As part of its continuing commitment to insurance education, the Insurance Institute of London will launch its latest publication, a new Research Study R228A "Professional Indemnity Insurance - Case Law, Regulation & Practice" at the Lloyd's Old Library on Tuesday 21 September 2010
All attendees must pre-register for this event - please confirm your attendance here
This new 648 page edition of the book will appeal to anyone interested in professional indemnity insurance whether needing, arranging, claiming or managing claims or reinsuring insurers in the UK (the book does not mention medical practitioners' insurance).
As in the first edition, the chapters for the professions continue to provide a background to the profession, the legal liabilities, underwriting considerations and the future developments.
In this new edition there is a case study of
- case law to date involving the selected professions or the application of policy terms
- the number of practicing professionals
- the activities of the professionals selected now given the significant changes which have occurred since 2001 such as those introduced by IT development, economic conditions, regulations, trading standards, and new laws or directives
- the differences and similarities between the regulated professional indemnity insurance policy wordings with an attending table for easy cross referencing
- the considerations given to pricing Professional Indemnity insurance and underwriting risks
- an explanation about the Regulator's role and the role of a trade association
- Financial advisers and separately insurance brokers, showing the impact of ombudsman's powers and FSA regulation on the exposures to professional indemnity losses
- claims management and the relevant protocols
- reinsurance and the problems caused by a mismatch between loss notification clauses in original policies and the relevant reinsurance contracts
Price: CII Members £97.00 / Non-Members £112.00
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