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| London Market Modernisation - Advisory, Change Design & Implementation |
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 Since 2005, the London Insurance Market has been focusing on modernising its practices and processes. A considerable amount of effort has been spent reviewing the London Market infrastructure and then planning how we can ensure that our Market stays the premiere centre of choice for insurance and reinsurance buyers around the world. Most people agree that London can't be complacent - we have to see the increasing use of information technology in other insurance markets, alongside our own bureaucratic processes, as a threat to our future.
Amethyst founder, Roger Oldham, has become a recognised and respected contributor to the modernisation agenda over a number of years and is regularly asked to appear as a guest speaker at leading insurance conferences at home and overseas. He has built up a leading reputation in the "Reform" arena and has a proven track record of driving through modernisation successfully in this industry. The next 24 months will see quite considerable change in our shared Market practices and processes. At Amethyst we work at the heart of the Market change programme, in consultation with the various trade associations, so you can be assured of the very latest guidance - we are happy to ensure that your views are heard at the appropriate forum.
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 Where is your firm in this change process?
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What impact will these changes have on your operating model and employees?
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How do you plan to train your employees?
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Have you got enough specialist internal resource to lead these change projects?
Amethyst can work with your business to support them in the transition, implementation and full adoption of these more efficient practices. We understand and indeed share the view that the London Market has some unique and highly beneficial practices, especially the face to face interaction between a broker and an underwriter.
There is often a misconception by practitioners that the modernisation process is about removing this face to face activity - this is not the case at all. Primarily the new processes involve providing modern technology to support this interface, which has all sorts of security and audit trail advantages, which are becoming essential in an increasingly regulated industry. These new processes allow for back office data to be exchanged electronically, thus reducing the mountains of paper and providing for simultaneous validation of content, which in turn facilitate straight through processing.
If you're not entirely clear of the change agenda over the next couple of years or how your firm is going to tackle this important activity ? Amethyst is one of the most informed and focused professional advisors in this specialist arena.
Call us today for a complimentary and confidential discussion - we are confident that we an add real value to your business and to the services you provide to your clients.
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| Contract Certainty |
Static claims |
| Electronic Claim File |
Straight through processing |
| Accounting & Settlement |
Electronic Placing Support |
| Company Market Electronic Settlement |
Electronic Endorsements |
| Trapped premiums |
Claims Transformation Project |
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