Brokers told to tackle fraud to stay ahead of competition
Industry wide solution needed in the fight against fraud
The on-going fight against insurance fraud has once again hit the headlines with industry commentators highlighting the role it needs to play in the continuing soft market. In an analysis of the impact of the Gender Directive, Ernst & Young forecast that the law change could reduce the overall profitability of the UK motor insurance market by 2% in 2013. With the industry as a whole unlikely to make an underwriting profit in motor, Catherine Barton, partner in the accountancy firm’s financial
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