Lloyd`s of London / Asociación de Aseguradores de Chile

Lloyd’s of London / Asociación
de Aseguradores de Chile
Bilateral Agreements
London, October 14th, 2014
Eduardo A. Couyoumdjian
Asociación de Aseguradores de Chile
The Chilean Association of Insurers
(AACH) is the voice of the local
industry.
It is a 115 year-old institution
representing 53 insurance companies
who account for 96% of Chile’s
Insurance Premiums
Agenda
 Lloyd’s of London/AACH – MoU Highlights
 Agreements & Next Steps
Lloyd’s of London / AACH MoU
Highlights
On September 11th 2013 a Memorandum of Understanding between Lloyd’s and
the AACH was signed. Its main objectives are:
Promote Exchange
of Business
Address Concerns
Facilitate
Communication
Initiate Possible Joint
Projects
Joint Working Commission
Agreements
To move forward & support the progress of activities carried out under the MoU,
AACh and Lloyd's agreed to establish a working group and carry the following
projects
Information Exchange
MOU
Bilateral
Working
Group
Coverage & Clauses
Cooperation & Concerns
Joint Working Commission
Agreements
Upon this Lloyd’s and the AACH have agreed on formal procedures and
recommendations for;
Information
Exchange
 AACH market information exchange
 News Report Update
 CAT Data Response
Coverage &
Clauses




Adapt Clauses to Chilean Regulation
Claims Control Clause
Claims Cooperation Clause
Other TBD
Cooperation &
Concerns




Claims Interpretation
Coverage Interpretation
Knowledge of Coverage
Education
Lloyd’s of London / Asociación
de Aseguradores de Chile
Bilateral Agreements
London, October 14th, 2014
Eduardo A. Couyoumdjian
Asociación de Aseguradores de Chile