'Game-changer' app helps Lloyd's to bin the paperwork
Tuesday 12 February 2013
A digital revolution has taken place at Lloyd's of London as the 325-year-old insurance market moved closer to a life without paper.
The technology group Xchanging launched Lloyd's first interactive app, which it claims will enable underwriters and brokers to work on iPads instead of carrying around the reams of paper usually seen at One Lime Street.
Richard Ward, Lloyd's chief executive, described the launch of the X-presso app as a "game-changer". There are believed to be about 25 million different types of document available in the market.
"When I started at Lloyd's, I remember seeing a lady walking around with an enormous suitcase," Mr Ward said. "I asked her: 'Are you off on holiday?' She simply replied: "No, this is how we transport our claim forms about.'"
The app is expected to be rolled out across the market over the next few months. Brokers and underwriters will be able to access free Wi-Fi across the City.
- 1 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 2 Ben Affleck asked TV chiefs to hide slave-owning ancestry, new hacked Sony emails published by Wikileaks claim
- 3 Driving while dehydrated can be just as dangerous as drink driving, study suggests
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
- 5 One Direction: Louis Tomlinson launching his own record label, has already 'signed two acts'
Isis video purports to show beheadings and execution at gunpoint of 30 Ethiopian Christians and destruction of churches in Libya
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Driving while dehydrated can be just as dangerous as drink driving, study suggests
Ben Affleck asked TV chiefs to hide slave-owning ancestry, new hacked Sony emails published by Wikileaks claim
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...