London market Core Data Record and digital transactions
LMG expanded the CDR to FNOL, delegated authority and pre-bind data; machine-readable shared data can underpin insurer-to-agent interactions.
Executive question
What records are standardized and which actions still need APIs, authorization and execution?
What to measure
- CDR completeness in market messages
- Placement/claim reconciliation
- Exception handling
- Proven standards adoption
Relevant products and standards
ACORD's insurance data standards, including P&C (XML, AL3) and Global Reinsurance & Large Commercial (XML, JSON), covering placing, policy, claims and settlement data.
The London market's standard data set from the London Market Group Data Council, now covering pre-bind through to claims. Its data elements sit within ACORD GRLC standards. A data standard, not a personal-agent protocol.
An AI-assisted platform for Marsh's brokers in the London insurance market that helps match and send placement requests, negotiate terms and bind contracts. Brokers approve every placement.
Relevant examples, not documented integrations, completeness, certification or endorsement. Listed alphabetically.
Evidence and current limits
Strategic pathway; not an observed market-wide adoption rate.
Draft analysis, under editorial review.