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.
