Turning the tide of technological change

With an investment of tens of millions of pounds, Lloyd's new-generation Kinnect system is hoped to succeed where previous IT reform has failed. However, while its merits are widely acclaimed by the market, can this latest offering from the reforming goliath gain critically needed collective adoption? And, will the pool of burgeoning alternatives render it simply too late? Marcus Alcock tests the waters

Lloyd's and whether it is open to substantial technological change is a debate that has been going on for so long it almost seems a joke.

While the rest of the financial services sector has been trading electronically for some time now, for its own peculiar reasons, those engaged at One Lime Street are still frustrated over the extent to which the market wants to adopt technology and trade electronically. But this is not to suggest it is being wayward or luddite.

The merger of the Lloyd's Policy