Mrg objectives 2007 assessment as set in december 2006
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MRG Objectives 2007: Assessment (as set in December 2006) PowerPoint PPT Presentation


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Consistently around 95%. . . . Testing underway. Low volumes. . . Halted. . Planning rollout. . In live use. MRG Objectives 2007: Assessment (as set in December 2006). Maintain aggregate and individual firm contract certainty performance above 90%. Placing. .

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MRG Objectives 2007: Assessment (as set in December 2006)

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Mrg objectives 2007 assessment as set in december 2006

Consistently around 95%

Testing underway

Low volumes

Halted

Planning rollout

In live use

MRG Objectives 2007: Assessment(as set in December 2006)

  • Maintain aggregate and individual firm contract certainty performance above 90%

Placing

  • Reduce mid-2006 Legacy numbers to 60% (Q2) and to 40% (Q4)

  • Updated Market Reform Contract (MRC) agreed & published (Q2) and adopted (Q4)

  • Phase 1 ACORD placing messages pilot successful (Q2); Phase 2 (Q4)

  • Progress market rollout of ACORD placing messages

  • Define & complete standardised submissions pilot

  • Define & complete standardised endorsements pilot

  • Define & complete electronic policy pilot


Mrg objectives 2007 assessment as set in december 20061

Take-up well behind target

Halted due to inadequate data

Non-bureau: volumes low Bureau: delayed, now live

Behind target

MRG Objectives 2007: Assessment (as set in December 2006)

Approx. 60% & increasing

  • Use of ECF/IMR for 100% of new claims

Claims

  • Use IMR for 80%+ of bureau LPAN submissions

A&S

  • Halve the 2006 Q4 query rate in respect of bureau submissions

  • Increase usage of de-linking from 40% to 80%

60%+ achieved

  • Define & complete ACORD A&S messaging pilot

  • Progress market rollout of ACORD A&S messages

  • Adopt measurement framework for MRG monitoring

Support

  • Develop standards strategy & agree with MRG


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