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LAVA Systems lead partner for Lloyd's of London project

Lloyd's of London selected LAVA Systems as lead product and partner for Lloyd's proof of concept for its Market Information Repository project.

Insurance staff at a cross section of major London Market organizations have been given access to the Market Information Repository as part of the London Insurance Market Network (LIMNET) sponsored Trading Chain Pilot (TCP).

The TCP is being used to explore the business opportunities that emerge when all participants in the insurance process are given secure, easy-to-use access to a shared copy of any relevant business documents.

LAVA's Internet-based solution runs on Microsoft BackOffice products, including Microsoft Transaction Server, designed to ensure that the pilot is capable of being scaled up to accommodate the more than 5,000 users that will access the full system.

The Market Information Repository is one of the core enabling services defined as being key to the successful establishment of e-commerce with the London and global insurance markets.

Other core services include Public Key Infrastructure (PKI) security standards and X.500-based directory services. LAVA offers the flexibility to interface with third-party products in these areas.

LAVA Systems develops, markets, and supports products that information-enable the enterprise by integrating document management, imaging, workflow, and COLD capabilities with enterprise business applications, such as those provided by J.D. Edwards, Oracle, and SAP.