Tag: CDR

75% of insurance organisations will replace core insurance management platforms by 2025, according to a new global report from Novidea. 

The insurance industry relies heavily on efficient data communication, and two key terms, the Core Data Record (CDR) and the Market Reform Contract (MRC), play significant roles in standardising this communication. While distinct, both concepts contribute to insurance processing and documentation, streamlining operations in the sector.

Novidea has launched a platform designed to help brokerages deal with the digital revolution started by Lloyds’ implementation of the Core Data Record (CDR). 

Australia-based Biza.io, which offers Consumer Data Right (CDR) solutions, has reportedly raised $7.5m in its Series A funding round.

The Australian Competition & Consumer Commission (ACCC) has delayed the implementation of the Consumer Data Right (CDR) by five months.