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Solicitors' PI: The road to reform

winding road

In recent times, the solicitors' professional indemnity market has been travelling a difficult path. Jane Bernstein examines the road ahead by taking a close look at proposed industry changes and the effect they may have.

This year's run-up to renewal of solicitors' professional indemnity insurance has been particularly challenging. High-profile insurers Quinn, Hiscox and Catlin have withdrawn from a market that

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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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