Brokers must get up to date

Brokers need to update their systems and beware of old software, said Jim McGuiness, chief executive...

Brokers need to update their systems and beware of old software, said Jim McGuiness, chief executive officer of InsurE-com.

McGuiness urged brokers to look at their basic systems, warning them that UNIX and DOS systems will not be supported for much longer.

He added: "Microsoft will also stop supporting Windows 95/98 after Christmas, so don't invest in anything like that.

"Brokers will need to move to a new system. And beware of pale imitations - if a software company says a product has a Windows

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FCA adds four more S166s to sector

The Financial Conduct Authority has slapped the general insurance and protection sector with another four skilled person reports as the crackdown continues.

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