Reply Screen 17

  18. Message Allocation 18

  19. Send for Entry Workflow 19

  20. Atrium’s ePlacing Software Solution Gateway Lloyd’s Exchange MMT MMT kept as a backup. Message Poller DMS U-Manager Workflow db Other Workflows Routing Risk Screen MMT In-Box Underwriting System Lookup Underwriter from Policy Ref or UMR Third Party System Atrium System 20

  21. Why did we do it? 21 Needed to integrate to get buy-in Fits Atrium’s Hub and Spoke Strategy Wanted a Fast and Flexible Solution

  22. Benefits of our Approach 22 One In-Box Single Click Fully Integrated (as far as we can) Flexibility – very quick to build & alter Easy Management Information

  23. How hard was it? 23 Spec kept changing – GUA Rules !! Breaking new ground for us – Acord messaging Easy to slot into our existing environment Est 20 days development Credit to Web Connectivity

  24. Do we like eEndorsements? 24 • Honestly • Not a lot • Process is too clinical - Silent Broke • Not suitable for Negotiation • “Back dating is a real pain” • But • Saves time on simple Requests & Notices • Cuts down processing costs – scanning etc

  25. What next for Atrium? 25 Link to Peer Review Merge Word Documents Open up Underwriting System for updates Merge our MMT with Web Conn’s Build Mobile app ?

  26. Future 26 Improved Communication / Negotiation Other Classes / Message Types Mobility Collaboration ?

  27. 27

More Related