Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018
Streamlined London market claims model goes live
- 1 February 2018
A new single claims agreement model for non-complex claims has launched today in the London market after receiving final approval from major insurance trade bodies.
Under the new claims structure policy leaders across the London market will be able to authorise claims up to £250,000 ($354,358) on behalf of the following carriers.
The single claims agreement is designed to speed up the resolution of claims and the time it takes for insureds receive restitution.
Current rules at Lloyd's mean following...
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