21st June Agenda

• 09:15 Arrival – Breakfast served• 09:30 Workshop Group Questions• 10.30 Networking

Control Framework

Control Framework Breakfast Group

Control Framework

Checkpoint Progress

Checkpoint 2: By end of Jan 2012 • Allocate Project Owner• Confirm Start Date

Checkpoint 3: By end Q2/2012• Assess Risks• Identify Controls and Gaps

Checkpoint 4: By end Q2/2012• Evidence remediation plan

Checkpoint 5: By end Q2/2012• Agree assurance to be shared

Question 1

Scoping. How did you determine what was “Service Company Business” with regard to Phase 1 of the Lloyd’s Control Framework Project at your organisation/s?

Control Framework

Workshop Questions

wholly owned by the group

capital provider?

YES

Not a “Service Company” under

Control Framework

NO

“Service Company” under

Control Framework

Risks processed

on an individual

basis?

YES

NO

Question 2

Who (which department/role) is responsible for regular reporting on progress of the Control Framework Project to the board? How often does this happen?

Why does this project need to be visible at board level?•Board sign off on the Control Framework is mandatory by June 2013•Internal audit required in order for sign off to occur?•Board authorisation and monitoring to allocate resource if required?

Control Framework

Workshop Questions

Question 3

How did you obtain project support for the Lloyd’s Control Framework at: a) Board level and b) a departmental level within your organisation/s? Which departments are represented on the Control Framework project team currently?

•Compliance•Tax•IT•Operations•Underwriting•Internal Audit

Control Framework

Workshop Questions

Question 4

In your experience, what were the best existing resources to assess whether your organisation/s meets the requirements within the Control Framework User Guide? Why?

• Underwriting Platform • Operating Manuals • Training logs• Risk Logs• MI reports• Past Audit Reports

Control Framework

Workshop Questions

Control Framework

Questions?