Single IT platform intended to reduce friction between credit hire and insurers
The newly merged credit hire association is exploring the creation of a single IT platform to speed up the claims process.
Last week, the executive committees of the Accident Management Association (AMA) and the National Association of Credit Hire Operators (NACHO) agreed to merge, and recommended acceptance of the plans to their respective memberships.
AMA director-general Tony Baker will head the new association, with NACHO secretary Barry Bromley becoming membership secretary. Membership will account for around 90% of the credit hire market.
Baker said that one of the new association’s key objectives would be to reduce the friction between insurers and credit hire organisations through the establishment of a website covering the entire sector. He said: “Credit hire companies will be able to put all the information required by insurers to process their claims quickly.”
The new association is expected to be fully up and running by early June.