Operational reform efforts in London have proven successful for those doing business here–particularly via Lloyd's, which has endeavored to take the world's oldest insurance market away from its inefficient past, in terms of dotting the "i's" and crossing the "t's."
Indeed, the lack of an underwriter's signature and missing fine print within the client's policy are now, more or less, no longer an issue.
The United Kingdom Financial Services Authority was fairly instrumental in initiating this turnaround three years ago. Since then, the momentum has increased, with the market embracing electronically scanned documents for claims and probably endorsements as well in the near future.
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