Lloyd ’s of London has warned that in 2019 , insurance brokers who fail to comply with its digitalisation requirements risk being deregistered . Lloyd’s added that brokers will also be required to connect to a recognized electronic placement platform by June 1, 2019. The company states that from Q1 2019 , syndicates must have at least 40 % of their risks written via a recognised electronic trading platform , and this will rise to 50 % in 2020 . They will be required to migrate to such a platform by June 2019 .
Lloyd ’s of London has warned that in 2019 , insurance brokers who fail to comply with its digitalisation requirements risk being deregistered . The company states that from Q1 2019 , syndicates must have at least 40 % of their risks written via a recognised electronic trading platform , and this will rise to 50 % in 2020 . They will be required to migrate to such a platform by June 2019 .