Structured Data Capture now live for all classes of business

Structured Data Capture now live for all classes of business

18th December 2017 - The London Market Group (LMG) is pleased to announce that phase 1 of Structured Data Capture (SDC) is now complete and live. SDC is one of the core solutions in the London Market Target Operating Model (LM TOM).

The release now gives carriers access to Market Reform Contracts (MRCs) for all classes of business including Treaty Reinsurance, Aviation and Energy. The release also includes some additional capabilities for multi-section MRCs.

Michael Gould, COO of Talbot Underwriting and project sponsor commented:

“This release is an important milestone, completing the delivery of the original project scope. We are seeing great market support for the project; 30 managing agents have signed market user agreements and another 20 are due to sign in January. Moving into 2018 we will start to see carriers being able to ingest electronic data into their own systems dramatically reducing the need for data entry, saving time and money. It is also extremely encouraging to see data quality levels from the SDC service in excess of 99% accuracy.”

SDC enables data from policy wordings to be entered only once and then re-used many times. It also allows data to be passed from one TOM solution to another through the value chain.

Latest Content

First PPL adoption table published as strong performance continues

The Board of PPL today released the market wide data for risks placed electronically during the third quarter of 2018. Read more here

Contract signed for next wave of delegated authority tools

Press Release

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

Keep in Touch

Get event updates sent to your inbox