For more information on how to use these documents, download the guidance.

All documents below are the latest versions. Archived documents are available here.

Marine Warranty Surveyor (MWS) Information

Pre-engagement documents, and aim to provide users with a understanding of the critical assurance role the Marine Warranty Surveyor plays in activity involving high value and complex operations.

• JR2019-009 Marine Warranty Surveyor Information Form
• JR2019-010 MWSC Pre-Qualification and Good Practice Guideline
• JNR2024-047 Overview of Marine Warranty Surveying (MWS) Companies Appointment & Execution
• Marine Warranty Survey Presentation by JNRC and SOMWS: Module 1
• Marine Warranty Survey Presentation by JNRC and SOMWS: Module 2

Upstream Construction

Oil and Gas Upstream Construction activity, including: Fixed Platforms; Floating Structures, Pipelines & Bundles; Subsea Equipment, Umbilicals, Risers and Flowlines (SURF); and Marine Transportations.

• JNR2026-002 Upstream Construction COP SOW Rev 05
• JR2019-006A Upstream Construction Warranty Endorsement
• JR2020-018 JRC MWS COVID-19 Endorsement
• JNR2026-007 Minimum Information Required for Risk Assessments

Offshore Renewables

Offshore Renewables, and primarily Offshore Wind, both fixed bottom and floating, during course of construction and operations.

• JR2021-028A Renewables Warranty Endorsement
• JNR2023-041 Offshore Wind Farm Survey Guidelines
• JNR2024-050 Risk Engineering Guidelines for Insurance of Floating Offshore Wind
• JNR2026-003 Renewables CoP SoW CoA Rev 04
• JNR2026-005 Minimum Information Required for Risk Assessments

Rig Move

Movement of all mobile offshore units (MOU) and location approval specific to Jack-Up Rigs.

• JR2019-004 Rig Location & Move Initial Screening Process
• JR2019-005 Rig Location & Move COP SOW
• JR2019-005A Rig Location & Move Warranty Endorsement
• JR2020-018 JRC MWS COVID-19 Endorsement
• JR2021-030 Rig Moves Comparison between LSW498 and JR2019-005

Project Cargo

Safe transit of Project Cargo, with a dedicated COP/SOW.

• JR21-032 JRC Project Cargo COP SOW COA
• JR21-032A JRC Project Cargo MWS Endorsement

Lay-up/Reactivation

Assurance and warranty associated with Lay-Up and Reactivation of MOUs, which also includes for FPSO and offshore construction vessels.

• JNR2026-005 Lay-Up Reactivation and Moorings CoP SoW Rev 03
• JR2019-008A Lay-up & Moorings Warranty Endorsement
• JR2019-008B Reactivation Warranty Endorsement
• JR2020-019 JRC LULAS COVID-19 Endorsement
• JR2020-020 JRC RS COVID-19 Endorsement

Upstream Decommissioning

Assurance and warranty associated with Upstream Decommissioning activity (but not including Wells), and is applicable to both Oil & Gas and Renewables.

• JR2019-007A Upstream Decommissioning Warranty Endorsement
• JR2020-018 JRC MWS COVID-19 Endorsement
• JNR2026-004 Upstream Decommissioning CoP SoW Rev 04

Well Review Guidelines

Primarily aimed at Drilling activity, the Guideline can be used across the well life cycle, and also includes for a Corporate Well Risk Engineering Survey template.

• JR2018-012 Well Review Guideline  
• JR2018-012A Well Review Warranty Endt
• JR2020-021 JRC WRS COVID-19 Endorsement
• JNR2024-046 Importance of the Well Review  

FUMA  

A tiered approach to promote and enable dialogue with assureds with respect to mooring systems associated with a wide range of moored floating units used across the offshore Oil & Gas and Renewables sectors.

• FUMA Survey Endorsement
• FUMA Code of Practice (COP) and Survey Scope of Work (SOW)

Offshore Operations

Guidance specifically related with Offshore Oil & Gas Operations, including Survey Protocols and good practice in regards Umbilicals and Risers

• Good Practice Guidelines for Umbilicals and Risers
• JNR2024-045 – Upstream Survey and Reporting Protocol

Asset Values Guidelines

In this section the Upstream Property Values and Value Maintenance Guideline provides an overview of Upstream Property Values, and aims to assist Underwriters to have an informed opinion as regards the accuracy and acceptability of property values presented as part of an Offshore Operational placement.

