The London Market Group’s data council has opened a consultation to examine the requirements of core data records for delegated authority business. It will examine the structure and fields of the records and will run until 19th June.

The Lloyd’s Market Association, the International Underwriting Association and the London and International Insurance Brokers’ Association will all be holding briefing sessions on the consultation, which can be accessed online at the LIMOSS website. London Insurance Market Operations and Strategic Sourcing is non-profit service management firm owned by the LMA, the IUA and Lloyd's.

Joe Brace, member of the data council and operations director of the LMA, said: “The extension of the CDR into delegated authority is the final piece of the CDR jigsaw for the market. When implemented it will move us towards a space where all London Market businesses can work on a clear overall CDR framework, which is a huge step forward for both insurers and brokers.

“The work on the DA CDR is in lockstep with the development of the computable binding authority agreement which will extend the concept of a consistent data set for the market even further with the DA CDR being a sub-set of the full CBAA data model.”