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Concerns sparked over quality of insurer supply chains

Water leaking through a colander

Leading insurers have raised “serious concerns” over the 
industry’s ability to handle water perils claims, with restoration companies shouldering a large proportion of the blame.

This damning assessment follows a six-month market survey by LAS Claims Management, in which claims experts from 22 of the UK’s top insurance and broking firms were asked to provide feedback in terms

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

KPMG urges caution as AI reshapes insurance claims

Artificial intelligence can transform claims handling, but Matthew Smith, insurance strategy and transformation lead at KPMG UK, says insurers must balance technical innovation with human judgement, governance and ethical oversight.

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