Events

The FCA want to see a higher level of consumer protection in retail financial markets, where firms compete vigorously in the interests of consumers and they wish to drive a healthy and successful financial services system in which firms can thrive and consumers can make informed choices about financial products and services.

We need you! (To get down to our AGM, that is...) Your council invites you to attend the 2022 Annual General Meeting of the Insurance Institute of Coventry. Hear first-hand reports from council members on previous and future activities and vote on the appointment of new council members. If you feel you could make a positive contribution, it is an ideal first step to becoming involved.

On 29 January 2022 some significant alterations were made to the Highway Code, known and trusted for many decades as the ‘Road Users’ Bible’. This new edition changes many common perceptions as to the rules and etiquette of the road, for instance, priorities at junctions, awareness, spacing and the creation of a ‘hierarchy’ of road users. The webinar will be of value to everyone using a public road. Specifically it will be of value to insurance personnel dealing with Motor underwriting, claims or client facing in any way.

We are in now in the midst of the first hard market for many years; many insurance professionals have never experienced a hard market before. The first in our series of hard market sessions provides an understanding of how the insurance market cycle works.

A combination of higher materials and labour costs will mean insurers are likely to need 9.6% increases just to cover rebuild cost inflation in the UK. However, given most need additional rate strength of around 6% to balance their loss-making property books, this will mean policyholders looking at rate increases of around 15% in 2022 on top of the 2021 increases.

The are constant reports of back to back virtual meetings, and employees at all levels having to work longer hours. With organisations returning to the office partially, this will continue; and new ways of working need to be discovered.