Do you know your clients’ biggest exposure to fraud?
They do! Sadly, it’s their own employees.
UK workplace fraud is at a 15 year high, with £2.11 billion of recorded fraud in 2017, according to a BDO study. Mark Smith, Senior Management Liability Underwriter at Probitas, shares his thoughts on employee fraud.
Insurance is not generally considered as the most creative industry. However, at Probitas we firmly believe that underwriting is an art form.
Creativity is, at it’s very core, about solving problems. There’s a real skill in thinking outside of our traditional beliefs and notions. Allowing ourselves to consider options and solutions that aren’t obvious. Posing the question, how can we view the norm in new ways?
It’s important to us that our LatAm relationships are built on solid ground, which you simply can’t do with the Atlantic Ocean between us. Meeting face to face cannot be replicated, and with our belief that transparency is a cornerstone of any good partnership, I packed my diary full of meetings and headed off for another mini tour.
Collaboration is a sign of a good team. It’s well recognised that it adds value in innovation and engagement across a business.
Our UK Property and Casualty Senior Underwriters, Mark Pearce and Richard Beaumont, have been working closely together to enhance the service we offer our brokers and the insured. They tell us how working together produces results.