Category Archives: General Coverage

RI3K is showing continued support for ACORD standards – this time by being the first company to receive the ACORD certification for RLC 2009-1 messaging standard.

RI3K, the London-headquartered risk-trading platform, is planning a major revamp next year which will see it tie up with a global IT provider.

The London market is ahead of the other global insurance markets when it comes to electronic placement but it must build on this if it is to maintain its advantage, panellists said at the Insurance Day Technology Forum in London.

Darren Doherty, MD of BMS Facultative Ltd, and his team have been piloting use of RI3K. He discusses the benefits they are seeing from their move to electronic placing and some of the challenges they have faced on the way.

Tim Caroll, newly installed as Underwriting Director at Canopius, reflects on the progress that the market has made and the work still to be done.

The institution is having another go at building a market-wide electronic system. Meet the dynamic duo leading the Exchange pilot: Sue Langley of Lloyd’s and Luke Robertson of IBM.

Regional brokers could gain access to Lloyd’s when the market’s new electronic Exchange project is up and running, according to its developer IBM.

As the London market gears up for the forthcoming busy renewal season, Alex Letts explores the progress made by the Industry in 2008 in meeting the Market Reform Group’s ambitious targets to raise the level of insurance e-placement.

Tim Carroll, who is due to leave his role as chief executive of Swiss Re GB at the beginning of next year, will chair the newly-formed advisory board for electronic trading service RI3K.

A group of leading reinsurance companies and brokers want to revolutionise the industry by introducing a global electronic data transmission system along the lines the network used by the banking industry.