Lloyd's and the London Market Insurance Brokers' Committee (LMBC) have created a benchmarking programme for the London Market.
The scheme will allow insurers and brokers to understand how their performance compares with others across a broad range of measures.
It also aims to increase transparency and support plans to modernise the market, including the London Market Principles (LMP).
REL Consultancy Group has been appointed as benchmarking managers for a two-year period. The programme will be overseen by the London Market Standards Committee (LMSC).
