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Airmic’s basis contract clause campaign bolstered by heavy hitters

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Lloyd’s market remains reticent to address elimination of avoidance clauses.

AIG and XL Group have become the latest insurers to distance themselves from the use of basis of contract clauses within UK policies, as the Association of Insurance and Risk Managers’ bid to

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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