Menu

CDR Treaty Consultation

Consultation on changes proposed to the CDR to enable Treaty

The purpose of this consultation is to validate a series of changes proposed to the Core Data Record to accommodate Treaty business by adding the necessary data points. The current scope of the CDR is open market insurance and facultative reinsurance.

The changes have been proposed by a cross-market Working Group of Treaty experts run by the London Market Group’s Data Council including market associations, brokers, carriers and service vendors.

This consultation is being undertaken on behalf of the Data Council. It is focused on ensuring the changes proposed are validated by other treaty specialists, and activities include presentations to existing panels and focused sessions. Participation in preparatory virtual sessions will be organised via the market associations: IUA, LIIBA and LMA. Date of confirmed sessions are listed below. Please contact CDR@lloyds.com if you wish to get involved.

Participants are requested to review and evaluate the proposed changes and to complete and return the questionnaire to CDR@lloyds.com by 9 December 2024.

Timeline of event

  • 24th Oct – IUA kick off meeting for CDR Treaty Consultation
  • 13th Nov – LIIBA and Broker Engagement Session
  • 19th Nov – LMA International Casualty Reinsurance Business Panel
  • 27th Nov – LMA Property Reinsurance Business Panel
  • 3rd Dec – LMA North American Casualty Reinsurance Business Panel
  • 3rd Dec – LMA Joint Marine Insurance Committee

Disclaimer

These changes have been proposed based on information available as at October 2024 and are drafts for review only. We are currently only seeking opinions on the proposed CDR fields for Treaty. A date for usage will be published following review of the consultation feedback.

Further details of the existing CDR

Further details of the Core Data Record can be found on the LIMOSS Market Business Glossary and Core Data Record - Lloyd's (lloyds.com)

Contacting us about the consultation

If you have any questions on the consultation, please contact the team on: CDR@lloyds.com

Consultation Materials

Please read the introductory pack first before familiarising yourself with the consultation questions and the supporting material below.

Introductory Pack - click here
This pack provides the background to the consultation and a high level view of the fields being consulted on.

Treaty consultation feedback form - click here
This spreadsheet details the instructions on how to provide feedback as well as the detailed data items that are to be reviewed.