Mactavish calls for radical reform of the UK insurance industry
Consultancy says the UK insurance sector is on an “unsustainable trajectory” as it warns of a decline in broking and underwriting skills.
Mactavish has called for urgent and radical reform of the UK commercial insurance sector.
The company said it believes a long-term focus on price over value of cover has led to “considerable erosion of insurance contract quality, growing opacity around broker fee structures and an increasing one-size-fits-all approach to complex risks”.
The insurance consultancy has today (4 March) launched a year-long investigation and discussion programme, which it said aimed to encourage debate from across
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