Cashing in on crashes

Two car shunt

Sarah Adams reports on 'crash for cash' scams and how geographic data can help prevent fraud in this area.

Given the complexity of the organised crime rings involved in 'crash for cash' scams, insurers are constantly looking for better and smarter ways to stay one step ahead of them. Using geographic

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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.