The commercial vehicle and motorcycle sectors experienced the most significant growth in full cycle EDI trading during 2003, said Misys.

Misys said brokers using its EDI system completed more than 2.7 million transactions throughout 2003, with the figure projected to reach more than three million during 2004.

The motor and household sectors also showed significant growth in EDI trading among its brokers, said Misys.

Misys Financial System's head of insurance services, Helen Barker, said: "Our continued investment is a direct response to market demand for EDI enabled products and a greater understanding amongst brokers of the efficiencies that can be achieved by trading electronically.

"Insurers have also shown increased commitment to EDI development, with several having completely removed all manual products."

Barker said she had no doubt the number of EDI transactions would continue to grow during 2004.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics