Business Services Industry
Lloyds redefines tech role as developer of standards.(Tech Focus)(Lloyd's of London)
Business Insurance, May, 2007 by Zolkos, Rodd
Byline: Rodd Zolkos LONDON-It's been more than a year since Lloyd's of London decided to pull the plug on its Kinnect Internet-based risk data platform, but the effort to promote electronic information exchange continues to move forward in the London market. When Lloyd's Franchise Board announced in January 2006 that it would cease funding the Kinnect effort, which began life in 2003 as Project Blue Mountain, the board said it saw the market's role going forward as being involved in setting standards rather than in developing infrastructure.
A recent move, then, seems clearly in keeping with that view. Last month, Lloyd's announced that Michael Smith, manager business process reform (claims and standards), was being transferred from Lloyd's to ACORD to...
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