Documentation & Infrastructure

SCAP

Single Claims Agreement Party (SCAP) was established as a collaborative cross-market initiative which seeks to streamline and simplify the London market claims agreement model for the benefit of our customers, and to improve and reinforce the attractiveness of the London market.

It is intended to promote a quick and efficient claims agreement process for cross-market, non-complex claims which have a value of £250,000 or below (or currency equivalent) arising from open market placements.

SCAP is a contractual arrangement which is achieved through the incorporation of a LMA model clause into the Market Reform Contract (MRC). SCAP provides for the delegation of sole claims handling responsibility for in-scope claims to the Slip Leader by the following insurers that have subscribed to the arrangements. For the purposes of SCAP the Slip Leader must be a UK authorised insurer or a Lloyd’s syndicate.

The adoption of SCAP is optional for both brokers and insurers, and the decision whether to follow SCAP is to be decided on a risk by risk basis.

Documents

SCAP Market Communication

Model Clause - LMA9150

SCAP Guidelines (Version 2.0 - September 2018)

Lloyd's Market Bulletin Y5157

The latest version of the MRC  (Open Market) Implementation Guide (Version 1.8) has been updated to support the implementation of SCAP and can be found within the Placing Documentation section of the website.

Latest Content

PPL completes the class roll out with treaty reinsurance go live

Press Release

Over 50% of the market signs up as new platform goes live, making London easier to access for coverholders

Full Press Release

Target Operating Model launches tools to make access to solutions easier

Press Release - here

LMG publishes 1st Half Year 2018 Report

See report

LONDON MARKET GROUP (LMG) IS PLEASED TO ANNOUNCE THE APPOINTMENT OF CLARE LEBECQ AS CEO

Full Press Release

Integro become 40th Broker to sign up to PPL

More

Chubb becomes first business to go live with an integrated Structured Data Capture service

Full story

Keep in Touch

Get event updates sent to your inbox