Comment: Creative fraudbusting

insurance-man

Appealing to the casual fraudster’s conscience won’t work – it’s time for a more direct approach, says Eddie Longworth.

Using technology to capture fraudsters is a no-brainer. Anything that works to bring wrongdoers to book makes sense, but what about the non-professional fraudster: the man on the Clapham omnibus?

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.