New tools launched for Lloyd's coverholders

My previous blog highlighted the upcoming Coverholder Technology Forum which formed part of a very successful ‘coverholder week’ in late September. Over 200 delegates attended the Forum to learn more about the ways in which technology is helping make the coverholder distribution channel work smarter for all involved.

20 technology vendors showcased their solutions in a 'Vendor Carousel' in the Old Library before hosting stands in the Captain's Room to discuss their solutions with Managing Agents, Brokers and Coverholders from the all over the world (information is available on each of the vendors from paivi.autio@lloyds.com)

Other highlights included a Bluffer's Guide hosted by Peter Montanaro where the premier of the low-budget Oscar contender 'iPad Lad' was shown; and the 'Presenting the Vision' slot where Miller and Bell & Clements were joined by two of their coverholders, TAPCO and JimCor to show how they are already employing the 'vision' of sharing real time XML data on risks underwritten.

A great week, thanks to all those that attended!

Following the Coverholder Week, Lloyd’s has launched two initiatives in October to help our coverholders. The first is a new brand for Lloyd's coverholder that enables our 2100 coverholders to identify themselves as such and helps them promote their specific relationship with Lloyd's to clients through the use of a bespoke logo and title.

This is something that we've been putting in place over the summer in response to consistent feedback from coverholders that they found the previous guidelines confusing and that they would benefit from a coverholder specific logo and brand.

The other big deliverable in October was the Coverholder Toolkit. Through consultation with coverholders globally it has become clear that many find the Lloyd’s market confusing and were not working as effectively as they could through misunderstandings.

Many had questions that would be answered easily with simple online guidance. Through the summer we worked with brokers, managing agents and Xchanging to bring together all the information relevant to coverholders and create a toolkit of chapters that explain the key points and provide links to help navigate through the comprehensive information available to coverholders online.

Have a look via the link below and let us know what you think, we want make sure it is doing the job we set out to do so are keen to hear feedback, initial comments have been very encouraging.

Coverholder Toolkit

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