Editor's letter - September 2019

commuters

Back to work: The holidays may be over, but the news never stops in the broking sector

The summer break is over! The kids have gone back to school which must be a relief for some of you.

We had our summer break but it didn’t stop the news machine. The website was extremely busy with stories about Amanda Blanc’s shock Zurich exit after less than a year and the unexpected re-setting of the Ogden rate to -0.25%, a move that hit a number of insurers in the pocket due to over-optimistic reserving. We’ve also witnessed yet more issues with unrated markets.

We had our summer break but

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The growing role for brokers in fighting insurance fraud

With reports of fraud escalating in terms of value or number, the role of brokers in combatting these crimes should not be underestimated. Edward Murray looks at the controls, validation tools and processes being implemented to support both detection and prevention.

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