With Market Reform Office Market Reform Forum Whats new this month? Rüschlikon Initiative Christopher Croft, MRO Peter Arbenz, Swiss Re; Andrew Muir, SWIFT.

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Presentation transcript:

With Market Reform Office Market Reform Forum Whats new this month? Rüschlikon Initiative Christopher Croft, MRO Peter Arbenz, Swiss Re; Andrew Muir, SWIFT 2 nd October 2008 Market Reform Office

Market Reform 2008 Market Reform Office Update across the reform agenda IMR Agreement Placing Endorsements Finish what we started A&S Other news

Market Reform 2008 Market Reform Office IMR Agreement Signed, sealed and delivered In force as of 1 st October Phase 1 upgrade to go ahead weekend 5 th /6 th October AAC to hold inaugural meeting

Market Reform 2008 Market Reform Office Finish what we started MRG developing comprehensive plan Key focus –getting to 100% ECF (ie no scope) including legacy claims –E-Accounting Co-ordinated with Xchanging for delivery Co-ordinated with other key workstreams (eg Lloyds Information project)

Market Reform 2008 Market Reform Office e-Placing Continued work to develop business and messaging standards Updates to ACORD Placement Implementation Guide Lloyds Exchange – winner to be selected

Market Reform 2008 Market Reform Office E-MRCE Target – 3,000 broker submissions in September

Market Reform 2008 Market Reform Office E-MRCE Need data by 15 th October for September business MRG 30 th October to discuss new targets Upgraded contacts directory nearly ready Growth of to message translation solutions

Market Reform 2008 Market Reform Office A&S Delinking anonymised league tables with brokers Release 5 in November Push towards 100% AP/RP continuing

Market Reform 2008 Market Reform Office Other news ECF MI reports coming ECF Release 7b in November 50% policies signed electronically in August. Broker specific data on its way Legacy – FSA update end October FSA – still very interested MRG considering next wave ideas

Market Reform 2008 Market Reform Office Questions?