Latest news and views from Lime-St.com including the launch of our Smart Broking iPad, iPhone and Android mobile broking software.

Latest news and views from Lime-St.com, including the launch of our Lime-St.com For Underwriters Cloud platform.

Our May newsletter with news and views from the Front Line. Open week at Lime-St.com from 23rd to 27th May. Come as you are; no need to bring a bottle.

To coin a phrase little used since my grandfather was a lad, the balloon’s gone up and the big push is on…what’s Jeff on about now? All is revealed in Insurance Day.

Momentum is building on The Exchange and Lime-St.com is responsible for much of it. With endorsement volumes rising steadily since The Exchange Marine pilot began in October last year, Lime-St.com celebrates handling its 7,000th electronic endorsement.

Nothing will ever replace face-to-face negotiations in the London and Lloyd’s market, but e-placement will minimise the mundane and maximise time for complex business…

THE LONDON EXCHANGE has made significant progress in proving face-to-face negotiations can comfortably co- exist with electronic workflow within Lloyd’s, but further changes in working practices are required if the “process, values and benefits” of electronic placing are to be fully realised.

Jeff Ward, director at Lime-St.com, connects underwriters and brokers to the Lloyd’s Exchange. He argues modernisation measures are becoming more accessible for smaller firms: “The likes of Brit, Aon and Miller have made fairly heavy investments, yet they only account for 10% of the market…

The big push for electronic endorsements over the Lloyd’s Exchange goes in to pilot this summer. Behind it lies a commitment made by most of the Lloyd’s and IUA underwriters and, crucially, the ‘big three’ brokers with thier 45% market share…

Trisystems says software can level the playing field for accessing London Market. A London Market technology specialist has warned against a two-speed broker market where small firms are left behind in the push for new technology. Jeff Ward, business development manager at TriSystems, said a two-speed market need not happen because cheaper products can give smaller brokers the access they require…

Insurance technology firm TriSystems has launched an electronic broking platform that is set to rival those offered by RI3K and The Insurance Workplace (TIW). Lime-St.com communicates electronic endorsements and policy placings with underwriters using ACORD messaging standards over the Lloyd’s Exchange…

TriSystems is launching a new electronic broking service, Lime-St.com. The London Market technology specialist has designed the software exclusively for brokers and branded it “the broker’s friendliest and most cost-effective e-business platform”. Users are charged from only £500 per seat annually with no transaction or licence fees…

London Market technology specialists TriSystems will launch a new electronic broking service, Lime-St.com, designed exclusively for brokers and branded as “the broker’s friendliest and most cost-effective e-business platform.”…

A new e-business platform is being launched next month that aims to offer a no frills alternative to London Market Brokers and Insurers looking to transact business electronically…

Jeff Ward, TriSystems director, says: “The small broking community that needs to be part of this aren’t yet part of it.”
Ward said: “The market isn’t big enough to get significant economies of scale. We, as the software-providing community, have a responsibility to level the playing field if at all possible [but] the market isn’t big enough to commoditise the price list because there’s competition. Prices are low [and] at the moment it’s as low as it could be.” …