Thе form of the UK market sector such as insurance has a very great popularity around the world. Insurance legislation is loyal and democratic. It is regulated by the law on financial services of 1986, which did not suffer significant changes, but was only completed by some amendments which was adapting it for the modern market.
The British insurance market is considered as the top of insurance in the world. In London, all of the largest insurance companies, their representatives and associations are concentrated. The world's largest insurer is placed here- Lloyd's Corporation, the base of which happened in 1680.
Much of Lloyd’s business works by subscription, where more than one syndicate takes a share of the same risk. Business is conducted face-to-face between brokers and underwriters in the Underwriting Room.
When we talk of Lloyd’s, we should consider two distinct parts. The market, which is created of many independent businesses, which is there – truly
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