Page 6: of Maritime Reporter Magazine (March 1992)

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A/S Vesta . P.O. Box 548 . Gasvacrksvej 7 . DK9100 Aalborp . Denmark

Tel.: +45 98 114000 . Fax: +45 98 103001 . Telex: 61730 vesia dk

ILU Asks Speed-Up

In Use Of Electronic

Claims Systems

When arranging coverage for a ship in the London market, insur- ance brokers will soon be able to conduct negotiations with under- writers over a computer. Already, dummy trials are being held, with live electronic placing scheduled to start in April.

The Institute of London Under- writers (ILU), which is pressing its members to speed up the introduc- tion of electronic claims systems, wants to see all claims business com- puterized by the end of the year.

When paperless underwriting systems were first contemplated, many brokers and insurers felt that electronic placement would not be suitable for marine risks because of their size and complexity. But that perception has changed, according to Charles Wilkins, data process- ing manager at the Institute of Lon- don Underwriters, which represents 101 marine and aviation insurers in the company market.

He claims marine risks are not necessarily any more complicated than non-marine risks

The move toward paperless trad- ing systems in the marine insurance markets is progressing parallel to similar initiatives throughout the

London market. The London Net- work Management Committee is coordinating the project in which the Lloyd's Insurance Brokers Com- mittee, Lloyd's of London, the Insti- tute of London Underwriters, and the London Insurance and Reinsur- ance Market Association are par- ticipating. Lloyd's and the company market will all start testing elec- tronic placement systems together next month.

The first phase will enable a bro- ker to prepare a risk package pro- posal on screen, to obtain quotes from underwriters, send a confir- mation of a firm order, and provide a facility for processing endorse- ments to a risk package held in the system.

In the USA A/S Vesta is represented by 4 sister companies who will render full scale sales, service and technical support.

Aalborg Ciscrv

Houston, Inc.

Tel. J-1 409 849 2010

Fax: +1 409 849 8679

Tlx: 792720 ab bos aglt

Aalborg Ciscrv

Norfolk, Inc.

Tel.: +1 804 545 7156

Fax: +1 804 545 4763

Tlx: 244801 ciserv chpk

Call For Papers

ForASNE DDG-51

Technical Symposium

A call for papers has been issued by the Northern New England Sec- tion of the American Society of Na- val Engineers (ASNE) for technical papers concerning the "DDG-51

Class: A Surface Combatant for the 21st Century; from Design to Con- struction, the Evolutionary Process."

The papers selected by the sec- tion will be presented at a section- hosted technical symposium, spon- sored by the Supervisor of Ship- building, Conversion and Repair,

Bath, Maine, with participation by

Bath Iron Works Corporation, Bath,

Maine, on September 23-25, 1992, at the Atrium Inn and Convention

Center, Brunswick, Maine.

Although the deadline to submit abstracts was February 28, 1992, the Northern New England Section has issued a second call for papers.

Anyone interested in submitting an abstract should immediately con- tact Roger Deveau, Supship Bath, at (207) 443-5446. Final papers are due June 15, 1992, and should be sent to ASNE-NNE, P.O. Box 206,

Bath, Maine 04530.

For further information contact:

Mr. Deveau or Andy Hargreaves,

M. Rosenblatt & Son, 101 Leeman

Highway, Bath, Maine 04530; tele- phone: (207) 443-1392.

Industry Day Seminar