Neil Armstrong’s most famous line — “That’s one small step for man, one giant leap for mankind,” uttered after becoming the first person to set foot on the moon is apt for the announcement by Lloyds.
Lloyd’s has revealed the first firm to adopt its new application programme interface (API) in a bid to help London Market brokers and underwriters is Atrium Underwriting Limited.
This should be the catalyst for all the insurers and brokers active at Lloyds to quote, negotiate and bind business electronically and leverage APIs.
Where the digital rubber hits the analogue road today is the critical area of claims. That is when the end customers really need Lloyds and its Members. Claims transformation is, of course, a priority area for "The Future at Lloyds" vision .
Now that lock-downs and isolation are easing we might expect momentum to pick up with that initiative
Jennifer Rigby, chief operations officer and Executive Sponsor of the Future at Lloyd’s, said: “This is an exciting new development that will enhance and simplify the flow of electronic placement data across the market, as we continue to progress the development of the next generation version of PPL.
unknownx500
