KGM goes live

KGM has gone live with full-cycle EDI across its entire portfolio, made possible through a partnersh...

KGM has gone live with full-cycle EDI across its entire portfolio, made possible through a partnership with Misys. The Lloyd's syndicate has just added motorcycle and commercial vehicle to its Misys set-up, having operated on a manual basis for the last ten years. "We weren't one of the first insurers to embrace electronic trading, mainly because of concern over the potential loss of underwriting control," said Colin Hart, underwriter at KGM. "It was broker pressure, coupled with our willingness

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ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.