The London Market Group’s Data Council has opened a 12-week consultation on extending the Core Data Record to cover claims, marking the next stage in efforts to strengthen and standardise market data. Market participants will be able to review the proposed structure and fields, with briefing sessions to be arranged through the IUA, LIIBA and the LMA.

The extension would take the CDR beyond its current focus on placement and into claims handling and settlement, aiming to draw placement and claims data closer together. The move builds on the open market CDR introduced in 2023 and anticipates the treaty CDR due in January 2026. Further development work for delegated authority business is planned later in 2026.

Joe Brace, member of the Data Council and operations director of the Lloyd’s Market Association, said: “The extension of the CDR into claims is an important milestone that brings placement and claims data a step closer together, allowing insurers and brokers to understand more clearly the links between risks underwritten and claims made. My thanks go to the CDR Claims Working Group, the Lloyd’s and LIMOSS representatives, Steve Flood from Beazley, and Kirstin Duffield representing the LMA for their work in bringing this together.

“I encourage all claims leads in the market to get involved and give feedback to help finalise this extension to the CDR. Those interested in participating in the consultation or understanding more on how to apply CDR standards within their organisation should contact their relevant association for more information.”

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