CPD Webinar Presentation Tuesday 13 October 2020 - How to maximise opportunities in the hard market
‘If you can keep your head when all about you are losing theirs and blaming it on you. If you can trust yourself when all men doubt you, then yours is the hard insurance market and all the distressed clients within in it.’ (an insurance version of Rudyard Kipling).
There have been hard markets before, there have been recessions before, but never have the two emerged with such force at the same time. Policyholders desperate for savings will be receiving the unwelcome news of significant premium increases.
The door of client inertia will be swung wide open, presenting fantastic new business opportunities, as well as offering serious threats to renewal books.
Tue 13 Oct 3:00 pm – 4:00 pm
Alan Chandler,
CPD Webinar Presentation Wednesday 21 October 2020 - Understanding the implications of policy exclusions following Covid-19
We know pretty much the whole market will apply some sort of pandemic exclusion for pandemics/covid-19 or more worryingly the words communicable diseases will be used, this starts bringing all sorts of extra scenarios that will be excluded for clients. Importantly, this will be for liability as well as property and Bi and could leave a policyholder with a lawsuit that is not covered by their insurance policy.
How exclusions are worded will be incredibly significant, with some proposed wordings being very scary indeed. An example being 'losses whether caused directly or indirectly by communicable diseases are excluded' - this does not look too scary, but it is! if a fire engine is delayed getting to a fire because the part time crew were in pandemic lock down then this loss may not be covered, the disease does not have to be the proximate cause with this proposed wording.
All insurance staff need to understand the law relating to exclusions. This webinar will take delegates on a plain English walk on how the law applies to policy exclusions and proximate cause, so that they can explain to clients clearly and confidently the implications of the differing communicable disease exclusions that will be applied to your policyholders wordings.
This webinar is suitable for brokers, underwriters, claims staff and loss adjusters.
Wed 21 Oct 3:00 pm – 4:00 pm
Alan Chandler,
Save the date! CPD Presentation Tuesday 19 January 2021. A presentation by Bernard Thornton FCII Chartered Insurance Practitioner
Tue 19 Jan 6:00 pm – 7:00 pm
Novotel York
President's Message
The Insurance Charities Golf Day
Due to the current uncertainty around events and gatherings, the Insurance Charities has taken the difficult decision to cancel this year’s annual golf tournament.
However, they are pleased to announce that a new date is scheduled for next year on Wednesday 15th September. Once again they will be returning to The Warwickshire Golf & Country Club in Leek Wootton.
If you would like to reserve a place as a team (four-ball) or individual please get in touch.
If you are interested in sponsorship or donating a raffle prize please contact their Marketing Manager Victoria to discuss.
www.theinsurancecharities.org.uk
Tel: 020 7606 3763
Thu 6 Aug. 2020
CPD Webinar Presentation Wednesday 30 September 2020 "FCA Test Case - the judgement"
FCA Business Interruption Test Case - the judgement
This comprehensive and interactive one-hour webinar will focus on the judgement following the FCA’s ground-breaking test case at the High Court. The hearing concluded on 30 July and the judges have agreed to hand down their judgement for mid September. Eight days have been spent analysing countless policy wordings and individual words and their everyday meanings.
The FCA consider some 370,000 insureds have had payments denied as insurers have interpreted wordings only to suit themselves and each of the eight insurers’ counsel has presented evidence and argument as to why their interpretation is correct and why the FCA has got this wrong. This case will be momentous and will set clear precedent as to the clarity of wordings and what needs to happen to ensure future cover is clear and understood by all parties.
At the same time it will highlight the exposure for insurance brokers all of whom will have arranged these covers for clients (and some will be classed as co-manufacturers under PROD) and encourage them to robustly reassess their advice process under ICOBS and their overriding professional duty to clients thus ensuring their own professional indemnity costs remain reasonable (clearly not knowing how the case will go at this stage!).
Wed 30 Sep 2:00 pm – 3:00 pm
Branko Bjelobaba FCII, MIoD,
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