Busy as a bee
Companies are expected to be up-to-date with technology in this day and age, but what constitutes an effective internet-based trading solution? Sarah Hills looks into a seemingly run-of-the-mill online initiative that has been a recent hive of activity, attracting both brokers and insurers with the benefits of its model
Last year witnessed a frenzy of online activity in the insurance sector. Lloyd's and the London Market set forth on a voyage towards accounting and settlement and electronic claims files, and imarket started to come into its own and receive praise rather than its usual bombardment of criticism.
At the same time, the broker market has seen the launch of small to medium-sized enterprise (SME) comparative quote facility iprism, in addition to various B2B insurer initiatives. These are merely a few
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