Brokers face income hit after Ministry of Justice closes CMCs

ministry-of-justice

The Ministry of Justice (MoJ) shut down 734 claims management companies (CMCs) in 2011, according to recently released figures.

This represents almost one fifth of the total number of CMCs that were operating in the UK at the beginning of last year, a sizeable chunk of a market by anyone’s standards. Clearly, the claims management industry is not having an easy time of it at the moment.

“Obviously there are different types of CMCs,” said Chris Shaw, commercial director at Ai Claims Solutions.

“A

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: