"The overriding goal is to make the lives of our MGA partners easier," he said, explaining that U.S. MGAs underwriting business in the United States on behalf of Lloyd's, known as U.S. coverholders, will be encouraged--but not required--to use new standards already in the works and set to be completed by the end of the year.

Mr. Stafford will be providing an update on current efforts to adopt ACORD data standards during a special presentation titled, "London Technology Update--Standardizing Data Transfer across the Pond." During today's 1 p.m. update, he will also discuss efforts to simplify and modernize the data transfer process through the use of a single messaging hub.

PROGRESS TO DATE
Updating NAPSLO Daily on progress of the London technology initiative during an August interview, Mr. Stafford explained that data sought by London underwriters from U.S. distribution partners falls into three categories--risk information, premium information and claims information.