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Preparing for the Insurance Act 2015

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GLOBAL CHANGE It is important for organisations to recognise the global implications of the Insurance Act. Companies must be aware of the impact the new law has on the underwriting of risks and claims. While this is UK legislation it affects all business conducted in the London insurance market – which includes not only Lloyds but also business placed with any other commercial insurer in the UK, no matter where the insured or the risk is located. Europe and other countries are expected to adopt similar legislation. TECHNOLOGY HELPS TO EASILY COLLATE DATA ON A GLOBAL SCALE.

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