Business process outsourcing firm, Xchanging Claims Services, has stepped up its review of post 1992 Lloyd's claims files.
The launch of phase two of its review aims to ensure the validity of outstanding claims liabilities facing Lloyd's.
Around £1bn in reserves is held at Lloyd's against liabilities on 'non-moving' files. Xchanging Claims Services has launched the review to validate these reserves.
Clive Buesnel, managing director of Xchanging Claims Services, said: "The ECR Service has been designed in close consultation with market practitioners in response to overwhelming demand for a centralised approach to this market issue.
"There is an immediate opportunity to reduce the number of non-moving claim files on the Lloyd's market as well as the potential to provide expert validation of the outstanding reserves to support audit and regulatory requirements."