• JR2019-003 Upstream Property Values & Value Maintenance Guideline 

QA/QC Document 2026

An effective Quality Management System sits at the heart of a good project and supports operational resilience. In support of this, the Sub-Committee has produced a document for the benefit of both insurers and assureds entitled “Guideline for Auditing a Manufacturing Facility and the Implementation of Manufacturers’ QA and QC Procedures” aimed at offshore oil and gas (upstream) and renewables projects.

The Guideline considers current market shipyard audit opportunities embedded in the current JH143 and suggests possible enhancements to such an audit that, in addition to shipyards, include factories and fabrication yards. It also provides guidance on the critical features insurers should look for when reviewing the Quality Management System and the associated audit processes supporting project delivery and the quality of manufacturing facilities.

• QA/QC Document 2026

The JNRC publishes an educational resource designed to raise greater awareness of major upstream energy losses and incidents. These lessons learned initiative aims to:

• Assist in the prevention of major incidents reoccurring through information sharing with clients.
• Promote easily and readily available retrieval of loss and lessons learned information.
• Promote lessons learned training as part of formal education programmes and role induction for energy insurance professionals.

The LON provides a technical focus, and as such are not intended to be a claims resource.

LON001 – Piper Alpha

LON002 – Mumbai High North

LON003 – Alexander L. Kielland

LON004 – P-36

LON005 – Longford Gas Plant

LON006 – Deepwater Horizon

LON007 – Ocean Ranger

LON008 – Montara

LON009 – Varanus Island

LON010 – Elgin

The committee will make available ice maps to show the applicable approximate areas for trading warranties for the mostly widely used wordings.

Please find below links to the historic guidance on Institute Navigating Limits, issued by the Navigating Limits Sub-committee. These are currently under review and will be re-issued later this year.

Area 1 – Arctic
Area 2 – Northern Seas
Area 2b – Chukchi Sea Kivalina
Area 3 – Baltic
Area 5 – North America East
Area 9 – East Asia

Please see below the links to the most widely used meteorological website services.

Baltic Sea: Finnish Meteorological Institute – https://en.ilmatieteenlaitos.fi/ice-conditions

Canada: Canadian Gov – https://www.canada.ca/en/environment-climate-change/services/ice-forecasts-observations/latest-conditions/products-guides/chart-descriptions.html

Greenland: Danish Meteorological Institute – https://ocean.dmi.dk/arctic/icecharts.uk.php

Norwegian and Barents Sea: Meteorological Institute – https://cryo.met.no/en/latest-ice-charts

Sea of Okhotsk: Japanese Meteorological Institute – https://www.data.jma.go.jp/kaiyou/shindan/c_1/okhotsk_anl/okhotsk_anl.html

Please see here on guidance as to how to read an ice map.

The sub-committee will keep emerging risks under review and update and populate this area in due course.

The committee reviews global banking rules, particularly Basel frameworks, to advocate for the recognition of credit insurance as an effective credit risk mitigant. This work supports the role of insurers in structured finance, ensuring the support of the London market remains viable for banks under tightening capital adequacy requirements and regulatory scrutiny.

The committee supports the development of training programmes and initiatives aimed at enhancing market expertise in political risk, credit and financial contingencies.

Mental health questionnaires assess the mental health risk associated with key individuals (for example, performers, speakers, athletes) whose health is critical to an event’s success. They help underwriters evaluate risk, ensuring appropriate coverage terms while complying with data protection regulations in each jurisdiction.

Strike, Riot, and Civil Commotion poses a significant challenge to the market due to its unpredictability, political sensitivity and potential for large-scale disruption. Coverage is often excluded or limited, particularly for events in politically or socially volatile regions.

The issue of CrowdStrike reflects the growing concern around cyber threats, particularly how they can impact event cancellation, ticketing platforms, venue systems and the non-appearance of key individuals. This has led the committee to review and refine wordings to achieve clarity around what is and isn’t included.

Communicable disease and Covid exclusions limit cover for event cancellations due to outbreaks. Introduced after massive pandemic losses, these exclusions leave insureds exposed and have caused uncertainty in the market. The Contingency Committee continues to review this issue.

The Perrigo judgment in Ireland emphasised the importance of aggregation clauses and specific matter exclusions in D&O insurance. In light of this, the committee continues to engage in discussions on the implications of these clauses, inviting legal experts to provide insights and explore their impact on coverage and claims.

