Market Business Glossary

Market Business Glossary

The Market Business Glossary is now live and available to all market participants. Release 1 of the capability focused on the reporting of premium and claims data for Coverholders, making the process more intuitive and efficient.

Release 2 delivered more content to users including:

  • reference data such as Class of Business, Risk Codes, Catastrophe Codes, etc. Further data sets will be published over the first half of 2018;
  • building on the existing standards for reporting property risks, standards for Coverholders reporting on other classes have been agreed. This joined-up approach by the London Market is expected to make it easier to provide better quality information and to automate systems and processes.

Release 2.1 of the Market Business Glossary includes data dashboards that provide insight into how data travel across the Market (creation, movement, format and uses) through the entire value chain. These are released in a Beta testing version to validate usefulness and gather feedback on how to develop them further for the benefit of the Market (See DI Data Dashboards for further information). A further dashboard now available in the Glossary shows the adoption and use of the Market Business Glossary solution itself.

Also included in release 2.1 is the Market Reform Contract (MRC) Data Dictionary, including a translation of MRC heading names to Structured Data Capture conversion rules. Additional mapping to ACORD standards will be available in an upcoming release of the Glossary.

Over time the Market Business Glossary will evolve with the inclusion of new features and data according to the London Market priorities.

You can register here to start using the Market Business Glossary. Once you have registered for the Market Business Glossary, please click here to access. 

To see a list of the Delegated Authority risk standards currently in the Market Business Glossary, click here.

 

Training Guides
Document date added

Demo Pack - Release 1.0

Download
28/07/17

USER GUIDE Coverholder Reporting Premium & Claims

Download
20/12/17

USER GUIDE Coverholder Reporting Risk

Download
20/12/17

USER GUIDE Reference Data

Download
20/12/17

USER GUIDE MRC & SDC Mapping

Download
16/03/18

USER GUIDE Data Dashboards – Reporting (Adoption)

Download
16/03/18
Frequently asked Questions
Document date added

DI FAQs_March 2018

Download
20/03/18
Useful links
Document date added

Terms of Use

Download
28/07/17

A modernised London Market - DI

Download
08/03/18

Communicating through Change

Download
05/04/18

A Modernised London Market brochure - for market practitioners

Download
13/04/18