Insurance Database Services Ltd (IDSL) has entered into an agreement with Motor Insurers’ Bureau Management Services Ltd (MIB MSL) for the provision of infrastructure and management services. The decision, designed to add value and secure long term resilience to IDSL services, takes place with immediate effect and has been approved by the Association of British Insurers’ General Insurance Committee (ABI GIC).
MIB MSL will report to the IDSL board and have responsibility and accountability for the management of the database services operated by IDSL: Claims and Underwriting Exchange (CUE) and Motor Insurance Anti-Fraud & Theft Register (MIAFTR). IDSL members have been contacted and received confirmation that users of CUE and MIAFTR should continue to access and utilise the databases as previously. A project team is in place at MIB MSL to manage the transition of CUE and MIAFTR data asset management from IDSL and to ensure a business as usual service for members. IDSL members will additionally benefit from formal account management services and a single point of contact at MIB MSL.
Phil Nunn, Interim Chief Executive, IDSL comments: “IDSL undertook a strategic review of its evolving market place in 2010 which recognised an increasing demand for use of CUE and MIAFTR data in consumer facing transactions such as motor quote, new business and renewal for underwriting purposes. Acknowledging the limited resources available to IDSL, and following consultation between the respective Boards, MIB MSL was appointed to provide the necessary support and experience to ensure the data assets grow in value for IDSL members and remain fit for purpose and robust as their uses evolve.”
Ashton West, Chief Executive, MIB comments: “MIB MSL has a proven track record in providing support services to the industry and has established data asset management, finance, compliance, project management and account support expertise. This appointment harnesses relevant expertise and will leverage operational efficiencies going forward. MIB MSL is committed to supporting the industry in the use and development of these valuable databases.”
Source : IDSL/MIB Press Release