LV= extends commitment to next generation insurance services
Newbury, UK â€`` 30th April, 2008 â€`` edge IPK, the leaders in SOA presentation layer technology, today announced that the mutual insurance and investment group, LV=, has extended its commitment to developing cutting edge, next generation insurance services, by purchasing an Enterprise Licence for edgeConnect, a platform that provides all the infrastructure to allow businesses to rapidly create dynamic browser enabled applications across all distribution channels. With an Enterprise Licence, LV= now has full reign on implementing edgeConnect across its General Insurance division.
Until now life insurers were allowed to invest in VC funds but it was subject to the condition that the investment would be predominantly in infrastructure .