Going to waste?

A new directive concerning the disposal of waste electrical and electronic equipment is likely to have a big impact on the way the insurance industry handles claims and its replacement goods strategies. Bob Still investigates.

Somewhere in the region of 900,000 tonnes of electrical equipment is
discarded each year in the UK. With a large portion of these items
resulting from damage by flood, fire or accidental damage, the

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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.