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Technology news - Xchanging and RI3K announce checking deal.

Europe Intelligence Wire

| October 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

Xchanging and RI3K have announced an initiative to allow early checking of contracts on-line. The early checking service, XPressCheck, will allow subscriber reinsurers to have their reinsurance policy wordings checked on-line by Xchanging prior to being signed.

"XPressCheck will be a crucial element in meeting the FSA challenges for contract certainty," says RI3K chief executive, Alex Letts. "RI3K already captures and delivers evidence of the reinsurance transaction in a standard format. This is crucial for contract certainty. Certainty will be further enhanced through slip wordings checked by Xchanging being delivered to ...

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