loading...
logo

Key Issues Covered

The committee addresses shifting global threats, including terrorism, SRCC and war-related exposures. It supports the market through the production of model wordings and helps to assess the evolving risk landscape.

SRCC input to new market EDS

The committee provides specialist input to Lloyd’s on SRCC coverage and contributes to the development of the new market Event Definition System (EDS), ensuring political violence risks are accurately captured, consistently classified and appropriately responded to across Lloyd’s reporting and oversight framework.

LMA Academy training programme

The LMA Academy’s Foundation for Underwriting Terrorism Insurance programme provides foundational knowledge for junior underwriters wanting to learn more about this class of business. The programme, developed by this committee, covers core concepts, market practices, wordings and global risk trends.

Indian insurance regulations

India’s evolving regulatory environment presents both opportunity and complexity for Lloyd’s underwriters. The committee supports underwriters in navigating these regulatory frameworks by facilitating market discussion and liaising with Lloyd’s India.

Wordings

The T&PVC helps to develop and issue LMA wordings for use across the market. To receive email notification of new wordings, please subscribe.

MA3167A – Terrorism Liability Insurance Policy (claims made and notified)
LMA5378A – Limited Cyber Extension Endorsement – Property Damage Only
LMA5379A – Limited Cyber Extension Endorsement – Property Damage and Business Interruption Only (for use with Terrorism and Political Violence Policies)
LMA5409 – Cyber and Data Exclusion (for use with Terrorism and Political Violence Policies)
LMA5583B – Territorial Exclusion: Russia, Ukraine and Belarus
Riots, Strikes, Civil Commotion, Malicious Damage, Terrorism and Sabotage Insurance [Leigh: I can’t find the date for this, can you please provide]
LMA3030A – Terrorism Insurance Physical Loss or Physical Damage Wording

Upcoming events

For events hosted online, joining instructions will be emailed to all registered attendees closer to the date of the event no later than 24 hours prior to commencement.
View more events
The LMA Property Insurance Claims Group (PICG) invites you to an event discussing forensic meteorology.