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Avoiding the pitfalls

With the Financial Services Authority breathing down the necks of brokers, Sarah Hills assesses the pros and cons of outsourcing compliance-based work to consultants

One thing that all brokers have in common is the requirement to be compliant. No matter what their size, which business lines they sell, or which insurers they deal with, the Financial Services

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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