CPD Webinar - Inflation and the Insurance Considerations

Thursday, 01 September 2022
11:00 am – 12:00 pm (UK time)
    • Diane Jenkins BA (Hons), ACII, Chartered Insurance Broker, Nick Thomas & Associates

This session will consider what affect increasing inflation has on business insurance, what clauses and cover issues brokers and insurers need to consider for various classes of cover.

Contents List

  • General effect of inflation on insurance;
    • Solvency margins
    • Rate increases
  • How inflation causes sum insured/limit issues;
    • Underinsurance and average
    • Policy limits – including inner limits
    • Fair presentations
  • Cover
    • Declared value, index linking, adjustable limits, first loss on property /construction policies
    • Declaration link on BI, suppliers’ extensions
    • Motor - Market value
    • Credit
  • Claims issues
    • Supply chain increasing costs, delays
    • Reserving

Learning Objectives

By the end of the course, delegates:

  • Be aware of the affect that inflation has on insurance;
  • Know which covers help provide clients with protection against effects of inflation;
  • Be able to identify claims issues caused by inflation.

CII Accredited

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.