Question

What is the emphasis placed on regarding claims payment at Lloyd's?

a.

Speed and efficiency

b.

Document-based transactions

c.

Leading underwriters' approval

d.

Settlements through Electronic Data Interchange (EDI)

Answer: (a).Speed and efficiency Explanation:Considerable emphasis is placed on claims payment at Lloyd's to ensure greater speed and efficiency when agreeing and settling claims, allowing for a smoother claims process.

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Q. What is the emphasis placed on regarding claims payment at Lloyd's?

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