Morning Data said its direct and reinsurance software for brokers and underwriters, Novus, now provides LMP slip format as standard.

The software also includes FSA compliance functions.

Morning Data’s development director Keith Harwood said: “Novus records when brokerage must be taken, when claims notifications must be dispatched and enables users to keep client and insurer money separate whilst not destroying the power of its symmetrical IBA ledger.

“It also allows our clients to maintain regulated and non-regulated activities separately for the FSA.

“Our clients have always experienced the dynamic development of Novus and as such benefited from all the latest features of the product without the worry of additional charges. This announcement today is merely a continuation of that ethos.

BSS 2024/25