Misys has formed a partnership with Taradale Consultancies in order to complete its business continuity solution for brokers launched in June this year.
The partnership provides brokers with a complete business continuity planning and management service in addition to Misys's IT loan solution, which was launched in response to FSA requirements.
The consultancy specialises primarily in SME business, including insurance brokers, and employs a network of consultants across the UK and Ireland.
Taradale's Martyn Chance, a specialist member of the Business Continuity Institute and former loss adjuster, said: “The service we are providing is more than disaster recovery. The FSA's Senior Management Systems and Controls source book (SYSC 3.2.19) states that brokers need to have a business continuity plan in place in order to become compliant in January 2005. It's no good having an IT solution if it's not part of an overall plan."
Misys General Insurance operations director Chris Guillaume said: “The original Misys business continuity solution includes a replacement system and frontline assistance so that brokers can continue trading using Misys system data.
"The extended service with Taradale provides top level planning and management in order to answer all the ‘what if's' i.e. what would happen with insurers in downtime situation? This adds value for Misys brokers as it provides a complete solution to enable them to meet FSA requirements.”
