Xchanging Secures Lloyd’s Claims Reporting Contract

November 8, 2012

Xchanging, the business process, procurement and technology services provider and integrator, announced that it has been awarded a contract to build the platform for the Lloyd’s Claims Reporting Suite (CRS).

Xchanging said it “will develop an environment which comprises 10 on-line dashboards which will provide Lloyd’s and managing agents with consistent, benchmarked, claims management information delivered against a market agreed set of key performance indicators.

“The dashboards will be compiled from a combination of data that is currently held in the Claims Data Warehouse and the market’s electronic claims platform, CLASS. The dashboards will be delivered in three tranches in March, April and May 2013.”

Geoff Kennard, Electronic Services Director at Xchanging commented: “We are delighted to be announcing this contract today and to continue working with the market in the delivery of sophisticated real time claims information. The level of detail that these dashboards are able to deliver will support Lloyd’s in their vision to be the global center for specialist insurance and reinsurance.”

Mike East, Head of Operations at Canopius and market sponsor of the project, added: “This is another important step in further improving how the Lloyd’s market manages claims. The Claims Reporting Suite will help make sure that the Lloyd’s market has access to information that is clearly defined and one version of the truth. This means we will have more of the information we need and, just as importantly, it will be there when we need it.”

Source: Xchanging

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