The latest EDI survey published by InStep, the central point of reference for standards in the insurance industry, has revealed a 48% increase in the volume of motor insurance handled by CDL brokers over the past two years, placing the company’s market share on a par with software house, Misys.
Based on clients’ survey returns, InStep’s results show that between January and June 2004, CDL systems were used to write 400,000 cases of motor insurance via EDI, a significant increase since the same period in 2002 when 270,000 cases were written. The figures show an 18% increase from 2003 when 340,000 cases were recorded.
The same research indicates that this accounts for the vast majority of motor insurance business, with 94% now being written via EDI.
CDL general manager, Rick Slater comments: "The latest figures justify our policy of focusing on fast growing entrepreneurial brokers. CDL Classic is designed as a scalable, robust platform for high volume brokers, with our EDI cycle including integrated point of sale documentation."
"We are dedicated to partnership with clients, adapting our software to suit their needs and to help drive business efficiency. Certainly, it has been an exceptional couple of years in terms of product development at CDL and we fully expect to continue increasing our market share."
With a turnover of £11.7m, CDL has 5,500 licensed concurrent users including BDML Connect, Budget Retail Network, HSBC, Marsh, the OutRight Company and Peoples Choice.
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