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Outsourcing: Benefits - Striking a balance

Insurers concerned about losing control of their business are often reluctant to look into outsourcing. If managed properly, however, outsourcing can light up a business and increase both efficiency and customer service, says John Byrne

Insurance companies transfer huge risks every day, yet still show reticence to transfer operational risk. Historically, the insurance industry has led the way in adopting and developing new processes

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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.

How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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