Lloyd’s Asia seeks innovation
Thursday, 11 01 2018, Category: Technology, Country: Asia
Lloyd’s Asia is looking to develop innovative solutions for mature markets such as Japan or Australia while mulling over the introduction of electronic placement to make trading more efficient in the Asia-Pacific region, Angela Kelly, chief executive officer for Lloyd’s Asia, told SIRC Today.
The Corporation of Lloyd’s introduced a mandate for electronic placement in March 2018 requiring each syndicate to have written no less than 10 percent of its risks electronically from the end of the second quarter of 2018 through the Placing Platform Limited (PPL) platform.
Source: Intelligent Insurer