Cadre CSM has announced the formation of a London Insurance Market Best Practice Forum.
The forum is being formed to find best practice process solutions to current and proposed market changes.
Andrew Plum, business development executive with the company, said: "a number of process changes are currently on the table and a variety of solutions applied.
"In our discussions with the London Market it has become apparent that looking at the changes from an operational perspective may provide the most efficient and pragmatic approach to adopting them.
"We have therefore taken the initiative and suggested that with common interest the formation of an open forum to discuss and develop best practice processes as a baseline may provide the best approach to finding answers."
Cadre said a recent survey by the company had highlighted a perception that the FSA had in effect backed off from the issue of Contract Certainty, although the view holds that the need to change remains.
Other market changes that were seen to be in need of looking at included Electronic Claims, Annual Accounting and Settlement, Consistency of Slip and Wording Production and Document Exchange.
Plum added: "in the past there has been considerable time and resource expended in reviewing the change and identifying solutions, but often little real progress is achieved. The Forum initiative is intended to discuss and develop answers in an open environment. Since proposing this two weeks ago some 24 organisations have already indicated a willingness to participate, so the need is there."
