London
The London commercial insurance market has maintained its powerful competitive differentiators in the growing global arena. The diverse range of products, coupled with the unique pool of underwriting expertise housed in both the Lloyd’s and Companies markets, make London a powerful magnet for commercial insurance and reinsurance brokers.
We have been working with the commercial market since our inception in 1990. This accessibility has allowed us to build Lloyd’s leading policy administration platform, Subscribe, and risk exposure management software, Exact Advantage. All our software and the consultancy services we offer are intended to embrace and reflect the highly individual nature of this market and at the same time support its current and future commercial practices and business processes.
Supporting London Market Reform
Increased global competition and pressure from the market regulators has recently accelerated the pace at which the market is moving to reform some of its inefficient trading and business practices - the ultimate goal being to improve the service provided to the policyholder and the timeliness of claims payments.
The stakes and rewards for companies completing the swift transition to Electronic Claims (ECF), peer-to-peer placement and Accounting and Settlement (A&S) in a timely way are now widely recognised. Our software fully supports these significant market reform initiatives, and we actively work with ACORD, the London Market Reform Group, and our customers to ensure we can continue to support new market developments. We are also an associate member of the Lloyd’s Market Association (LMA).
London specific services and solutions include:
- Complete managed services solution for Lloyd’s start-up syndicates
- Two-way electronic placement solution for underwriters
- Processing of ECF and A&S messages
Visit our software and services pages to find out more, or contact us to speak to a member of our team.
A selection of our London insurance market clients:
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