The Core Data Record (CDR) will ultimately enable standardised, quality data to flow through the Lloyd’s market, with the aim of significantly improving operations, reducing the cost and effort of doing business, and ultimately delivering a better service to customers. This premise is at the heart of the Blueprint Two programme, which is the second phase of Lloyd’s ambitious Future at Lloyd’s strategy to shift the market to a digital ecosystem, powered by data and technology.

The standard is currently in proposal state. A public call for reviewing the initial proposed standards started on March 2021.