Lloyd’s rolls out new information trading system

The Lloyd's insurance market has rolled out a new web-based global insurance trading and taxation information system.

The Lloyd's insurance market has rolled out a new web-based global insurance trading and taxation information system.

Lloyd's joined forces with consulting firm Priocept to introduce the new Crystal system.

The new service is available to managing agents and brokers and provides a number of features to streamline business processes around international compliance and taxation regimes.

Crystal replaces a previous electronic library of pages and PDF documents, and allows real-time queries and comparisons of specific legislation and Lloyd's trading information for more than 280 countries.

"Our aim is to make Lloyds.com the definitive source of information for our market participants, and Crystal is the next step towards achieving this," said Jo Scott, senior web manager at Lloyd's.

"We know that web-based services such as this are vital for our market to maintain its competitive advantage and keep its position as the world's leading name in insurance," said Scott.

Crystal is the first service to take advantage of a new Lloyds.com platform, which features a pluggable single-sign-on framework and advanced content management functionality.

Priocept will continue to assist with web development throughout 2007 in partnership with internal Lloyd's development staff.

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