{
  "docId": "019dd923-5de0-76bd-a165-350c9b262781",
  "docSlug": "0deaedd8889fb008",
  "documentTitle": "Lloyd’s and Bermuda",
  "authorId": "misc",
  "authorName": "PwC",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 25,
  "pageCount": 37,
  "prevPage": 24,
  "nextPage": 26,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses a numbered list to summarize regulatory expectations and a pull-quote to emphasize the urgency of governance.",
  "elementsJson": [
    "headline_text",
    "numbered_list",
    "quote_block"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5de0-76bd-a165-350c9b262781/25",
  "deckHref": "/decks/019dd923-5de0-76bd-a165-350c9b262781",
  "deckJsonHref": "/decks/019dd923-5de0-76bd-a165-350c9b262781.json",
  "deckAnchorHref": "/decks/019dd923-5de0-76bd-a165-350c9b262781#slide-25",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Firms should stand ready to demonstrate the robustness of their underwriting and reserving governance frameworks",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-edac-778d-bcc8-d8879d5e2b70",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.4,
        "x": 0.08,
        "y": 0.25
      },
      "kind": "list",
      "text": "1. Reserving is key to market results\n2. More recent years appear less well reserved and are under pressure\n3. This will happen if: You underestimate rate reductions and are optimistic in pricing new business...\n4. ...and/or don't adequately allow for changes in distribution/sources of business\n5. It is vital you get proper MI and challenge on these areas as a minimum",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "99a8e16c-ac2a-4685-820e-3696e6113165",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.3,
        "x": 0.57,
        "y": 0.68
      },
      "kind": "paragraph",
      "text": "PRA 'Dear CEO' letter on soft market conditions",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "14697031-b970-4f43-949b-32a07a26e6a2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.35,
        "x": 0.57,
        "y": 0.35
      },
      "kind": "quote",
      "text": "Firms should stand ready to demonstrate the robustness of their underwriting and reserving governance frameworks",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b5452a7f-b726-483f-ae34-4672ec8a220b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Firms should stand ready to demonstrate the robustness of their underwriting and reserving governance frameworks (PRA 'Dear CEO' letter on soft market conditions)",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd951-edac-778d-bcc8-dc42efa2031b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.035,
        "y": 0.12
      },
      "kind": "title",
      "text": "And has been taking action too!",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9d47ee0a-5e72-444b-94e4-72a36e3f05cb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.035,
        "y": 0.05
      },
      "kind": "title",
      "text": "The PRA has written many letters to the Market",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2557f150-4300-4c5c-9dc2-d17fae75b3c6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "5d0c6c57-aecc-4ed4-93b5-dd955632b954",
      "evidence": "The slide presents a list of key messages in a clear and concise manner, which aligns with the list presentation technique.",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 26,
      "from": 19,
      "beatId": "cd01d593-0b98-4f8a-936f-370c7d5f7185",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Slides 19-26 provide data and analysis on current landscape, industry trends, and regulatory environment",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}