A

1
AS Repository update

• 31st MAY 2007
• NIGEL ROBERTS

2
AS Repository overview

• The process by which premium and claim payment
  amounts are accounted and settled between brokers
  and underwriters
• The goal of the work stream is to allow all AS
  documentation and data to be submitted and
  exchanged electronically
• We have achieved
• Delivery of electronic infrastructure to support
  the efficient processing of Lloyds premium (LIVE
  SINCE SEPTEMBER 2006)
• Currently servicing between 15 and 20 of XIS
  daily volumes as at end of May.
• Published a strategic design for the adoption of
  international standards

3
Take Up

• Accounting Settlement
• 42 brokers and Service companies live and in a
  position submit closings electronically
• 3 Entities due in week beginning 29/5/07
• Volumes of submissions being received
  electronically 17

4
AS next steps

• Focus on ramp up of usage
• Broker implementation support in place, able to
  support rollout to all brokers in 2007.
• Work with market firms to embed as business as
  usual
• Enhance capabilities to encompass all business
  types
• Targeted for Q3 2007 to include more complicated
  business types e.g. proportional treaty
• Target areas for process improvement and feedback
  to market firms
• Support market firms pilots to deal directly
  with brokers
• Continue to improve measurement capabilities to
  monitor performance and quality

5
ECF Repository update

• 31st MAY 2007
• NIGEL ROBERTS

6
ECF overview

• Live since September 2006
• Phase 6 a Live on schedule 8th May, no reported
  problems.
• Phase 6b due live in mid August 07
• IUA companies due live from 1st July 2007.
• All Managing Agents signed up to the Repository
  Rules, 23 Managing Agents and 10 brokers
  actively using the ECF system
• 22 of all in scope claims are being submitted to
  the lead via ECF (as at 25th May)
• Broker rollout support now in place starting next
  phase of broker implementation in mid June.

7
ECF next steps

• Enhance ECF scope
• Phase 6b Due live August 07, bringing auto risk
  routing, all binders except co-lead.
• Phase 7 Currently being scoped
• IUA Live date 1st July 2007
• Embed electronic claims handling as business as
  usual
• With FPD review managing agents and brokers
  plans and processes
• Include electronic processes as part of FPD
  standards and monitoring
• Target all in scope new claims by the end of 2007
• FPD to improve measurement capabilities so that
  we can track throughput and service turnaround
  more accurately

8
ECF In Summary

• ECF is live and a reality for the London Market
• ECF is delivering up to a 40 reduction in
  settlement time
• Between 20-25 of daily in scope claims are being
  transacted via ECF
• Ramp up is increasing and broker rollout support
  is now in place for brokers wishing to implement
  in 2007.
• Dont get left behind!