Frauds come in a number of different shapes and sizes and they don't fall in a single box or category, according to the chair of Insurance Fraud Taskforce.
Aviva, Prudential and Society of Lloyds are among a group of UK large insurers to have secured approval from the Prudential Regulation Authority (PRA) to use internal or partial internal models under the Solvency II directive.
The Bank of England (BoE) has announced that tomorrow (5 December) it will publish a list of insurers whose internal or partial internal models have been approved for Solvency II.
The cities with the highest number of road accidents resulting in a personal injury claim are all located in the North West of England, according to a report by the Institute and Faculty of Actuaries (IFoA).
Customers want insurers to deal with them in different ways. Thats the view of Russell Whitehouse, head of risk and compliance at AXA, as he outlined ways in which insurers could drive innovation.
Essex has been identified as the county with the largest pension pots for annuities with the average total pot size standing at £125,478, according to data analysis.