“We have exceeded our targets every quarter so far, which is excellent news and provides further evidence that we are already reshaping the market into a more future-focused platform.” Lloyd ’s of London has confirmed its mandated electronic placement targets for H2 ##A . Each of the Lloyd 's syndicates will be required to use the system in at least 60 % of their written risks in 2018 , with the number rising to 70 % in Q4 . Lloyd 's set a target of using electronic placement in 40 % of its “ in scope ” contracts during Q1 2019 , with 45 % of the company 's total contracts placed using the system . The percentage of syndicates that met or exceeded the Q1 target , therefore eligible for a rebate on their annual subscriptions , was 50 % .
Lloyd ’s of London has confirmed its mandated electronic placement targets for H2 ##A . Each of the Lloyd 's syndicates will be required to use the system in at least 60 % of their written risks in 2018 , with the number rising to 70 % in Q4 . Lloyd 's set a target of using electronic placement in 40 % of its “ in scope ” contracts during Q1 2019 , with 45 % of the company 's total contracts placed using the system . The percentage of syndicates that met or exceeded the Q1 target , therefore eligible for a rebate on their annual subscriptions , was 50 % .