Lloyd's of London Cyber Insurance Requirements and Underwriting Standards A3: Bring delegated and facility business into line at renewal or as soon as contractually possible

What does A3 require?

For coverholder business the requirement applies to binding authority agreements incepting on or after the relevant phase date; policies bound under agreements entered into earlier need not comply until the agreement next renews. For line slips and consortia Lloyd's expects the changes as soon as contractually possible after the implementation date.