Much has been written about Kinnect, the Lloyd's connectivity platform, but until now no journalist has actually seen it.
Backchat was at the front of the queue and can report back on the progress so far.
What does it look like? Market participants can use their own systems to enter data, or Kinnect's browser. The browser contains fields that risk data, such as location and sum insured, can be entered into. LMP slip format is used, supporting documents can be attached and contract terms can be added from the market's database.
So far, so good. But the system lives and dies by the success of the supporting technology allowing the transfer of data between brokers' and underwriters' systems. And Kinnect is also going to have to persuade the market to use it when they might prefer to be in Balls Brothers rather than doing data entry.
