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  Project Information - Accounting and Settlement More Information
 

 

Accounting and Settlement covers the establishment and payment of all monetary amounts against insurance policies related to both premiums and claims.

The market reform objectives for 2008 in respect of A&S are:

  • Develop & Extend IMR use for all payments
  • Extend use of De-linking
  • Increase use of ACORD messaging for A&S submissions

Projects have been established to address these objectives:

Project Sponsor Project Manager Timescales Target More Info
A&S enhancement Sue Langley (Lloyd's) Adam Stafford (Lloyd's) Q1-Q4 Enhancmenets delivered More
A&S usage Nigel Roberts (Willis) Adam Stafford (Lloyd's) Q1-Q4

100% OP submissions Q1
100% AP/RP submissions Q4

More
Delinking David Hough (LMBC) Mark Barwick (LMBC) Q1 - Q3 100% use for in-scope transactions More
e-Accounting Nigel Roberts (Willis) Mark Barwick (LMBC) Q1-Q4 TBD More