JMD offers a specialist suite of services based around premium collection, payment performance and related reporting. These services are designed for the Lloyd's Market, the International Underwriting...
JMD offers a specialist suite of services based around premium collection, payment performance and related reporting. These services are designed for the Lloyd's Market, the International Underwriting Association and composite insurers operating in the London Insurance Market. JMD has been selected as the Preferred Supplier of Credit Control Services for Lloyd's Managing Agents by the Lloyd's Market Association (‘LMA'). Services can be bought individually or as a package and address the following business critical areas: Premium Collection and Control – accelerating current premium collections, improving the settlement pattern on future premium income and providing clients with management information and insight to operate improved controls. Legacy / Trapped Premium Collection – identifying and stimulating the payment of premiums on legacy years of account that have not been collected. Binding Authority Management – facilitating effective bordereaux administration to achieve enhanced credit control and improved coverholder management and performance. Market Reporting – delivering a comprehensive set of monitoring reports that address the Key Performance Indicators (KPIs) for all premiums processed in the London market by Xchanging. Broker and Coverholder Performance Reporting – analysis of available financial and operational information on brokers and coverholders to help clients to assess credit risk and make informed decisions on business partners from performance data.