Willis and Zurich announce London market e-accounting tie-up
Publication: Insurance Day
Willis has doubled the number of London market carriers with which it enjoys a full electronic accounting process in the past fort-night, having unveiled Zurich Global Corporate UK as its latest partner, and it expects to announce a further deal in the coming days.
The agreement is part of an e-accounting initiative pioneered by the London Market Group (LMG) non-bureau working group, which aims to stream-line insurance settlement processes and reduce paper-based transactions through presenting data in a structured format using standard messaging from industry standards body ACORD.
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