Electronic exchanges find their legs.* Electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. is gaining traction Traction Definition Traction is the use of a pulling force to treat muscle and skeleton disorders. Purpose Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis. in the insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. markets. * An electronic insurance exchange is important because it facilitates risk distribution through one transparent and auditable medium. * A Web-based platform establishes contract certainty, integration, data accuracy, efficiency and cost reduction. * Survival of an electronic insurance exchange depends on understanding the needs of the users. |
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