Optimisation of client service with a more open and efficient operating environment by enhancing the clarity of contracts and payment terms. LMP updates are published periodically. The Principles have been drawn up jointly by Lloyd’s, the International Underwriters’ Association (IUA) and the Lloyd’s Insurance Brokers’ Committee (LIBC). ‘One stop’ processing for the entire London market has been facilitated through Insur-sure Ltd together with electronic trading through WISE.