At this market briefing we welcome guest speakers of the PRR Working Group for an overview of the LMG Data Council’s consultation, what’s needed from your organisation and how to submit your feedback.

Description

In December 2021, The London Market Group announced the creation of its Data Council, whose purpose is to drive the digitisation of the London Market through a commitment to using standardised and high-quality data between all market participants and their clients.

The LMG Data Council has now put together some suggested recommendations for what the new processes, roles and responsibilities could look like within the target-state data/digital journey.

The LMG Data Council is now running a consultation process to sense check the recommendations against the business outcomes required by the market, as well as understand if the processes will address previously identified pain points and opportunities for increased operating effectiveness and efficiency.

About the consultation

The consultation will run from 2 February until 3 March. It is advised that one individual should act as single point of contact for their organisation and will be responsible for completing and submitting the questionnaire. All market participants are encouraged to provide their input, and we encourage feedback from all relevant functions within the organisation. For further information please click here.

Speakers

• Kim Darrington, Senior Executive, Market Modernisation, IUA
• Wasim Mohammad, Lead Business Architect and PRR Workstream Lead, Lloyd’s
• Freddie Altman, Service Design Lead, Lloyd’s and consultant at Deloitte