Insurance Act
Airmic 2016: Risk managers concerned about broker conflicts of interest Airmic survey finds
Risk managers are increasingly worried about broker conflicts of interest and broker-controlled capacity according to the annual Association of Insurance and Risk Managers survey.
Airmic 2016: Airmic publishes fair presentation clause
Airmic has published a clause to protect policyholders who innocently breach the duty of fair presentation introduced in the Insurance Act.
C-Suite Insurer: LV's Euros Jones on why commercial insurance needs agility
Insurers must strengthen broker relationships and adapt their solutions for customers in order to survive
Blog: Loss adjusters must get ready for new insurance contract law
The Enterprise Bill received royal assent on 4 May and the Insurance Act comes into force in August, both with the proclaimed aim to bring insurance contract law up to date and provide greater clarity for all customers
Interview: Clive Clarke, Airmic
Incoming Airmic chair Clive Clarke talks to Burhan Khadbai about his journey to the role and the key issues facing the risk management and insurance communities
Trade Voice: Where insurance and risk management meet
Airmic will be unveiling its guide to scenario analysis at its conference in June. Julia Graham says it is an essential tool that benefits the entire market.
Blog: Insurance contract law reform concludes with a bang, not a whimper
There is a crescendo building as we near the end of this 10-year journey to bring insurance contract law into the 21st century.
Research: State of the Risk Management Nation: Part Two: External influences
In the second part of the research, risk managers tell Michèle Bacchus their thoughts about regulation, brokers, and consolidation.
C-Suite - Insurer: Allianz's David Martin on the scourge of underinsurance
Poorly judged estimates in the SME market can leave customers seriously out of pocket when it comes to making a claim.
Biba 2016: Biba ‘on track’ to develop flood insurance scheme for SMEs
A scheme to provide flood cover for most businesses should be launched by autumn this year, the British Insurance Brokers’ Association CEO Steve White announced today (11 May).
C-Suite Broker: Marsh's Charles Beresford-Davies on the importance of communication around the Insurance Act
With the implementation of the Insurance Act imminent, insureds are already attempting to seize the opportunity to gain the benefits
Blog: A quiet end to ‘average'?
There are differing views as to whether no longer applying average is a wise move likely to mean more business or will it result in higher claims costs?
LMA outlines focus for 2016
The Lloyd’s Market Association will focus on delivering several initiatives this year, specifically electronic placing support and the Oasis catastrophe loss modelling platform.
Trade Voice: Fair’s fair
The call to action for #FairnessForAll is not an unattainable ideal.
Allianz to ditch condition of average for underinsured SMEs
Allianz will remove the use of averages for SMEs that are underinsured despite recognising such a move could affect its trading results, the insurer announced among other measures today (25 January).
Airmic urges buyers to take control through Insurance Act guide
Risk management association Airmic has today (6 January) launched its guide to the Insurance Act 2015, urging risk managers that it is their responsibility to take control of the buying process.
Contracting out of the Insurance Act 2015
The Law Commission has consulted with the insurance market over eight years prior to the Consumer Insurance (Disclosures and Representations) Act 2012 and the Insurance Act 2015. Both Acts were based on the market's view of best practice.
Review of the Year: Legal
For insurance lawyers, 2015 has been marked by the Medco portal going live in a sustained effort to reform whiplash claims. But the year has also seen major rulings regarding aggregation, costs and rates, all expected to have wide-ranging implications.
Editor's Comment: 2015: A year in review
Christmas is a time for reflection on the past year and to think about what 2016 might bring.
Expertise From A-Z: Full Year Market Spotlight – The Game Changers
How will changes during 2015 impact the industry in the coming year?
C-Suite - Broker: On closer inspection
For the Insurance Act to work, insurers and brokers must agree what is classed as fair presentation.
C-Suite - MGA: A quick start could be golden
Pre-quote pre-cover surveys could play a huge part in keeping the customer happy.
C-Suite - Broker: Change looming
The Insurance Act will have a massive effect on the way clients, brokers and insurers interact
Legal update: Late revival but early introduction?
The market needs to consider the impact of late payment provisions now, says Nick Young