Reporting standards

Coverholders and Delegated Claims Authorities have to report on risks, premiums and claims transacted under their contracts to Lloyd’s syndicates. This page includes various tools to assist with this reporting.

Coverholders are given authority to write risks on behalf of Lloyd’s Insurance Company via binding authority contracts.  For Lloyd’s Europe this authority will be given via Coverholder Appointment Agreement (CAA). Part of the contractual agreement is that the coverholder regularly reports risk, premium and claims information to the Lloyd’s syndicate.

Lloyd’s syndicates have agreed a core set of regulatory, tax, premium and claims information which applies to all coverholders and to TPAs/TCAs with claims authority. Lloyd’s Coverholder Reporting Standards provide details of these requirements.  The purpose of the standards is to make it easier to work with the Lloyd’s market by creating a consistent request for data from coverholders and TPAs/TCAs. The standards state the core set of regulatory, tax, premiums and claims information coverholders and TPAs/TCAs are required to report into the Lloyd’s market for all classes of business in all territories.

By using the Lloyd’s standards, all coverholders and TPAs/TCAs can be assured that they are meeting all Lloyd’s tax and regulatory requirements, and therefore it is strongly encouraged that all coverholders and  TPAs/TCAs adopt these standards.