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Disclaimer: Crystal is provided for information purposes; it does not constitute solicitation of business and is not intended to be a substitute for appropriate professional advice. Information relating to Lloyd’s Brussels Subsidiary may be subject to regulatory approval.

UK * Lloyd's
* Please see Authorisation for details of Lloyd's underwriters licensing status
Please see Authorisation for details of Lloyd's Brussels licensing status



Lloyd's underwriters are licensed to write insurance in or from the UK.

Lloyd’s life underwriters may write non-investment term life business up to a maximum term of twenty five years.This is subject to a number of restrictions and conditions details of which can be found in the Supplemental Requirements and Market Bulletin Y4821.


Lloyd's underwriters are permitted to write reinsurance in or from the UK.
Last updated: 17 Mar 2015

Definition of risk location


Definition of UK

The United Kingdom of Great Britain and Northern Ireland (UK) includes England, Scotland, Wales and Northern Ireland.

The Channel Islands and the Isle of Man are not part of the UK.

For UK premium tax purposes, the UK includes waters within 12 nautical miles of their coastline. 

Last updated: 17 Mar 2015

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Compulsory classes

The following classes are compulsory in the UK:
  • Motor third party liability.
  • Employers' liability.
  • Third party liability for licensees of nuclear installations, ship owners for liability relating to oil pollution, air carriers, owners of dogs that are bred for fighting, licensees of riding schools and establishments and keepers of dangerous wild animals.
  •  Professional indemnity for solicitors, insurance intermediaries, licensed conveyancers, osteopaths, chiropractors and claims managers. 
  • The risk of fraud and/or dishonesty of officers and employees of credit unions which results in a financial loss. 
  • Fire insurance for farm buildings (in certain circumstances).
  • Liability relating to aviation and space risks.
  • Railway operator's liability (a financial guarantee is acceptable).
  • Shipments of waste (a financial guarantee is acceptable).
  • Ship owners liability relating to oil pollution (a financial guarantee is acceptable).



Last updated: 17 Mar 2015


Coverholder business

Binding authority held by a coverholder in the UK
Last updated: 29 Sep 2016

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Intermediary regulation

Insurance intermediaries in the UK are regulated by the Financial Services Authority under the Financial Services and Markets Act 2000. This follows implementation of the EU's Insurance Mediation Directive by the UK Government on the 14 January 2005.

An insurance intermediary in the UK may be either an appointed representative of an Prudential Regulation Authority (PRA) authorised insurer, an insurance intermediary or an authorised person. Appointed representatives and authorised persons appear on the Financial Conduct Authority (FCA) Register.

Further information on intermediary regulation may be found here. Tailored information may also be found in these tailored handbooks.
Last updated: 17 Mar 2015

The Insurance Mediation Directive (IMD)

Regulation of insurance intermediaries in the European Economic Area (EEA) is governed by the Insurance Mediation Directive (Directive 2002/92/EC). The directive has been implemented in the UK.
Last updated: 17 Mar 2015


Insurance documents


Contract certainty applies to general insurance contracts either entered into by a UK regulated insurer (such as Lloyd’s underwriters) or arranged through a UK regulated broker (such as Lloyd’s brokers based in the UK).

Lloyd's has developed Quality Assurance (QA) checks to help the market comply with this requirement.

Further information on contract certainty can be found on the Market Reform website.

Last updated: 04 Oct 2016

Market Reform contract guidance

This guidance on completing a Market Reform Contract (MRC) focuses on tax and regulatory checks.

It provides advice on completion of the Fiscal and Regulatory section, plus completion of headings in other sections relevant to fiscal and regulatory compliance.

The guidance below relates to insurance (ie not reinsurance).
Last updated: 17 Mar 2015

Choice of law

To meet contract certainty requirements, the insurance contract must contain a choice of law clause.
Last updated: 17 Mar 2015



To meet contract certainty requirements, the insurance contract must contain a jurisdiction clause.

The Revised Brussels I Regulation 1215/2012/EU applies and determines the jurisdiction applicable.

Insurance of large risks: The underwriter can agree with the insured the jurisdiction that will apply to the contract.

Insurance of mass risks: In the event of a dispute, the rules in the Revised Brussels I Regulation determine the EU member state(s), in which a party can bring an action.

Reinsurance: The underwriter can agree with the reinsured the EU member state whose jurisdiction will apply to the contract.

Last updated: 17 Mar 2015