LMG Opens Final CDR Consultation as 2026 Deadline Looms; MGA Sector Faces Soft Market Pressures
Key Questions
What is the London Market Group consulting on with the Core Data Record (CDR)?
The London Market Group has opened its final consultation on the CDR for delegated authority, with a deadline of June 19. This aims to establish a unified data standard across the full risk lifecycle to improve electronic trading and operational efficiency.
How is the MGA sector responding to the shift to a soft market?
The MGA boom is transitioning into a soft market, where governance, data quality, and underwriting discipline are becoming key differentiators. Firms must now invest in data infrastructure following the end of Blueprint Two.
Why should market participants engage with the CDR consultation?
Engaging before the June 19 deadline allows participants to shape the future of digital distribution at Lloyd's. Alignment with CBAA and ACORD standards is already signaling progress toward broader industry standards.
The London Market Group has opened its final consultation on the Core Data Record (CDR) for delegated authority, with a June 19 deadline. This is a critical step toward a unified data standard across the full risk lifecycle, directly impacting electronic trading and operational efficiency. Alignment with CBAA and ACORD standards signals progress. Meanwhile, the MGA boom is transitioning to a soft market, with governance, data quality, and underwriting discipline becoming key differentiators. The end of Blueprint Two means individual firms must invest in data infrastructure. Market participants must engage before the deadline to shape the future of digital distribution at Lloyd's.