London and International Insurance Brokers Association (LIIBA) News

Lloyd’s Insurers Surpass Target for Electronic Risk Placements: Report

Insurers in the Lloyd’s of London market have switched 45% of their business to an electronic platform, ahead of target, the platform said on Monday. The insurance industry has been slower to move to electronic trading than other parts of …

London’s Electronic Placing Platform Gains Traction, Binding More Than 50,000 Risks

More than 50,000 risks have been bound on the London market’s electronic placement platform, with nearly 12,500 risks bound in the last three months alone, announced the board of the Placing Platform Ltd. (PPL). “This is another watershed moment for …

Momentum Grows for Electronic Placement of Risks Among London Brokers: LIIBA

Momentum is building in the London market for wider adoption of electronic placement of risks, said the London and International Insurance Brokers’ Association (LIIBA), which announced that more than 100 of its members have now committed to the Placing Platform …

London Market Launches Data Capture Service Designed to Cut Data Re-Keying

The London Market Group (LMG) announced that one of the core solutions for improving the London market’s efficiency, called structured data capture (SDC), has gone live for the lines of terrorism, financial lines, marine, property and casualty. By removing the …