Risk Flow Network
Lloyds working to connect brokers, underwriters
Blue Mountain, a new electronic networking venture primarily underwritten by Lloyds (www.lloyds.com), will be launched into select industry classes throughout the second half of 2002 with a full rollout expected in 2003. Blue Mountain is using a technology called Risk Flow Network (RFN) to connect existing broker and underwriter systems in both the US and UK.
Currently, the plan is to complete a launch in the aviation, professional liability and property classes before moving to additional areas. Pricing details are still being explored; however, the current idea is to have users, primarily carriers and brokers, pay Blue Mountain for the service, which will remain independent of Lloyds. Users will then have the ability to send risk data to non-users who can access the information with no additional functionality or integration.
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