Decisive steps need to be taken to prepare businesses for the introduction of the Accounting & Settlement (A&S) reform, the International Underwriting Association (IUA) has warned.
At an IUA market briefing on the reforms, members were urged to follow a specific action plan to be ready for the changes.
The plan had been designed to ensure businesses were aware of the resource requirements for implementation, said the IUA.
Members would also be made aware of the impact and benefits available from A&S to their organisations, it said.
