Tuesday, June 08, 2010

Lloyd's Joins Retail Agent - E&S Initiative; Webinar Set to Present Data Exchange Initiatives

The Retail Agent E&S Initiative (a collaboration of the IIABA's Agents Council for Technology, AAMGA, NAPSLO and ACORD) announced that Lloyd’s of London has joined the group and that a free webinar has been set for July 13 to review its proposals to standardize data collection from MGAs.

“We are pleased to add Lloyd’s to the list of U.S. retail agents, brokers, MGAs, carriers and vendors currently involved in the process,” says Angelyn Treutel, Retail Agent E&S Initiative co-chair and vice president of the Treutel Insurance Agency in Bay Saint Louis, Miss. “Our goal has been to ensure that all components of the transaction are involved in our discussions and Lloyd’s joining the process helps us meet that goal.”

Lloyd’s will be coordinating efforts to improve the efficiency of electronically transferring data from MGAs in the U.S. to the London market.

“North America is an important component of business for the London market and Lloyd’s is working on improving the electronic transaction of data on both binding and open market business, and thus believes it is important to be part of this joint industry group,” says Adam Stafford, senior project manager of Lloyd’s market operations.

The Retail Agent E&S Initiative also announced that it will sponsor the following free webinar in which Lloyd's would present its current proposals to standardize data collection from its MGAs in the U.S.

TITLE: “Lloyd’s of London US Distribution Initiatives – Standards and Technology”
AUDIENCE: MGAs, wholesalers, retail agents, carriers & vendors participating in the E&S program and broker markets
PARTICIPANTS: Adam Stafford and Sarah Thacker, Lloyd’s of London; Mike Roy, CRC Insurance—Alabama; Angelyn Treutel, Treutel Insurance Agency; John Deibler, JBD Consulting; Jeff Yates, ACT
DATE: July 13, 2010
TIME:11:00 a.m. – 12:00 p.m. EDT
REGISTRATION: Go to https://www1.gotomeeting.com/register/234333792

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