EDI increase reveals broker's strength
Recent figures from Misys show the increased use of electronic data interchange by brokers. In the y...
Recent figures from Misys show the increased use of electronic data interchange by brokers. In the year-ending February 2005, Misys systems were used to write 1.75 million policies via EDI - a 12.5% increase on the year-ending February 2004. Household EDI policies were up 26%, commercial vehicle doubled and bike more than trebled. Motor, being the most mature business line, showed an encouraging increase of 6%.
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