President Bill Clinton and his campaign team once said that when it came to what's important to American voters, "It's the economy, stupid!" In London, the equivalent would be, "It's the socializing and networking, stupid," when market change is associated with technology.
Contrary to popular stereotypes, the London market is steeped in technology--though historically in the areas of financial reconciliation and settlement through a central bureau, via electronic claims agreements and electronic endorsement agreements.
More recently these systems have been enhanced by the added value of electronic scanning of documents to help in the agreement process between London brokers and London underwriters, and with the administration of claims.
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