CPD Webinar - The Rise of Errors and Omission Claims Against Brokers and why Broker PI premiums are soaring
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.
This webinar will be delivered via the Zoom platform. Joining instructions will be issued to delegates prior to the event starting. Delegates will need to register before 12 noon on 09.07.2020 in order to receive joining instructions in advance. Should you have any queries please email email@example.com
If you know of any other member of the Insurance Institute of Leicester who would like to attend but has not received the invitation, 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.