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8th August 2002 - MDS have today launched
their Motor Insurance Database Application System (MIDAS), a complete solution for
Insurers, Brokers and Policyholders to allow the UK's
estimated 350,000 Fleet and Motor Trade policyholders to easily and cheaply
enter data in to the Motor Insurance Database (the MID)
to fulfill their legal obligations, as set out in the
EU 4th Motor Insurance Directive, which comes in to
force on the 20th January 2003.
MDS are the sole independent provider
of solutions and our products cater for small, medium
and larger Insurers, for Brokers and for all types and
sizes of Policyholders. Our slogan is "Your partner
for MID compliance" and we are flexible and responsive
to customers needs.
From concept to production in just
4 months, the web site offers a spectacular range of
facilities to users, allowing them to use the full range
of mandated methods for data supply (Manual data entry,
Spreadsheets and File Transfer). Fully supporting all
the FS1.7 requirements, our Compare and Amend features
can be learnt in just a few minutes, allowing policyholders
to quickly and simply access the system.
For our first few customers, learning
times and helpdesk support have been lower than predicted.
Our estimates were 15 minutes per customer per year
- so far, we're averaging less than 10 minutes to get
each customer fully up and running.
If you're struggling with the 4th
Directive, contact us to discuss your requirements and
our solutions.
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