Lloyd's Contract Confidence

Review contracts with confidence.  Developed specifically for the Lloyd's market to seamlessly check, compare and flag contract inconsistencies.

All Lloyd's managing agents are responsible for ensuring that Lloyd's contract quality requirements are met when issuing insurance contracts.  Lloyd's brokers also have an interest in ensuring their document preparation and placement processes support compliance requirements and reduce administration and claims costs

Contract confidence simplifies this process and creates time efficiencies for underwriters and brokers to focus on delivering a better service for clients and ensuring greater contract certainty.

Signing a Contract

Core Modules 

Document Comparison

Fast and accurate document comparison that shows you exactly where changes have been made from one version of a contract to the next.

Quality Assurance Checks

Improve contract certainty by running the very latest Lloyd's pre-bind quality assurance (PBQA) checks against an uploaded contract.

Clause & Wordings Checks

Promotes best practice with checks against the Lloyd's Wordings Repository or your own uploaded clause library.

Risk Appetite 

Checks

Create custom rules to flag content in contracts that conflict with your own risk appetite or underwriting demands.  

We’ve made it easier for the market to review the insurance contracts they write and issue on a day-to-day basis. 

Lloyd’s Contract Confidence has been built
with the market, for the market.

Backed by 250 hours of product development with underwriters and wording specialists, Contract Confidence significantly reduces the risk of regulatory fines, independent and peer review costs and unintended coverage and claims disputes

Contract Confidence will greatly improve contract certainty and help to mitigate the risk of contract review, within a single application.  To find out more please register your interest today.