Lloyd's continues its commitment to electronic trading
By 2007, 70% of Lloyd’s transactions should be processed on an electronic infrastructure according to Iain Saville, head of business reform at Lloyd’s and chair of Kinnect. Speaking at the Acord/Loma Forum in America he said that this was his own personal goal and he considered the ability to offer electronic support through the risk cycle to be an essential project if Lloyd’s is to be at the forefront of service quality.
He announced that from next month a Market Reform Board will meet to manage the process and the resources required to roll out the technology solutions. Mr Saville will chair the board which will alsoOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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