WEBINAR: The Rise of Errors and Omission Claims Against Brokers and why Broker Pi premiums are soaring
A link to join the webinar will be issued after booking.
Overview of webinar
Broker Professional Indemnity premiums are in many cases doubling which reflect the fact that Pi underwriters believe the possibility of brokers has never been higher. This presentation will explore why the amount of errors and omission claims against brokers are on the increase and how these can potentially be mitigated.
Various new pieces of legislation including the brokers duty under the Insurance Act 2015, GDPR and the Insurance Distribution Directive are making brokers more vulnerable than ever, which coupled with increased litigation in society, increased client expectations and ever higher regulatory demands mean that brokers cannot continue to do what they have always done, far more proactivity is required.
Alan Chandler who is widely regarded as one of the leading trainers and presenters within the UK will provide a number of examples of how the tide of litigation is turning against insurance brokers and what they need to do to mitigate their E&O risks.
By the end of this session, delegates will be able to:
understand why broker error and omission claims are increasing
understand how recent statutes are increasing the E&O risk
Take positive action to mitigate these E&O risks
The webinar will be held via ZOOM. Full joining instructions will be sent on booking.
If you know of any other CII Members who would like to attend but have not received the invite, please ask them to update their CII Communication Preferences at https://www.cii.co.uk/membership/updating-your-preferences/
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.