Lloyd’s of London / Asociación de Aseguradores de Chile

Bilateral Agreements London, October 14 th , 2014 Eduardo A. Couyoumdjian Asociación 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 MoU Highlights On September 11 th 2013 a Memorandum of Understanding between Lloyd’s and the AACH was signed. Its main objectives are: Promote Exchange of Business Address Concerns Facilitate Communication Initiate Possible Joint Projects

Joint Working Commission Agreements 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 Information Exchange MOU Bilateral Working Group Coverage & Clauses Cooperation & Concerns

Joint Working Commission Agreements Upon 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 Coverage & Clauses Cooperation & Concerns     Adapt Clauses to Chilean Regulation Claims Control Clause Claims Cooperation Clause Other TBD     Claims Interpretation Coverage Interpretation Knowledge of Coverage Education

Lloyd’s of London / Asociación de Aseguradores de Chile

Bilateral Agreements London, October 14 th , 2014 Eduardo A. Couyoumdjian Asociación de Aseguradores de Chile