ABI welcomes new MoJ compensation system

Nick Starling

However, GI head Nick Starling call on its remit to be extended.

The Association of British Insurers has welcomed the compensation system for motor claims announced today by the Ministry of Justice, but called on the Government to extend it to other areas.

The new

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.