Ethics: Entering the moral maze

Man standing on maze

The insurance industry has a poor public perception, many believing that firms put short-term profit above long-term customer satisfaction.

Ethical conduct is essential in the insurance industry. With policy sales dependent on the ability to deliver on a promise, often in a time of crisis, insurers must behave in a way that ensures they

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.