Market Reform Forum 27 October 2005 Andy Brookes Steve Hulm Market Reform Programme Office.

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Presentation transcript:

Market Reform Forum 27 October 2005 Andy Brookes Steve Hulm Market Reform Programme Office

Market Reform Forum 27 October Objective: up to speed quickly…… Contract Certainty Todays special topic What else is available on CC Kinnect Back office electronic infrastructure Accounting and Settlement Electronic Claims Files

Market Reform Forum 27 October Contract certainty: communications Publications Slides, including for internal sponsors FAQs Detailed guidance, plus diagrams Mid-November, mid-December, early 2006 Communications Sessions for sponsors and project managers (Nov) Public Q+As (Nov/Dec) Plus Market Association sessions

Market Reform Forum 27 October Kinnect Kinnect live in North American Property and Terrorism. 19 customers live on platform Slip data and attachments flowing one way from brokers, Marsh and Willis, to underwriters currently in North American Property Next release due in Q Improved risk class delivery, including generic (data light) template Two way data transfer with underwriter response to broker submissions Platform development review continues with initial response from new supplier in consultancy role. Platform vision and scope being reviewed by Kinnect Operations Committee (Amlin, Beazley, Hiscox, Wellington, Marsh, Willis)

Market Reform Forum 27 October Accounting & Settlement MRG and A&S Project Board review. Result: three workstreams Measurement of process -Data eg on rejections; expect reports etc -XIS Accounting checks; end November Light step : scanned LPAN and slips into repository -MRG keen to proceed -XIS quote; being reviewed by A&S Board Reviewing how to achieve end vision -more efficient and flexible accounting and settlement processes achieved through the use of standard electronic messages in place of both paper and bespoke London messages

Market Reform Forum 27 October Electronic Claims File XIS development work Phase 1 and Phase 2 - Now live Phase 3 – (partial) DRI: Now live Phases 4.5/5.5 CLASS at Lloyds data through GUI/Seamless link Implementation 20+ partnerships operational (from 6 in May, 11 in August) Relatively low volumes (291 first advices) -testing out electronic infrastructure and developing procedures Replanning of delivery dates: mid-May (from January), then MAT More publicity coming your way: eg 1 November LMA session