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 Monday, 23rd March 2009, 12:20:00

IBM to host Lloyd's Exchange messaging service

IBM to host Lloyd's Exchange messaging service

Businesses that turn to global computing giant IBM for its web hosting services are in good company following the announcement of a new client on its register.

The firm has revealed that it is to join forces with leading insurance provider Lloyd's to trial a new messaging service.

Lloyd's Exchange will see IBM service the electronic distribution of data between insurers and brokers on the London Insurance Market.

The web-based technology, provided by IBM, will aim to eliminate all paper-based operations in the sector.

Graham Wright, of IBM Global Business Services, explained: "Our messaging service caters for all levels of technology sophistication so that the whole market will be able to participate."

This comes after analyst firm Gartner named IBM as the best data outsourcing service provider in western Europe in its latest Magic Quadrant for Data Centre Outsourcing Services report.

It claimed that the computing magnate's delivery model and technical excellence makes it particularly strong during the recession.

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