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The Market Reform Programme consists of a number
of projects sponsored by MRG designed at increasing
efficiency in placing business; in processing
claims ; and in settling accounts. MRG provides
the overall governance. The delivery of each of
the projects is devolved to teams led by individuals
from a number of areas:
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from MRO – who led the contract certainty
work and are the guardians of the placing document
standard - the Market Reform Contract;
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from Lloyd’s – who are leading on
the Electronic Claims Files, the use of the
Accounting and Settlement repository, the production
of electronic policy documentation and co-leading
the work to reduce the volume of legacy policies
where evidence of cover has not been issued;
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from the associations – LMA are leading
the work on electronic placing; LMBC are leading
the work to increase the use of delinking; IUA
are co-leading the work to reduce the volume
of legacy policies where evidence of cover has
not been issued; and
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from the firms themselves – Willis are
leading on the endorsement project and Guy Carpenter
are picking up the baton on defining ACORD technical
and financial account messages.
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Governance
Measurement
Co-ordination
& Reporting
Project
delivery
Key
Contacts
Christopher
Croft provides content for this page
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