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  • TCF

Tom Baigrie: Transparency is key

'Closed book insurers should publish their claims stats'

Tom Baigrie, CEO of LifeSearch
Tom Baigrie, CEO of LifeSearch
  • Tom Baigrie
  • 30 November 2018
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We should not tolerate 'outlier business models' when it comes to claims, says LifeSearch CEO

Todays' protection market is utterly changed from the one which my business joined in 1998. There isn't one thing about it that hasn't improved, and many things that have improved beyond recognition. One of the latter is the way claims are talked about and more importantly settled by our insurers. When a group of us started agitating more than a decade ago for insurers to publish their claims-paid rates, we met a wall of objections as to why it could not be done fairly, and why it wouldn't make...

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