Resources and Documentation - Standards in the London Market  
 
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The Market Reform vision and workplan make clear that adoption of standards in the implementation of reform is fundamental to success. However, in order to realise this success the way standards are used is important:

• standards covering different aspects (e.g. messaging, processes and documents) must join up; and
• the way the same or related standards are implemented across different initiatives must be consistent.
  

Consistent standards implementation will ensure that complimentary projects within the reform programme will deliver coherent outputs.

Where large-scale central design and delivery of systems is undertaken to reform processes there is a good chance that standards will be implemented consistently. However, where delivery of smaller, interrelated reform projects is devolved to a number of different groups, the risk of inconsistency across initiatives increases.

The Standards Strategy being adopted at present is:

• to focus on individual initiatives and to deal with inconsistencies across initiatives, or issues exposed, on a case by case basis;
• to continue active liaison with ACORD and participate in ACORD working groups; and
• to document and communicate high level process maps for Placing, Claims and A&S.
  

Monitoring of pilot initiatives will also cover what standards aspects need documenting ahead of market roll-out where appropriate.

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