“For centuries Fenchurch Street in the heart of the City has bustled with armies of insurance brokers clutching their trademark slipcases, the flimsy leather sheaths that bulge with bundles of papers,” Paul J. Davies reports for The Financial Times.
“But the traditional case could soon be superseded by the latest high-tech gadget,” Davies reports. “Lloyd’s of London will this month test whether Apple iPads could replace the paper slips containing all the information on bespoke policies sold at the 300-year-old insurance market.”
Davies reports, “Three brokers involved in the iPad trial – Marsh, Cooper Gay and RK Harrison – hope that Apple’s tablet computer will be able to carry all the documents that a broker needs to negotiate with underwriters, allowing both parties to review documents and annotate them where required… About 30 brokers will initially take part in a trial expected to last about three months, although others are expected to join in once it gets under way.”
Full article here.
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