A program to review recent actions by U.S. carriers and the London market concerning technology issues has been added to the schedule of the 2012 NAPSLO Annual Convention in Atlanta.
The session, Current Technology Issues: Bringing Carriers into the Mix, will take place on Tuesday, October 9 from 8:30 a.m. to 9:30 a.m. and will include Adam Stafford, Head of Electronic Distribution for Lloyd's; Tammie Miller, Risk Placement Services Director of Automation and Chair of the E&S Joint Working Group London Subgroup; and Greg Ricker, Strickland Insurance Group CIO and Co-Chair of the Joint Working Groups Carrier Subgroup.
The program will review proof-of-concepts demonstrating the goal of transferring data from retailers to managing general agents/brokers and to carriers. Panelists will also review the information requested by London brokers and syndicates on binding business and the efforts by the London subgroup to work with U.S. MGAs and brokers to supply the requested information. In addition, recent actions on technology issues in the London market will be discussed.
The panel will also review actions by the E&S Joint Working Group. The Working Group's carrier subgroup has been working with ACORD and the vendor community to create a common messaging solution.
The London subgroup has focused on communications and standards between MGAs and the London market and is making great strides in workflow efficiency and reporting. Current activities include understanding risk modeling and the data required for analysis, rolling out the newly developed XML bordereaux standard, working towards a claim standard that has been submitted and seeking approval, and helping develop standards around reporting risk data.