Xchanging Ins-sure has confirmed in a letter to the Lloyd's Market that claims convergence has been successfully implemented.
Several Lloyd's syndicates had complained last month that insufficient data checks were being carried out by Xchanging at syndicate level. They also expressed concern about reconciliation of data.
But Xchanging argues that having replaced its existing internal claims processing system with CLASS, it will now be able to "improve validation of data input and therefore quality of data input".
In a statement to Lloyd's managing agents last week, Xchanging said: "This communication confirms that claims convergence was successfully implemented."
"Xchanging has received a small number of inquiries relating to the reconciliation of post convergence data, and is pleased to confirm that these inquiries have all been successfully concluded," said the statement.
