Lloyd's Market & Terminology
Guides to the Lloyd's of London insurance market for IT, operations, and business analyst teams new to Lloyd's.
Introduction to Lloyd's of London
A comprehensive guide to the Lloyd's insurance market for IT, operations, and business analyst teams. Covers market structure, key players, how business flows through the market, and why Lloyd's works the way it does.
The Underwriting Lifecycle
How insurance policies move from initial submission through to expiry in the Lloyd's market. Covers the full lifecycle for Open Market, Binder, and Declarations business.
The Claims Lifecycle
How insurance claims are handled in the Lloyd's market, from first notification through to settlement or closure. Covers open market claims, delegated authority claims, and how C2MS tracks the process.
Key Concepts
Essential Lloyd's market concepts explained for technical teams: Year of Account, risk codes, location splits, SBF classes of business, premium settlement, the MRC, and contract certainty.
Glossary of Terms
A comprehensive A-Z glossary of Lloyd's of London insurance and reinsurance terminology. Quick reference for IT, operations, and business analyst teams.