MONTE CARLO–Lloyd's Chief Executive Richard Ward said the market's ambitious deadlines to add technology that improves its business operations and trading practices have mostly been met.
But, at the same time, he said there are some difficulties in getting people to let go of old ways and embrace electronic systems.
"On the claims processing, we're at 44 percent," he told National Underwriter in an interview here. "We're ahead now, so we're on schedule. But I want to make sure we don't miss it, so I'm encouraging people to up their game, work a little bit harder, get their brokers in line."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
