Realising the London Market Tom Vision and Mission
LM TOM Solutions: what we are delivering today and Solutions proposed for the future
Current Phase: 2016 - 2019Show description of TOM solutions
Moving risk through the market
Risks are negotiated and placed both face to face and electronically, removing paper from the process and creating a digital information flow and audit trail.
Moving money through the system more efficiently
Transaction accounting is simplified and standardised, meaning brokers can use the same systems for London as other markets.
Making London capacity more attractive to coverholders
Audit and compliance will be streamlined and standardised, and data collected only once - creating consistency and simplicity for all parties.
Sharing information seamlessly by using the same language
Data will be defined once, used consistently and continuously improved so that LM TOM initiatives can be properly integrated across the market.
A key step towards straight through processing
Creates digital data to eliminate re-keying and duplication, freeing up time for higher value activities.