What could our proposed approach to modernising the MID and MIAFTR mean for your organisation? Here’s everything you need to know.
Our services were never designed to meet the demands of today's rapidly changing insurance market; a world in which the demand for better digital experiences, insurance fraud, and the drive for organisations to be more efficient are accelerating.
For our members, these changes have created a need for high-quality data available instantly in real-time. Modern experiences that evolve as quickly as the world around us.
Together, we have developed the first part of the MIB Product Roadmap. This detailed strategy will inform the future scope of our services, how they are used and accessed, the technologies they rely on, and many other factors that will bring significant improvements for you and your customers.
After in-depth discussions with organisations across more than 70% of the insurance industry, in November 2020, we agreed to focus on modernising our services through a phased approach.
After months of discussion and refinement in response to your feedback, the MIB board has approved our strategy for modernising the MID and MIAFTR over the next few years.
On 28 June, we shared the proposals with senior leaders from across the insurance industry at our Executive Roundtable Event.
The next few months will be about identifying what we collectively need to do to turn that vision into reality.
We'll be working with you to better understand what our proposed approach is likely to mean for your organisation. We want to hear about the challenges, the opportunities, and what else we can do to support you. We hope this will give us a clear picture of when we can roll out the first phase of improvements.
Based on your feedback, we'll then launch a tender process to find the long-term partnerships we need to build the modern, scalable solutions you want to see.
There are still questions that need to be answered to deliver everything our members need from the next generation of CUE. We look forward to working with you in the coming months.
Send us your questions, comments, and ideas at CustomerEnquiries@mib.org.uk or find us on social media.