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Market modernisation

News, insight and comment on how the re/insurance market is changing for the future.

Market Modernisation

Acord launches data exchange platform

New placing interface will act as a ‘universal hub’ for exchanging placing data for insurers and brokers, company says

London North America

Insurers prioritise legacy updates over AI, research finds

Implementing AI still ranked highly among insurers’ priorities, but survey finds nearly half are already behind schedule

International Market Modernisation

Ebix Europe launches new features for PlacingHub

New suite offers features that support any type of insurance document and any class of business, technology firm says

Market Modernisation London

PPL partners with Microsoft on trading hub

Partnership will incorporate Microsoft’s artificial intelligence, data and productivity tools into PPL’s specialty insurance trading platform workflow

Lloyds London

PPL introduces simplified 'express contracts' route

Streamlined process enables brokers to fast-track single contract placements

London Lloyds

Supercede upgrades platform to streamline reinsurers’ workflows

Reinsurance-focused insurtech introduces ‘exhibit-first’ view that offers access to a consolidated snapshot of all risk data 

London Reinsurance

LMA launches computable contracts consultation

Consultation aims to engage all delegated authority stakeholders to facilitate adoption and implementation of the new model wordings and systems

London Lloyds

Velonetic CEO exits in leadership refresh

Lloyd's chief operations officer, Bob James, takes the reins at London market technology joint venture to deliver Blueprint Two phase one cutover 

Lloyds London

New York releases final AI guidance for insurers

Supervisors expect carriers to prevent discrimination and establish AI management structures

United States Regulation

Blueprint Two phase one cutover 'not before 2025'

Year-end reporting and the January 1 renewals mean a cutover to the new digital platform cannot take place before February 2025, LMA chief executive, Sheila Cameron, says

London Market Modernisation

Blueprint Two phase one postponed amid testing delays

Velonetic says testing is running around eight weeks late but has not put a timeline on a new cutover date

London Lloyds

InsurX appoints Watson as chairman

Canopius founder joins digital risk exchange 

London Market Modernisation
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