On 15 January 2021, the UK Supreme Court handed down its judgement in the FCA’s business interruption (BI) insurance test case. There are significant implications for insurers in addressing their claims’ backlog, managing a potential surge in new claims and related communications to key stakeholders.
What insurers should do next:
Given the level of public and regulatory scrutiny surrounding this issue, FTI Consulting can support you to:
- Clear the backlog of claims and complaints
- Address reinsurance complexities
- Quantify claims
- Perform an independent review
To learn more about our proposed approach and credentials in these areas, click here.