ABSs highlighted as claims upsurge threat as CMC numbers dwindle
The rapid demise of claims management companies and the subsequent reduction in bodily injury claims is in danger of being offset by the future strategy of insurance companies with alternative business structures, according to market observers.
A report from the Institute and Faculty of Actuaries last week (19 January) warned that despite a 35% decrease in numbers of CMCs operating in the UK, the rising popularity of ABS licenses among
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