Industry must plug claims leakage now.
Fraudulent activity is on the increase across the board, costing insurers millions of pounds a year. It is essential the industry works together to turn the tide on claims leakage, warns Michael Burnett.
The issue of claims leakage and fraud continues to hit the headlines.Recent figures suggest 25% of personal lines claims are exaggerated and worthy of scrutiny, while 5% of personal lines claims
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