News

Target Operating Model launches tools to make access to solutions easier

Target Operating Model launches tools to make access to solutions easier

10th September 2018 – The London Market Group (LMG) announced the launch of three new tools that will help market users of the London Market Target Operating Model (LM TOM) access solutions more easily and securely exchange all types of data.

Shirine Khoury-Haq, sponsor of the TOM and COO of Lloyd’s said “We know that integrating LMTOM solutions with the IT systems of market firms plays a crucial role in increasing the adoption of different parts of the TOM. This is why the launch of these new tools is a significant step forward and a systemic shift in the way that the London Market accesses, shares and integrates data. By employing the different tools, users can achieve great genuine efficiencies and move closer to straight through processing.”

The three tools going live include:

  • Single-Sign On – users will be able to access LM Solutions with a single username and password users, often the same one as they use for their workplace systems.
  • API Gateway – an easy way for firms to integrate LM TOM and 3rd party services in their own back office IT systems, helping firms to adopt new solutions quickly and efficiently.
  • Secure Data Exchange – allows files of any type up to 1GB in size to be encrypted and sent securely between organisations.

These tools are the first set of Common Services which will be a pre-requisite of use for all new solutions starting with DA SATS in Q3 2018 and for existing LM TOM services thereafter.

ENDS

For more information please contact:

Caroline Wagstaff, Luther Pendragon  |  Tel: 020 7618 9158

Latest Content

London Market updates vision and workstreams for the next stage of development

Full Release

PPL - Q4 2018 data significantly exceed targets

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

London Insurance Life celebrates its second anniversary

It is two years since the LMG launched the London Insurance Life (@LIL) talent attraction campaign. Read more here

Think Tank launched to assess challenges to the London Market workforce

Press Release

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

Keep in Touch

Get event updates sent to your inbox