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Shedding the dead wood

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The growing popularity of business transfers under Part VII of the Financial Services and Markets Act has enabled UK insurance companies to offload discontinued business, and their appeal is widening, reports Juliette Stevens

Since their introduction in 2002, the popularity of insurance business transfers in the UK, under Part VII of the Financial Services and Markets Act, has been growing. In the last four years nearly

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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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