Project Information
--------------------------------------------------------------------------------
 
Reinsurance and large commercial risk business is transacted in the London insurance market using the placing process. Today this process is largely paper based with a heavy emphasis on face to face contact between the parties engaged in the transaction.

The reasons for this are the immediacy of and access to decision making it enables, the highly customised nature of the business and the interpersonal relationships involved. However, in an ever more competitive global market it is recognised that for some categories of transaction the high costs associated with the process are no longer sustainable. To reduce its costs whilst delivering better service London needs to simplify and improve its processes and automate some aspects of the way business is placed.

Back to Placing