Q4 2024 progress update

As we reach the end of the year, we’re taking the time to reflect on the progress made not only in the last quarter, but across 2024, and we’re looking ahead to the key focus areas for Q1 2025. 

We’ve seen some key developments across the programme:

• Velonetic published the specifications for ACORD4ALL customised Electronic Data Interchange (EDI) messages, including listing which ones will be supported  

• 133 features (components of build that map to specific and defined business functionality) were delivered in programme increment 18 (PI18)

• Vanguard was slimmed down to a group of eight participants to ensure a manageable and focused testing environment

• A third-party resource was onboarded to help create a stronger, systematic, and robust approach to testing 

• The heritage services exit plan is in development with Velonetic, in partnership with the LMA, IUA and Lloyd’s

• The Material Outsourcing Notification (MON) template is in development, and lessons learned from recent a recent Lloyd's MON will be incorporated in the process 

In Q1 2025, we’ll be focusing on the following key activities:

• DPS core build estimated to complete

• Wider Vanguard and vendor testing estimated to start 

• Heritage services exit plan to be finalised and shared with the market in February

From 2025, we'll be replacing the quarterly progress updates with our monthly progress reports, that will be continuing in January.

For more information on the latest status of the programme, please see below for the details of the 9 December event. You can also find the latest progress report from November here.