FCA’s New GI Pricing Practices, Product Governance and Product Value
New rules affecting Product Governance came into force on 1 October 2021 applying to commercial and personal lines insurances and additional rules regarding the Pricing of home and motor apply from 1 January 2022. The rules are wide-ranging and seek to address the ‘loyalty penalty’ paid by existing general insurance product customers and aim to ensure that customers receive fair value in the insurance products they buy.
Wed 23 Feb 10:00 am – 11:00 am
Property insurance. Understanding why there will be 15% + rate increases in 2022
The Insurance Institute of Northern Ireland is happy to announce that their next event will focus on property insurance. 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!
Wed 19 Jan 9:00 am – 10:00 am
SAVE THE DATE: Annual Family Pantomime: Cinderella
The Insurance Institute of Northern Ireland is happy to announce details of this year's pantomime, which this year is the story of Cinderella.
Sat 04 Dec 1:30 pm – 6:00 pm
Marketing trends, hacks and updates insurance professionals need to know
This webinar will focus on online marketing and social media.
Wed 17 Nov 10:00 am – 11:00 am
The Dynamics of the Insurance Market Cycle
This webinar will focus on the dynamics of the insurance market cycle.
Thu 21 Oct 10:00 am – 11:00 am
FCA Business Interruption Insurance Test Case - FOS decisions
This one-hour webinar will focus on a number of various decisions made on complaints referred to the FOS.
Thu 16 Sep 10:00 am – 11:00 am