Delivering Market Reform   
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The Market Reform Programme consists of a number of projects sponsored by MRG designed at increasing efficiency in placing business; in processing claims ; and in settling accounts. MRG provides the overall governance. The delivery of each of the projects is devolved to teams led by individuals from a number of areas:

• from MRO – who led the contract certainty work and are the guardians of the placing document standard - the Market Reform Contract;
• from Lloyd’s – who are leading on the Electronic Claims Files, the use of the Accounting and Settlement repository, the production of electronic policy documentation and co-leading the work to reduce the volume of legacy policies where evidence of cover has not been issued;
• from the associations – LMA are leading the work on electronic placing; LMBC are leading the work to increase the use of delinking; IUA are co-leading the work to reduce the volume of legacy policies where evidence of cover has not been issued; and
• from the firms themselves – Willis are leading on the endorsement project and Guy Carpenter are picking up the baton on defining ACORD technical and financial account messages. 
   

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