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News focus - Technology - RI3K and Xchanging launch tech framework for London market.
(From Reinsurance)
RI3K and Xchanging have introduced a new joint project called FELIX - the Framework for the Electronic London Insurance eXchange.
FELIX charts the business processes, messages and enabling market-technology services needed to provide an end-to-end electronic insurance exchange. It is specifically not, say its creators, an organisation, but a framework that guides the development of commercial components and services that companies such as Xchanging and RI3K build.
"At a recent meeting with 21 companies from the London market, RI3K and Xchanging were asked to outline a roadmap for delivering all-embracing e-commerce and efficiency gains for everyone within the London insurance community," said RI3K's chief executive Alex Letts. "We were told there should be no 'one-size-fits-all' technology blueprint, and that the watchwords should be choice, flexibility and ease of entry to dovetail with each individual company's strategy and capabilities."
At a recent ACORD conference where FELIX was discussed, these watchwords were translated into ...
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