Day one policy issuance should be industry standard: Airmic

UK risk managers' association Airmic has called on the
insurance industry to make sure written contracts take effect as
soon as policies go live.
According to Airmic, achieving day one policy issuance is only
possible if insurers, brokers and risk managers work together to
change market practice and start the renewal process earlier.
Currently, the Financial Conduct Authority's guidance aims
for policy issuance within 30 days of inception, but Airmic said
that this did not go far enough.