Pet owners have been injuring or even killing their pets to secure insurance payouts as it emerged that dishonest claims on animal policies quadrupled last year.
A report in The Telegraph revealed that insurers were beginning to detect increasingly sophisticated fraudulent claims in the pet insurance market. Examples cited in the article included getting rid...
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
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