The committee has been reviewing profit commission clauses, with members noting a trend of clauses lacking clawback provisions. As this is an area of growing interest and relevance, a general briefing session is being arranged to support member awareness and understanding of current approaches in the market.

The Shell derivative action decision case highlights the increasing legal scrutiny directors may face over climate-related governance and the evolving landscape of ESG litigation risks.

ESG is reshaping the D&O risk landscape, exposing directors to greater scrutiny, litigation and personal liability. For insurers, it introduces uncertainty, legal complexity and challenges in the underwriting process. As expectations around corporate responsibility rise, D&O underwriters must integrate ESG risk into their assessment models.

The E&O Committee regularly hosts guest speakers from legal and claims backgrounds to provide insights into emerging risks and industry trends. These sessions support the committee’s commitment to continuous learning and help ensure the market remains informed, prepared and responsive to evolving challenges.

Litigation trends in the US insurance market are evolving rapidly, driven by social inflation, nuclear verdicts and changes in technology and regulation. These trends directly impact claims frequency, severity and underwriting strategy for E&O insurers operating in the US.

A Cyber Working Group was established to review LMA5478 and LMA5479, following instances where cyber-related claims were brought under PI policies for alleged breaches of professional services. These cases raised concerns about the effectiveness of current clause wordings in reflecting underwriting intent. The group aims to ensure that cyber risks are either clearly covered or excluded, as intended by underwriters. 

The group have now published LMA5478B, an update to LMA5478A. This clause forms part of a suite of three Financial Institutions PI cyber clauses:

• LMA5477A: Cyber Risks Endorsement
• LMA5478B: Cyber Risks Endorsement – Limited Exclusion
• LMA5479A: Cyber and Data Exclusion

Please note that LMA5478A has been archived.

Class action lawsuits can lead to large-scale claims that involve numerous plaintiffs, potentially leading to high pay-outs for insurers. The committee is continually reviewing policy terms and coverage scenarios to address the unique challenges posed by class action lawsuits.

Litigation trends in financial institutions insurance are increasingly complex, global and fast-evolving. They reflect the shifting regulatory environment, technological risks and greater scrutiny from shareholders, regulators and customers.

The committee receives regular updates from legal representatives on key topics. Recent areas of interest include motor finance litigation, batch clauses and computer crime wordings, providing valuable insights into evolving legal and insurance challenges in these sectors.

Construction PI insolvencies pose a major threat to the professional indemnity insurance market due to non-recoverable claims, heightened post-insolvency risks and legacy liabilities. This has reshaped underwriting appetite, particularly for high-risk construction sectors, and is an ongoing issue that the committee continues to monitor.

The Building Safety Act 2022 and the Grenfell Tower Inquiry have had a significant impact on PI insurance. For underwriters, this meant heightened exposure to historic claims, especially for cladding and fire safety. This has led to stricter underwriting, reduced appetite, higher premiums, exclusions for high-risk work and a greater focus on run-off cover and risk selection in the construction PI market.

The committee has a legal representative who updates on key legal trends. Recent topics of interest include prior known circumstances exclusions and ​The Court of Appeal’s judgement in Lonham Group Ltd v. Scotbeef Ltd [2025] EWCA Civ 203, which provides clarification on the application of the Insurance Act 2015, particularly concerning the classification of policy terms as warranties or representations.

The AI working group published a report in 2025 examining how artificial intelligence (AI) can impact the international errors and omissions (E&O) market. The report explores both the opportunities and risks presented by the rapid adoption of generative AI (GenAI) across professional services sectors.

The committee is currently addressing the issue of obsolescence, investigating ways to mitigate the effects of outdated equipment within industry. With technological advancements and the push towards more sustainable solutions, the committee is dedicated to staying ahead of emerging trends and ensuring that LMA members are equipped to navigate these changes effectively.

Insurers are important advocates of animal safety and welfare. The committee continues to engage with veterinary organisations and other stakeholders to ensure that animal welfare remains a top priority. The committee is currently review contractual language in model wordings relating to animal euthanasia and liaising with leading equine veterinary bodies to discuss the issues.

The committee is conducting a review of equine and livestock wordings to stay ahead of evolving regulations and emerging risks. These updates will also ensure coverage reflects technological advancements and new risk management practices, keeping policies relevant and effective in managing current and future risks.

Collaboration with the veterinary industry offers expert insight into animal health, ensuring market practitioners stay aligned with the latest veterinary practices. The committee works closely with veterinary professionals to enhance risk assessment accuracy, refine policy development and improve the effectiveness of claims management.