Flood and the 3 Rs

Flooding is a huge topic for UK insurers. Flood Re is now up and running but there is little appreciation of the next task they face which is to try and deliver a return to risk reflective pricing in a little over 20 years.

This event will review the historic approach to reinstatement of damage caused by floods, why this cannot continue and what better options are available. Also, the other key elements of improving the resilience of a property once flooded and how to mitigate the risk of being flooded in the first place are discussed. The event will be of interest to underwriters, claims handlers and brokers. This seminar is suitable for anyone who works in general insurance with a property element in their role

Learning Objectives

By the end of this session you will be able to:

• Appreciate the drivers behind the current industry concern and approach to flood

• Quick recap of Flood Re

• Fully understand the 3 key elements of Reinstatement, Resilience & Resistance necessary if the market is to return to risk reflective pricing

Mike Bond is both an experienced lecturer and a professional loss adjuster who has been dealing with claims most of his insurance career. He specialises in major loss property damage and has worked in the UK and overseas. His insight and passion for the industry shine through and always make his lectures engaging and worthwhile.

Mike has been a loss adjuster for 30 years, former Head of Property Claims for one of the national adjusting firms and since 2010 an Associate Director of Vericlaim UK Ltd.

Mike was President of the Insurance Institute of Sheffield 2014/5

To book your place email: ian.stockley@i.tescobank.com

If you have any questions feel free to contact our Education Secretary: ian.stockley@i.tescobank.com