London market launches electronic claims processing
The London insurance market has taken a significant step toward reforming its claims processes by making a electronic claims file repository available to all Lloyd's managing agents and brokers.
The ECF initiative allows claims to be processed without the need for brokers to carry volumes of files between underwriters and Xchanging, the company that provides adjusting and processing servicesOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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