Insurers warned to take strategic approach to modernisation

michael-graham

Replacing legacy software systems is vital to better serve clients and can provide a competitive advantages but it is vital firms take a strategic approach, Michael Graham, sales and marketing director at Sequel, has warned.

With around half the brokers and carriers in the Lloyd's and London market currently looking to review and replace ageing systems installed between the 1970s and 1990s, the transition needs to be

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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