New Internet Access to Lloyd's of London Launched; Photographs Available to Accompany This Story

Apr 30, 2001, 01:00 ET from Lloyd's of London

    LONDON, April 30 /PRNewswire/ -- An internet portal that will give
 insurance brokers and intermediaries all over the world direct access to the
 Lloyd's of London insurance market was launched today.
     lloyds.com will provide insurance professionals with a clear route to the
 hundreds of specialist insurance products offered by Lloyd's insurers and
 brokers.
     By logging on and inputting details of the type of risk he or she is
 seeking cover for, and the relevant country, a broker or insurance
 professional will be given details of which insurers and brokers are listing
 suitable products. From that point, the broker can contact the parties they
 have chosen through lloyds.com to investigate further.
 
     Ashok Gupta, Chief Executive of lloyds.com said:
 
     "For the first time, a broker almost anywhere in the world will be able to
     cut through the complexities of Lloyd's and ask one very simple question:
     can you help me or not?
 
     "lloyds.com is a type of insurance internet introduction agency. We take
     an intermediary and match their needs with Lloyd's insurers and brokers.
 
     "What makes this portal different is that lloyds.com is aimed at
     professionals right around the world, not just a single country. The
     portal illustrates the choice that is an intrinsic part of the Lloyd's
     market. It holds details of over 1,800 insurance products entries produced
     by a wide range of Lloyd's insurers and brokers."
 
     Plans to create the portal were first announced in November last year by
 Lloyd's Chief Executive, Nick Prettejohn. Commenting on the site, Mr
 Prettejohn said:
     "Our research has been telling us for some time that for intermediaries
 overseas, Lloyd's can be a daunting prospect to do business with. Brokers know
 that Lloyd's is synonymous with specialist insurance cover but they do not
 know how to find what it has to offer.
     "The portal takes the Lloyd's market squarely into the internet age. It
 also enhances our brand by increasing accessibility and transparency."
 
     The lloyds.com portal currently offers two main services:
 
     *  Marketfinder -- an intelligent search for products offered by Lloyd's
        syndicates and brokers based on risk type and country
 
     *  Market Intelligence -- analysis and comment on global insurance issues
 
     The portal is available to insurance professionals in most countries - the
 only exceptions being countries where regulations prevent it operating in its
 current form, and registration for users is free.
     An international advertising campaign to announce the portal's presence
 will begin this week in business and insurance media. In addition, over 7,000
 UK insurance professionals will be invited to take part in an internet
 'treasure hunt.' The aim of the hunt is to solve a puzzle by locating certain
 pieces of information using the internet. The winner of the hunt will receive
 two free business-class air tickets around the world.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X71189324
 
 

SOURCE Lloyd's of London
    LONDON, April 30 /PRNewswire/ -- An internet portal that will give
 insurance brokers and intermediaries all over the world direct access to the
 Lloyd's of London insurance market was launched today.
     lloyds.com will provide insurance professionals with a clear route to the
 hundreds of specialist insurance products offered by Lloyd's insurers and
 brokers.
     By logging on and inputting details of the type of risk he or she is
 seeking cover for, and the relevant country, a broker or insurance
 professional will be given details of which insurers and brokers are listing
 suitable products. From that point, the broker can contact the parties they
 have chosen through lloyds.com to investigate further.
 
     Ashok Gupta, Chief Executive of lloyds.com said:
 
     "For the first time, a broker almost anywhere in the world will be able to
     cut through the complexities of Lloyd's and ask one very simple question:
     can you help me or not?
 
     "lloyds.com is a type of insurance internet introduction agency. We take
     an intermediary and match their needs with Lloyd's insurers and brokers.
 
     "What makes this portal different is that lloyds.com is aimed at
     professionals right around the world, not just a single country. The
     portal illustrates the choice that is an intrinsic part of the Lloyd's
     market. It holds details of over 1,800 insurance products entries produced
     by a wide range of Lloyd's insurers and brokers."
 
     Plans to create the portal were first announced in November last year by
 Lloyd's Chief Executive, Nick Prettejohn. Commenting on the site, Mr
 Prettejohn said:
     "Our research has been telling us for some time that for intermediaries
 overseas, Lloyd's can be a daunting prospect to do business with. Brokers know
 that Lloyd's is synonymous with specialist insurance cover but they do not
 know how to find what it has to offer.
     "The portal takes the Lloyd's market squarely into the internet age. It
 also enhances our brand by increasing accessibility and transparency."
 
     The lloyds.com portal currently offers two main services:
 
     *  Marketfinder -- an intelligent search for products offered by Lloyd's
        syndicates and brokers based on risk type and country
 
     *  Market Intelligence -- analysis and comment on global insurance issues
 
     The portal is available to insurance professionals in most countries - the
 only exceptions being countries where regulations prevent it operating in its
 current form, and registration for users is free.
     An international advertising campaign to announce the portal's presence
 will begin this week in business and insurance media. In addition, over 7,000
 UK insurance professionals will be invited to take part in an internet
 'treasure hunt.' The aim of the hunt is to solve a puzzle by locating certain
 pieces of information using the internet. The winner of the hunt will receive
 two free business-class air tickets around the world.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X71189324
 
 SOURCE  Lloyd's of London