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Delinking
separates the submission of premium closing information
to Xchanging from the instruction to settle the
transaction. The Market Reform Group (MRG) has
agreed that by the end of 2008 delinking should
be used for 100% of original and additional premiums
for direct insurance, facultative reinsurance
and excess of loss reinsurance, unless they are
specified as either optional or out of scope in
the Delinking User Guide. Furthermore brokers
should aim to submit delinked accounts within
20 days of inception, or in the case of late placements,
within 20 days of the last line being written.
To assist brokers with their take up of delinking,
LMBC will provide monthly league tables to brokers
showing the percentage of transactions their organisation
has delinked. Brokers are also provided with a
detailed report showing whether each risk processed
via Xchanging was delinked. For more information
please contact Mark
Barwick or telephone 0207 397 0207.
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Updated
"Delinking User Guide October 2008
Delinking
PowerPoint Presentation April 2007
Delinking
Usage - anonymised broker graphs, September 2008
Xchanging
factsheets for broker delinking reports
Christopher
Croft provides content for this page
Page
last updated on
30.09.08
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