Lloyd’s of London has confirmed its mandated electronic placement targets for H2 2019 . Each of the company's syndicates will be required to use the system in at least 60% of their written risks in London , with the number rising to 80% in Q4. Lloyd’s of London set a target of using electronic placement in 40% of its “in scope” contracts during annual , with 45% of the company's total contracts placed using the system. The target for this quarter was to have placed 40% of in scope risks through electronic placement. The percentage of syndicates that met or exceeded the Q1 target, therefore qualifying for a rebate on their H2 2019 subscriptions, was 80% .
Lloyd’s of London has confirmed its mandated electronic placement targets for H2 2019 . Each of the company's syndicates will be required to use the system in at least 60% of their written risks in London , with the number rising to 80% in Q4. Lloyd’s of London set a target of using electronic placement in 40% of its “in scope” contracts during annual , with 45% of the company's total contracts placed using the system. The percentage of syndicates that met or exceeded the Q1 target, therefore qualifying for a rebate on their H2 2019 subscriptions, was 80% .