Market Reform

The IUA has always played a leading role in efforts to improve the efficiency of business processes in the London Market. It currently operates a Market Reform Implementation Steering Group, a Market Reform Project Manager Network and an Electronic Claims File Implementation Group to support members in this area. The IUA is also well represented on various cross-market bodies, including the Market Reform Group.

 

The Market Reform Contact Network is a group of individuals with various roles within member firms, but all with some involvement or responsibility for various aspects of market reform. They have agreed to share their contact details and experiences with each other through informal networking, which the IUA facilitates by organising roundtable sessions every six weeks or so. The MRCN is often asked to provide input to help shape initiatives that are in their formative stages of development. If you would like to join the group please contact John Hobbs via the link below.

 

IUA Contact:    John Hobbs

 

For further information on all aspects of market reform visit the Market Reform Programme Office at www.marketreform.co.uk.

 

Details of the IUA’s work on Contract Certainty prior to August 2008 can be found here.

Details of the IUA’s work on Electronic Claims prior to August 2008 can be found here.

Details of the IUA’s work on Accounting and Settlement prior to August 2008 can be found here.

 


News
new 8.9.10: ACORD Endorsements Pilot – Live Launch Briefing
8 September 2010
Circular 087/10: A briefing on Tuesday 28th September for Marine Brokers and Underwriters involved in the Endorsements Pilot.
16.8.10: Use of ACORD Messaging to Transact Endorsements
16 August 2010
Circular 082/10: A further progress update for general information and review and action by key contacts.
21.7.10: Summary of Late Settlement Reports
21 July 2010
Circular 070/10: The June 2010 monthly reports of broker premium payment performance through Xchanging.
12.5.10: Summary of Late Settlement Reports
12 May 2010
Circular 046/10: The April 2010 monthly reports of broker premium payment performance through Xchanging.
5.5.10: Use of ACORD Messaging to Transact Endorsements
5 May 2010
Circular 045/10: A further progress update for general information and review and action by key contacts.

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Documents
Legacy Reduction Graph
7 January 2009
Statistics showing progress in the reduction of the company market's outstanding legacy position.
ECF Usage Report
19 August 2008
Statistics showing use of Electronic Claims Files in the London company market.
MRISG - Composition
19 August 2008
Members of the Market Reform Implementation Steering Group
MRISG - Terms of Reference
19 August 2008
Terms of Reference for the Market Reform Implementation Steering Group