Lloyd's to pilot information exchange messaging

Lloyd's is piloting an electronic messaging program in collaboration with IBM to improve connectivity and standardise information within the insurance market.

The Lloyd's Exchange will allow market participants to exchange risk information electronically using pre-agreed Acord data standards.

It will act as a market directory, storing key contact information that will be searchable via the Exchange. A messaging hub will allow brokers and underwriters to send and receive electronic business place

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