Infographic: London Insurance Market 2019 Processing

This infographic highlights the 2019 processing stats for DXC processing organisations that play a pivotal role in supporting the London Specialty Insurance and Reinsurance Market. For the first time we have experienced a marked slowing in premium transaction growth.

Claims volumes tracked upwards, but 2-day turnaround SLA on settlements was ensured. Central settlement values continue to grow in part reflective of a weak pound; however, it demonstrates the large foreign currency transaction earnings our customers underwrite. Writeback volumes have leapt 46 per cent over 2018 due to customer investment in new claims technology.

Across all systems and services there have been increases in data transferred, and documents lodged and shared. This reflects continued market efficiencies gained by being able to share structured and unstructured electronic data enabled by DXC.