Keeping track of policy wordings—what’s new, what’s approved, and what’s no longer in use—can be an endless and taxing endeavour. How do you get the wordings you need organised in one place?
You know that all the terms and conditions of an insurance contract—including policy wordings—need to be certain before policy inception. How do you achieve contract certainty?
Use the LWR to obtain wordings and clauses regularly used within the London market, such as those from the Lloyd’s Market Association.
Easily find policy wordings or clauses by conducting simple and enhanced searches with advanced filters and export capabilities.
With a few clicks, the Lloyd’s Wordings Repository lets you view and download the wordings and clauses you need.
Access a policy wording or clause by entering as little as a partial reference number. Or search by market, class of business, jurisdiction, or language. Simply enter the text, title, or effective date to find the wording or clause you want.
The appropriate Lloyd’s Market Association (LMA) committees review each submitted wording or clause. When the process is complete, you can be sure your wording is in current use, distinct from other wordings, and properly vetted and approved.
You can easily submit new wordings and track them through uploading and approval. You can also save wordings and clauses for reference or choose automatic email notifications of wordings newly added to, archived within, or removed from the repository.
The repository offers DRI functionality to ACORD standards. That means you can search for and download wordings from the Lloyd’s Wordings Repository directly to your own systems.
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