KEY FACTS –The reason for company failures 35% due to insufficient reserves 21% due to rapid growth (under pricing) 10% due to alleged fraud High profile collapses Gable 2016 – 200,000 policyholders Enterprise 2016 – 48,000 policyholders Quinn 2010 – 1.3m policyholders Make sure the insurer is approved by the Financial Services Compensation Scheme…
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