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Lloyd's Considers Setting Up Internet-Based Messaging Hub

With more than 70 percent of premium transactions and 75 percent of claims now being processed electronically, Lloyd's is looking to streamline its risk placement process, according to Louise Shield,

By Caroline McDonald | Updated on March 02, 2008

Nearly two years after Lloyd’s abandoned Kinnect–the failed multimillion-dollar electronic trading platform–a new messaging system with a smaller cost to users is being studied.

With more than 70 percent of premium transactions and 75 percent of claims now being processed electronically, Lloyd’s is looking to streamline its risk placement process, according to Louise Shield, head of Lloyd’s Communications, Corporate Services in London.

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