XBRL Tagging Services for filing Syndicate Accounts with Lloyd's.
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Lloyd's syndicates must file their XBRL accounts annually by early March following the year-end reporting period of December 31.

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When to file in Lloyd's Syndicate XBRL accounts

why file in iXBRL

Filing Timeline

  • Year-End Reporting:
    The new XBRL filing requirements will apply to financial reports for the year ending December 31, 2024.
  • Submission Deadline:
    Syndicates must prepare and submit their XBRL-tagged accounts by September 30, 2024. This deadline allows managing agents to utilize the new online portal for submission.

Key Filings Required

  • Syndicate Accounts:
    These must be prepared using the new pro forma template, which includes minimum disclosure requirements and tagged with XBRL for compliance.
  • Schedule 3 Data:
    This data will also need to be submitted in XBRL format.
  • Flash Report:
    Initially collected via an Excel template, this report includes key performance indicators (KPIs) and commentary on movements, which can be submitted in any file format.

Additional Notes

A pilot testing phase is scheduled for August 2024, where managing agents can test the new reporting processes and provide feedback before full implementation.

The transition to XBRL aims to improve data accuracy, comparability, and efficiency in financial reporting within the Lloyd's market.

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