1

Market Reform

What you need to do

February 2005

2

What you need to do Different projects, different action required Get information, get it to right place Who’s doing what: clarify responsibilities Plans, budgets and your IT programme

Your IT department or suppliers Who is responsible for the change programme?

What needs to change? (IT, processes) How can we get the benefits Training

Implementation Planning Rollout

Compliance checking and review

3

LMP Slips – your involvement

Check the Market Reports

How do my company perform re problem areas?

Do my Company action this and who is responsible?

League tables

How well do we do?

Do I need a PO feedback session?

4

Accounting and Settlement – your involvement

Business design document Who is responsible for digesting it and spelling out

implications? Do we understanding it? Who sponsors change?

IT preparation Who will digest technical info? Budget? (internal or third party)

Should we be bidding to be in convoy 1? If not, when?

5

Claims – your involvement

Does my Company have a strategy for implementing and using Repositories?

And CLASS if a Lloyd’s managing agent

What is our approach to other firms’ repositories?

Will we be able to handle 100% of new claims electronical in mid-06?

MRIB and Project Board are pushing for that, and committing their own firms

6

Contract Certainty and Documentation – your involvement

Do my Company understand the market proposals? Who has read the documentation? Who in a senior position owns the project? FSA

will want to know.

When can we become involved?

Set up an internal Steering Group Cross department issues

7

Market Reform

What you need to do

February 2005