CDL confirms it’s on track to deliver automated solution for FCA prescribed wording
Implementing updates for regulatory changes is a “well-trodden” path says commercial director.
CDL's Strata users have started to receive the necessary updates to deliver the prescribed wordings on policy renewals, Nigel Phillips has confirmed.
The software specialist's commercial director told Insurance Age that the roll-out had begun on Valentine's Day and that it would follow for users on Classic in a week.
New rules are coming in from the Financial Conduct Authority as of 1 April around renewal transparency.
These include that at each general insurance renewal firms have to include a
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