
Aon has made significant progress with its ambition to transact as much of its business as possible via an electronic platform and, as at the end of May 2008 had traded over 15,000 lines with over 160 markets via RI3K.
Market Reform NewsletterWith its arrival as Brazil’s first admitted reinsurer, Lloyd’s is continuing a strategy of accessing markets locally that is likely to next see a Middle East Hub.
IQ MagazineThe adoption of Acord messaging standards is opening up in the London market for electronic global trade.
Insurance DayTwo years after Lloyd's scrapped Kinnect and hired Richard Ward to drag it into the modern age, electronic placement is still a dream for most market players. Verena Horne asks why change is such a painful process for London.
ReactionsInsurers and brokers are in talks to use the established Swift financial transfer network in move to speed up the pace of electronic placement of risks.
Insurance TimesAs Lloyd's new e-commerce initiative gets underway, Alex Letts explains the very big difference between a data messaging hub and e-trading.
Global ReBroker Aon makes switch as rivals Willis and Marsh weigh up new platform.
Lloyd's ListRI3K has been the sole surviving electronic trading platform in the London insurance and reinsurance market since the highly publicised collapse of Kinnect.
World Insurance ReportA whirlwind presentation from one of re/insurance's most famous figures, highlighted that resistance to electronic distribution in the Lloyd's market is not only self defeating to brokers but is also costing insurers dear, says Alex Letts.
The ReviewFollowing RI3K's implementation of its new message service for the insurance industry, it teamed up with global technology provider Kewill to combine their data handling technologies.
Insurance AgeLondon's transition to an electronic marketplace is occurring amid testing market conditions in which brokers in particular are focused on reducing costs to cope with falling premium rates and weak terms and conditions in most sectors.
Reinsurance MagazineAon are leading the drive of the realisation of the MRG vision of electronic support for risk submissions. 2007 saw the firm pursue this objective through offering business via the RI3K trading platform.
Market Reform NewsletterAon has completed as much as 80% of its 1/1 treaty reinsurance renewal placement electronically in December, with more than 5000 lines placed in this way through the RI3K Service.
Reinsurance MagazineAs Aon reveals a huge leap in electronic placing at the 1/1 renewals, does this solidify technology's place in the London market?
Global ReNext Monday, RI3K will be rolling out a new service - RI3K Net - which offers digital traders a securer, faster means of transacting business.
Insurance DayThe 1/1 renewals took place amid an industry in transition, where historical practices are slowly being replaced by modern electronic processes.
Insurance DayWillis and Marsh will decide in the summer whether to discontinue paper based risk placements in favour of electronic trading platforms, after Aon fed 80% of its reinsurance renewal through a paperless portal this December.
Insurance DayThe London reinsurance market will never be the same following 2007's year-end reinsurance treaty renewals.
Insurance JournalBroker places 5000 lines through RI3K electronic trading platform
Insurance TimesAs Aon reveals a huge leap in electronic placing at the 1/1 renewals, does this solidify technology's place in the London market?
Global ReAon has completed as much as 80% of its 1/1 treaty reinsurance renewal placements electronically in December.
PostAon Limited today announced that it had completed as much as 80% of its 1/1 treaty reinsurance renewal placements electronically in December.
Insurance NewslinkAlex Letts offers his thoughts on the clarity and certainty that electronic trading can offer the market.
Insurance DaySenior figures from across the Lloyd's market have put market and process reform at the the top of their wish list for the year ahead.
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