The impact of Brexit and whether insurance regulation in the United Kingdom is overseeing the sector appropriately are among the factors under review by a committee in the House of Lords.
From establishing solid communication processes to utilizing technology while integrating a personalized touch, today’s claims handling is a melding of innovative strategies and long-standing approaches.
Insurance is generally a good business in the moral sense, in my view, serving as it does the smallest and largest of risk takers at their time of need.
With third-party litigation funding reaching $17 billion in 2021, companies and their insurers are likely to see an uptick in social inflation in the years to come.