Class of Business
Class of Business is reference CR0017 in Lloyd's Coverholder Reporting Standards v5.2. It is a conditional field on risk, premium (core risk) and claims bordereaux.
- Lloyd's reference
- CR0017
- Status
- Conditional
Applies to
RiskMandatory here
Risk bordereaux describe what was written: the insured, the location, the cover and the limits.
Premium (core risk)Conditional
Premium bordereaux report the money written against each risk, including taxes and deductions.
ClaimsConditional
Claims bordereaux track incidents, reserves, payments and recoveries against the bound risks.
Mapping this field from a coverholder file?
BDXFlow maps your columns to Class of Business automatically, checks the format, and flags rows that would fail validation before you submit.
Get in touchRelated fields
BDXFlow is not affiliated with, endorsed by, or connected to Lloyd’s. This page lists the structure of the Coverholder Reporting Standards: reference, data type, format and report applicability, described in our own words so you can map files against it. For the official definitions and guidance, see Lloyd’s Reporting Standards. “Lloyd’s” is a registered trademark of the Society of Lloyd’s.