Solvency II / Ogden: 'The Perfect Storm'
The UK Insurance Market along with the rest of Europe is completely changing because of Solvency II. Since its implementation it has largely gone under the radar, however, it is causing massive changes to the UK insurance market place and what we are seeing is only the beginning.
The change in the Ogden Table rate has sped up the changes caused by Solvency II and together they are causing the perfect storm.
Alan has seen how the market place is reacting to this and he will explain, in plain English, the background of why solvency margins are so important.
Alan will also use this opportunity to build on last years Ogden presentation to explain where we are now, what may or may not happen next and how the combination of Solvency II and Ogden will continue to create lots of changes.
Why you should attend the event?
Understand and be able to explain to your clients how Solvency II and Ogden is affecting the cover and premium being offered by the market
Who should attend?
This will be of interest to all CII members – Insurers, Brokers and Loss Adjusters.
At the end of this event, delegates will be able to:
- Understand Insurers Solvency margins
- Obtain an overview of Solvency II
- Understand the current position of the Ogden table changes
- Understand and be able to explain to your clients how Solvency II and Ogden are affecting the cover and premium being offered by the market.
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.