Lloyd's Principles for doing business at Lloyd's
The thirteen principles managing agents are assessed against, replacing the Minimum Standards.
- Issued by
- Lloyd's of London
- Applies in
- United Kingdom
- Edition
- 2023
- Area
- Insurance
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- P1Underwriting profitabilityPrinciples
- P5ReservingPrinciples
- P8Governance, risk management and reportingPrinciples
- P10Regulatory and financial crimePrinciples
- P11Operational resiliencePrinciples
- P13CulturePrinciples
How Amoreg keeps you on it.
Enable the Lloyd's Principles for doing business at Lloyd's and add Lloyd's of London’s pages as a monitor of your own. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 6 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read Lloyd's of London’s pages
- Check the library against 6 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: underwriting profitability
- Rule
- Lloyd's Principles for doing business at Lloyd's, P1
- Area
- Principles
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- Insurance Distribution DirectiveConduct, product oversight and governance, and disclosure for insurance distributors.European Union · 4 controls
- Guernsey Insurance Business Rules and GuidanceConduct, solvency, governance and reporting rules for licensed insurers and insurance managers.Guernsey · 4 controls
- IAIS Insurance Core PrinciplesThe global standard for insurance supervision and the ComFrame for internationally active groups.Global · 5 controls
Also in United Kingdom
- UK Money Laundering Regulations 2017The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.United Kingdom · 8 controls
- JMLSG GuidanceHM Treasury-approved guidance the courts must consider — the practical standard for UK financial sector AML.United Kingdom · 6 controls
- Proceeds of Crime Act 2002 (Part 7)The money laundering offences, the regulated-sector duty to report, and the DAML consent regime.United Kingdom · 4 controls
- UK Sanctions Regime (SAMLA 2018 / OFSI)The Sanctions and Anti-Money Laundering Act 2018 regulations and OFSI reporting, licensing and enforcement expectations.United Kingdom · 5 controls
- Legal Sector Affinity Group AML GuidanceHM Treasury-approved guidance for law firms and independent legal professionals under the MLR 2017.United Kingdom · 5 controls
- CCAB AML Guidance for the Accountancy SectorAMLGAS — the approved guidance for accountants, auditors, tax advisers and insolvency practitioners.United Kingdom · 5 controls
Questions
Does Amoreg watch for changes to the Lloyd's Principles for doing business at Lloyd's?
Enable it and add the issuer’s pages as a monitor of your own. Every publication the Monitor records keeps its source, stage and date.
Can Amoreg check our policies against the Lloyd's Principles for doing business at Lloyd's?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The catalogue records 2023. Editions were last verified in August 2026, and the Monitor records new publications as they appear.