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Mid-market 'forgotten' in industry claims processes

Mike Jones is president of CILA and chief operating officer at adjusting heavyweight GAB Robins
CILA's Jones 'surprised' by suggestions members delayed site visits

A mismatch between the relatively low rates paid by SMEs and their complex insurance needs has been identified as a key driver for the high levels of claims dissatisfaction reported by smaller businesses.

Brokers, insurers and loss adjusters all came in for criticism following the Financial Conduct Authority review into the way claims for businesses over the value of £5000 are processed, with a lack of

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

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