Claims "the Cinderella" department says Medicals Direct

clock

Medicals Direct has claimed there is a lack of investment in the Claims function within the UK protection industry.

The medical and risk functions outsourcer said 34% believe that lack of investment in claims systems is the biggest problem that claims managers face, while 55% of claims departments believe there is increased pressure to cut costs. Medicals Direct spoke to over twenty players in the protection market, asking about the way that claims are currently handled in the UK market focusing on the views of senior management about how claims are processed. There also appears to be a deterioration in relations with the Financial Ombudsman. 33% of those surveyed believe that the industry relatio...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Service

L&G ploughs £40k into stroke awareness campaign

Legal & General has agreed to provide £40,000 in sponsorship for Action on Stroke Month in May 2014.

clock 10 January 2014 •

Zurich chairman resigns after CFO 'suicide'

The chairman of Zurich insurance group has resigned days after the apparent suicide of chief financial officer Pierre Wauthier.

Carmen Reichman
clock 29 August 2013 •

Zurich CFO found dead

The chief financial officer of insurer Zurich Group was found dead at his home yesterday morning.

Carmen Reichman
clock 27 August 2013 •