Comments on: Lloyd’s Exchange sends first message http://blogs.lloyds.com/2009/08/14/lloyds_exchange_sends_first_message/ A blog for Lloyd's Thu, 25 Feb 2010 16:56:21 +0000 http://wordpress.org/?v=abc hourly 1 By: Carl Phillips http://blogs.lloyds.com/2009/08/14/lloyds_exchange_sends_first_message/comment-page-1/#comment-480 Carl Phillips Thu, 08 Oct 2009 08:53:51 +0000 http://blogs.lloyds.com/?p=820#comment-480 You are right; one message doesn’t make an exchange of information. But at the point of writing the blog, 24 market firms had connected to the Exchange and had sent over 2000 test messages. Lloyd’s Brokers and Underwriters should be aware of the efficiency and cost savings using the Exchange will realise through the reduction in connections. The messaging hub will remove the need for multiple peer to peer connections. If we suppose that 150 brokers connect with 150 insurers, it would create 22,500 separate connections (150*150 =22,250). With the Exchange there would only be 300 (150+150). It’s simple maths really. You are right; one message doesn’t make an exchange of information. But at the point of writing the blog, 24 market firms had connected to the Exchange and had sent over 2000 test messages.

Lloyd’s Brokers and Underwriters should be aware of the efficiency and cost savings using the Exchange will realise through the reduction in connections.

The messaging hub will remove the need for multiple peer to peer connections. If we suppose that 150 brokers connect with 150 insurers, it would create 22,500 separate connections (150*150 =22,250). With the Exchange there would only be 300 (150+150). It’s simple maths really.

]]> By: ben kahn http://blogs.lloyds.com/2009/08/14/lloyds_exchange_sends_first_message/comment-page-1/#comment-466 ben kahn Mon, 28 Sep 2009 07:55:37 +0000 http://blogs.lloyds.com/?p=820#comment-466 Not convinced the 5th point has been wholly established after one message. Not convinced the 5th point has been wholly established after one message.

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