IFAA begins consultation process for insurance claims adjustment
The International Federation of Adjusting Associations (IFAA) begins a consultation process next month with the ambition of creating a universally recognised best practice protocol for the adjustment of insurance claims and will be inviting representatives of the EU, IMF, World Bank, OECD and financial regulators to contribute, the federation said in a statement.
Paul May, incoming president of the IFAA, said that a lack of co-ordination from these bodies on the subject of insurance adjusting and claims handling means that insurers are often over-exposed in
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