lloyd’s of london / asociación de aseguradores de chile bilateral agreements london, october 14...
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Lloyd’s of London / Asociación de Aseguradores de ChileBilateral Agreements
London, October 14th, 2014
Eduardo A. CouyoumdjianAsociación 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 MoUHighlights
On September 11th 2013 a Memorandum of Understanding between Lloyd’s and the AACH was signed. Its main objectives are:
Promote Exchange of Business
Initiate Possible Joint Projects
FacilitateCommunication
Address Concerns
Joint Working CommissionAgreements
MOU Bilateral Working Group
Information Exchange
Coverage & Clauses
Cooperation & Concerns
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
Joint Working CommissionAgreementsUpon 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
Adapt Clauses to Chilean Regulation Claims Control Clause Claims Cooperation Clause Other TBD
Claims Interpretation Coverage Interpretation Knowledge of Coverage Education
Coverage & Clauses
Cooperation & Concerns
Lloyd’s of London / Asociación de Aseguradores de ChileBilateral Agreements
London, October 14th, 2014
Eduardo A. CouyoumdjianAsociación de Aseguradores de Chile