Interviews

Mark Pierce: HNW sector experiencing claims cost uptick due to ‘sharp increase in building costs’

By 2021-06-21T07:42:00

building costs

However, the sector is already returning to in-person visits so clients can access ‘the hands-on, professional approach and experience of an adjuster’

The cost of claims within the high net worth sector (HNW) is on the rise due to “a sharp increase in building costs caused by supply chain limitations and increased household demand”, according to Mark Pierce, operations director at loss adjusting firm Criterion.

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