ipf3 Rate Monitor
Increasing regulatory demands require Managing Agents to react quickly to changing regulatory requirements, such as the new Performance Measurement Data (PMD) initiative being introduced by Lloyd’s.
PMD, due to replace PIM in April 2009, has been designed to provide the Franchise Performance Directorate with increased visibility of a Managing Agent’s underwriting activity in a timelier manner, in order to understand better the underwriting conditions across the market.
Astute Managing Agents are harnessing the power of technology to manage this new requirement and free up underwriting and actuarial teams to focus on achieving strategic goals, rather than being tied up with clerical tasks.
ROOM Solutions presents to the market ipf³ Rate Monitor, a comprehensive solution that enables Managing Agents to ready themselves for the impending reporting requirements. Whether you require a set Lloyd’s compliant reports, or a full premium data capture solution – with or without the reporting functionality – we have the solution to make you PMD-ready.
ipf³ is our pioneering insurance processing platform, combining unparalleled technical flexibility with the robustness of our market experience. ipf³ Rate Monitor is delivered as a component over our ipf³ framework, sitting on top of your existing applications rather than replacing them.
To find out more about ipf³ Rate Monitor, please click here.
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