Premiums 'more likely' to edge up despite claims fraud crackdown: Fitch Ratings
Insurers are unlikely to get a profit boost from a reduction in fraudulent claims and are instead expected to use savings to keep premiums down amid surging average claim sizes, according to Fitch Ratings.
Following the takeover of CMC regulation by the Financial Conduct Authority on 1 April, an anticipated reduction in the number of fraudulent claims is not likely to boost insurer profits, ratings
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