Lloyd's Franchise Performance requirements

Blem Information Management Ltd have this week released important new functionality in XLRAS, their reinsurance administration system, that meets the requirements of Lloyd’s Franchise Performance, as published on 4 June 2004. The requirement is for Syndicates to provide detailed information on their Reinsurance Programs that are in force on 30 June 2004.

The information is required in a prescribed form which XLRAS has been programmed to provide quickly and easily “on demand”. This new facility utilises information already maintained in XLRAS as well as additional fields to fully meet the requirement.

As the information required by Lloyd’s is subject to ongoing review, it is essential that systems within the scope of the requirements, deliver effective solutions in good time. XLRAS clients have comfort in knowing that Blem are proactive in this process.