How to become a Lloyd's Registered Broker

how to become a insurance broker

Information and guidance on becoming a Lloyd's registered broker.

Guidance on Lloyd's broker registration requirements is available via the link shown below.

Registration process

One of the first steps in applying to become a Lloyd's Registered Broker will be for you to attend a meeting at Lloyd's before you submit a formal application. The meeting will give us the opportunity to learn more about your firm and your reasons for wanting to become a registered Lloyd's broker. It will also provide you with an opportunity to ask us any questions which may not be covered in the guide or information pack.

Please do not complete the application form at this stage. The form should

only be submitted to Lloyd's after the meeting has been held and we have discussed your application and explained our requirements to you.

In addition, you can also download the Xchanging required information pack which provides a structure to be used for the technical back office procedure manual describing how you will interface with Xchanging and a range of dummy test risks. Test risk documentation will need to be provided with your application for each of the classes of business you propose to place in the Lloyd's market.

Xchanging information pack

The information pack produced by Xchanging, who provide premium, policy and claims processing services to the London insurance market has also been reviewed.

Source: www.lloyds.com

Category: Forex

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