Financially stressed policyholders are a ‘moral hazard’ leading to increased claims

piggy bank, financial stress

Insurance Times explores the correlation between policyholders’ financial stress and their propensity to make claims - here, we explain what insurers can do to recognise and aid these vulnerable customers…

With 60% of individuals in the UK experiencing financial or monetary stress, this could prove to be a key driver for fraud and increased claims volumes. Here, Insurance Times takes a closer look at this connection and how insurers and brokers can use data enrichment to identify and support this specific group of vulnerable customers.

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