FCP is one of the key milestones for the Future at Lloyd’s Blueprint Two programme, which is digitalising the Lloyd’s market to make it better, faster, and cheaper. FCP gives managing agents (MAs) greater flexibility in their capital management and provides all participants with real-time visibility over claims payments, as well as a reduction in associated account and transactions fees.
GEMINI is a digital platform and settlement service. It is designed to streamline the management of claims experts across the London Insurance Market.
GEMINI provides a centralised solution for handling the registration, due diligence, appointment, invoice authorisation, and payment of claims expert fees. By integrating with Market Writeback systems and Billing Vendors, GEMINI automates and simplifies processes, improving efficiency, transparency, and governance for carriers, and claims experts.
There are currently 39 Live Carriers using GEMINI.