London Market warned over ECF compliance after take up troubles
The London Market has missed its 60% third-quarter target for usage of electronic claims files (ECF)...
The London Market has missed its 60% third-quarter target for usage of electronic claims files (ECF) by 15%, making the year-end target of 100% "more challenging", according to the Market Reform Group (MRG).
Although the MRG applauded the "significant progress" made on ECF from the start of the year - when usage was at just 5% - Dane Douteil, CEO of Brit and MRG chairman, warned firms slow to adopt ECF that "they risked being left behind by their competitors".
However, Sue Langley, Lloyd's
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