Accurate claims reserving is essential for all insurers in order to meet their regulatory and internal purposes. If reserves are not correct, this can have a significant impact on the solvency of a firm and the rates that it charges customers.
In this seminar, our speaker, Ed Gooda, will look at the nuts and bolts of claims reserving. He will examine how to reserve for complex losses and explore how insurers deal with claim reserves to calculate other reserves which they are obliged to carry.
The session will also consider the ramifications of claim reserves and how insurers can facilitate claims resolution in respect of disputes.
Whether you are actively involved in claims handling, or just want to understand more about how claims are reserved and the impact that regulation has on these reserves, join us at Clair Hall on Wednesday 28 November. You can reserve your place by clicking on the Book Now button below.
Please note that this event is scheduled to start promptly at 6.00pm and light refreshments will be served from 5.30pm onwards.
By the end of the seminar, you will understand
how insurers reserve for claims
the different types of reserve utilised by insurers
the impact of regulation on insurers' reserves
the differences between reserving within and outside Lloyd's of London
There is plenty of free on-site parking at Clair Hall and Haywards Heath Station is just a few minutes' walk away.
About our speaker
Ed is the Managing Director of both Fenchurch Park Limited, a consultancy practice, and Fenchurch Training Limited, a bespoke training firm in the Lloyd’s and London market.
He has worked in the insurance industry since 1988 and held senior management roles for a number of composite insurers and reinsurers, a managed general agency, a Lloyd’s managing agency and a firm of chartered loss adjusters.
Ed consults into The Chartered Insurance Institute in London, The Institute of Risk Management, The Singapore College of Insurance and two distinguished lecturing organisations in the United Kingdom; Ed has been involved in industry training for over 20 years.
Ed has extensive international underwriting and claims management experience in the Lloyd’s and London 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.