Lloyd’s of London / Asociación de Aseguradores de Chile Bilateral Agreements London, October 14 th, 2014 Eduardo A. Couyoumdjian Asociación de Aseguradores.

Lloyd’s of London / Asociación de Aseguradores de ChileBilateral Agreements

London, October 14th, 2014

Eduardo A. CouyoumdjianAsociación de Aseguradores de Chile

The Chilean Association of Insurers (AACH) is the voice of the local

industry. It is a 115 year-old institution

representing 53 insurance companies who account for 96% of Chile’s

Insurance Premiums

Agenda

Lloyd’s of London/AACH – MoU Highlights

Agreements & Next Steps

Lloyd’s of London / AACH MoUHighlights

On September 11th 2013 a Memorandum of Understanding between Lloyd’s and the AACH was signed. Its main objectives are:

Promote Exchange of Business

Initiate Possible Joint Projects

FacilitateCommunication

Address Concerns

Joint Working CommissionAgreements

MOU Bilateral Working Group

Information Exchange

Coverage & Clauses

Cooperation & Concerns

To move forward & support the progress of activities carried out under the MoU, AACh and Lloyd's agreed to establish a working group and carry the following projects

Joint Working CommissionAgreementsUpon this Lloyd’s and the AACH have agreed on formal procedures and recommendations for;

Information Exchange

AACH market information exchange News Report Update CAT Data Response

Adapt Clauses to Chilean Regulation Claims Control Clause Claims Cooperation Clause Other TBD

Claims Interpretation Coverage Interpretation Knowledge of Coverage Education

Coverage & Clauses

Cooperation & Concerns

Lloyd’s of London / Asociación de Aseguradores de ChileBilateral Agreements

London, October 14th, 2014

Eduardo A. CouyoumdjianAsociación de Aseguradores de Chile