Xchanging has launched the London Market Repository - an online information store giving subscribers access to supporting information needed for risk administration, processing, claims agreement and settlement.
The system can also be accessed by authorised third parties such as legal firms and loss adjusters.
Xchanging says it developed the system as a result of extensive consultation with the London Market.
Managing director John Benjamin said: "The London Market Repository is another vital step in Xchanging's programme of developments to improve the processes that underpin the efficiency of the market.
"It is an essential tool for brokers and carriers who want to increase their productivity and their competitiveness," he added.
