The latest news from LIMOSS
The London Insurance Market Operations and Strategic Sourcing (LIMOSS) sources and operates common Market Services for the London insurance market to deliver high quality service and value for money. LIMOSS already provides production oversight of service management for Market Services including DA SATS, SDC, TMEL and, on behalf of the LMA, DXC services. . For more information on LIMOSS click here.
Finance - LIMOSS is working with the market associations to develop the Market Service Funding Model for 2020 (the fees for all the Market Services).
Assurance - a comprehensive risk framework is in place for the management of in-scope Market Services. Firms should contact LIMOSS if they would like LIMOSS to work through the framework with their risk teams.
Sourcing - LIMOSS is managing the process for selecting the claims partner that will manage the Claims Programme, a focus of LM TOM Phase 2.
Change - LIMOSS’s main focus will be the post-LM TOM change agenda for the Delegated Authority Market Services when they are in run.
Technology & Service Management - LIMOSS’s service desk is due to be launched soon. This will provide a one-stop shop and escalation point for market firms on in-scope Market Services.