UK regulators are increasing their focus around approaches to man-made risk exposure management. As part of this initiative relating to liability risk, Lloyd’s are requiring syndicates to report against six newly defined Lloyd’s liability scenarios, over two data collection periods in 2021.
Praedicat is assisting our clients by making this exercise straightforward and efficient. Our work with Lloyd’s to represent their scenarios in our software not only ensures that all of Lloyd’s requirements are met, but actually goes beyond what is required to help syndicates begin to build a robust forward-looking casualty emerging risk management framework.
Praedicat has developed an in-software solution that makes reporting on Lloyd’s six new liability scenarios easy. Our streamlined reporting process ensures that you not only meet all of Lloyd’s requirements quickly and efficiently, but go above and beyond to make the exercise compliant, business relevant, and actionable.
Take a closer look at how Praedicat can help your business use scenarios to manage liability risk and fulfill regulatory reporting requirements to Lloyd’s.
Click here to learn how our scenario platform makes reporting on Lloyd’s liability scenarios easy.
You can also learn how Praedicat helps the market respond to the latest “Dear CRO” letter and translate the PRA insights into appropriate business actions.
You can watch Lauren Restell, Praedicat’s Director, Ratings and Regulatory Affairs, explain our solution in the short video below.
Sign up to learn more about Praedicat’s Emerging Risk framework here.
Missed our webinars about emerging risks and COVID-19? Catch up by watching our Lloyd’s Lab Demo Day video where we discuss our D&O-GL cross-line clash COVID-19 scenarios. Then watch the first Carrier Management ExecTalk video featuring Praedicat, the Praedicat-Intelligent Insurer webinar on the future of risk management, and the Coffee with Bob series now!
Have questions? Get in touch with one of our Account Management team members.