Report says 80% of insurers could fall short of contract certainty targets
A survey of the largest insurance companies in the UK has claimed that only 20% have moved to primarily electronic document storage. The report's author, Skywire Software said this has left the vast majority in a precarious state of readiness for the new contract certainty regime "mandated" by the Financial Services Authority.
Meant to speed the process of policy generation by business risk underwriters, contract certainty requires that brokers and insurers provide clear, comprehensive and fully-agreed documents for 85 per
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