Chaucer Group Implements ViClarity's Lloyd's Minimum Standards Compliance Solution
April 22, 2021
Chaucer Group, a leading specialty (re)insurance group, announced that they have partnered with ViClarity to implement their Lloyd's Minimum Standards (LMS) compliance solution.
The deployment of ViClarity’s LMS compliance solution will create efficiencies by automating the collection and collation of compliance evidence allowing Chaucer to see compliance results in real time across the group. ViClarity’s reporting suite will then be used to instantly produce reports that the regulators require on an ongoing basis.
Commenting on the news, Michael Shaw, Head of Enterprise Risk Management at Chaucer Group said:
“We are looking forward to working with the ViClarity team to automate our attestation to the Lloyd's Minimum Standards. The process can be very time consuming and by utilizing the ViClarity platform we look forward to spending less time trying to gather and collate data and more time analyzing results."
Donal Lawlor, Head of Sales at ViClarity also commented on the development:
“We are delighted to welcome a partner such as Chaucer to our growing client base. We continue to see an acceleration toward risk and compliance automation across both the Lloyd's and wider insurance market. We look forward to working closely with Mike and the Chaucer team."
Learn more about Chaucer here.