Wildnet has launched a solution designed to solve contract certainty challenges that face the insurance market.
The company said the product, Wild Certainty, is being implemented for its first customer and will go live in fourth quarter this year.
Wildnet chief executive Mark Birrell said: “We believe that this is the first technology solution in the market totally focused on providing help, for both brokers and underwriters, to meet their requirement for contract certainty and FSA regulations”.
He said that Wild Certainty, built on Microsoft .Net technology, was a web-based application that supported multiple authorised users and would generate quotes, cover notes and policy documentation in an efficient and timely manner.