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In series Competitive edge: A ring of steel to combat fraud

Ring of steel

Insurers must have systems in place to prevent fraud, but many have taken this to a higher level and are gaining a competitive edge over their peers.

Fraud is a major problem for the insurance industry, costing insurers and their policyholders around £2bn a year. But, with fraudsters always on the lookout for soft targets, insurers are working

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Q&A: Preferred’s Lee Sadowski

Having departed Crawford & Company in 2023, Lee Sadowski joined insurance property claims specialist Preferred – a company he had previously tried to buy – as chief strategy officer. Almost two years on he reflects on diversification and achieving zero complaints with a strategic client.

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