Contract inked for wider Lloyd’s adoption of fast DA claims payments service
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Contract inked for wider Lloyd’s adoption of fast DA claims payments service

Marcel Le Gouais
23 September 2022
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LIMOSS and Vitesse, supported by Lloyd’s and the Lloyd’s Market Association (LMA), have signed a central contract for wider delivery of the faster claims payment (FCP) service – a new central market solution that is part of the modernisation reforms at Lloyd’s.

FCP has been designed as a transformative solution to allow delegated claims administrators (DCAs) for Lloyd’s binding authority business to make payments on request, drawing on managing agent funds directly.

The

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Topics

NewsLloyd'sOperations/techMGAs/MGUs
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Marcel Le Gouais
Deputy Editor
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