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Collateral damage

Damage management is often misunderstood as just another unnecessary layer in the supply chain. However, Jonathan Davison explains, if insurers are armed with technical knowledge that can affect the outcome of claims

Because damage management is often misunderstood, its benefits are frequently under-utilised and opportunities to add value for the insurer can be overlooked or dismissed.

Communication is greatly

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FCA and PRA turn spotlight on MGA oversight

The Financial Conduct Authority and Prudential Regulation Authority are sharpening their scrutiny of managing general agents, stressing insurers must take primary responsibility for businesses underwriting on their behalf.

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