Insurers - Consider how you can leverage the fields in the CDR for reconciliations.

If you do not currently hold the data, how will you capture it to complete the CDR?

Brokers - Identify whether you hold the data to populate the fields.

While work continues on the development of the Digital Gateway API for the technical specification that will unlock the full potential of the benefits of better, faster and cheaper processing, there are actions that market participants can take now. The broker will typically be responsible for capturing this data from the client and ensuring it is entered accurately into the MRC v3 and a placement platform. The CDR will be the irrefutable source of information that drives digital processing. What do market firms need to do with the updated CDR? We will make it crystal clear on where each data element is being utilised. This is to provide the utmost transparency on how all data will be used.

The CDR lays out how each data item will be used and which processes, validations, and checks each item will power. and your Account Service Team have prepared this proposal for the renewal of coverage for the City of. Lloyd’s will receive only required regulatory and supervisory information in line with data currently sent from the Bureau today. THIS BINDER IS A TEMPORARY INSURANCE CONTRACT, SUBJECT TO THE CONDITIONS SHOWN ON THE REVERSE SIDE OF THIS FORM. Where they are participants, brokers and (re)insurers will have access to the CDR information for their risks and sections.

All data will be processed and stored within the joint venture infrastructure, with the joint venture acting as the legal entity accountable as the data processor.

Acord conditional insurance binder