Pick of the week: Credit-hire organisations and insurers sign up to general terms of agreement; Towergate brokers join rival firm...

Post reporter Leigh Jackson looks at the latest credit hire changes and other major news stories from tomorrow's issue of Post Magazine

Post reporter Leigh Jackson looks at the top stories in this week's Post magazine: Credit-hire organisations and insurers to sign up to the general terms of agreement; Towergate brokers join rival

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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.