Electronic trading of reinsurance is gaining a growing acceptance according to new membership statistics from internet-based trading platform inreon.
In the first six months of 2002 the number of companies registered to use the system increased by more than 100% and several target markets are now displaying a critical mass of membership.
To date more than 70 companies from 16 countries across three continents (Europe, North America and Asia) have signed the agreement in order to begin trading.
Chairman Kaj Ahlmann commented: "The inreon concept has received a positive reaction from many different quarters and that is now being demonstrated in widespread support for the platform.
"This growth in membership means we are now moving towards a genuinely global electronic marketplace for the reinsurance industry."
