Events
Forthcoming events
Commercial Property Inflation and Setting Correct Sums Insured
How to set correct property, stock and contents sums insured in a high inflation world.
It is estimated that at least 60% of policies have incorrect sums insured! This presentation looks at the major issue of under insurance in the UK property market and how to help your clients avoid the under-insurance trap. Under insurance has been made considerably worse now that we are seeing UK inflation go into double digits, and this is something all insurance staff need to be aware of.
The presentation, delivered by Alan Chandler one of the UK's most popular insurance presenters, will look at what clients actually need to take into account when settling Buildings, Contents and Stock sums insured. Alan will explore why under insurance is so common, the effects of under insurance for the client, and why the current environment of high inflation, leading to significant under insurance, is an increasing cause of Professional Indemnity claims against brokers. Unfortunately, high inflation is likely to be with us through most of 2024 due to continuing challenging global events, and clients need to make sure they get their sums insured right because they will get checked by loss adjusters in the event of a claim.
One of the problems is that the figures on the client’s balance sheet are not the same as those required for insurance purposes and Alan will point out the differences so that clients can be warned.
Thu 11 Apr 12:00 pm – 1:00 pm
Alan Chandler,
Annual General Meeting 2024
We need you! To get down to our AGM...
Your local institute council invites you to attend their 2024 Annual General Meeting in order to hear first-hand reports from council members on previous and future activities and vote on the appointment of new council members for the forthcoming year.
If you feel you could make a positive contribution to your institute, it is an ideal first step to becoming involved.
Book your place today.
Tue 16 Apr 1:00 pm – 3:00 pm
Neo House
Mental Health Aberdeen - Lunch & Learn for The Insurance Institute of Aberdeen
Mental Health Aberdeen's mission is to meet the mental health needs and improve the mental wellbeing of the people in the North East of Scotland by providing effective, accessible services as well as promoting mental well-being to all. MHA recognise that every individual has the right to receive the help they need to recover from mental ill-health, and they endeavour to support and encourage wellbeing and recovery. Mental Health Aberdeen have been supporting local people since 1950.
This “Lunch and Learn” session will focus on signs and symptoms of stress and mental ill-health, including how to best support your colleagues, friends, family, and yourself, in times of increased stress.
Food and Drinks will be provided.
QR Codes and a Donation box will be provided at the venue to allow attendees to donate to Mental Health Aberdeen.
Wed 17 Apr 12:00 pm – 2:00 pm
Laura Simmons, Mental Health Aberdeen
Enabling Personal Success - One day in person workshop
Join us for the 'Enabling Personal Success' workshop, aimed at providing key personal development elements to set you up for success. The workshop is delivered by No. 1 Best Selling Co-Author of Determined to Rise and Leadership Coach & NLP Trainer at Enabling Wings, Caroline Martin.
This session has been delivered several times for local institutes with fantastic feedback as below and the Aberdeen institute are delighted to be able to provide this at a subsidised cost to members.
This session is suitable for all levels of development and suitable for both PFS and Insurance CII Members.
Thu 25 Apr 9:00 am – 5:00 pm
Caroline Martin, Enabling Wings
Contractors All Risks - an Introduction
This Webinar hosted by Diane Jenkins and supported by Nick Thomas of Nick Thomas & Associates will provide an introduction to Contract Works Insurance. We will also have a follow up 'Advanced Contract Works' session on 27th June 2024 at 1.30pm
This session examines Contract Works policies and what they cover, what are the main cover issues (including defect exclusions) and the information brokers need to place the cover. The session will include:
• Contract Works - what it actually covers - including main exclusions
• Contract Works - Defect exclusions - DE 1- DE 5 meanings
• PL in construction - when is cover for JCT 6.5.1 needed
• What information does a broker need to get a construction quotation?
Wed 22 May 1:30 pm – 2:30 pm
Advanced Contractors All Risks
This Webinar hosted by Alan Tickner and supported by Nick Thomas of Nick Thomas & Associates will provide an introduction to Contract Works Insurance. This session acts as a follow up to the Introduction session hosted last month and will provide a more technical in-depth view of Contract Works Insurance.
This session examines how the standard Joint Contracts Tribunal contract has influenced the Contractors' insurance product, where and to whom the building contract imposes responsibility for insurance and the main classes affected.
Thu 27 Jun 1:30 pm – 2:30 pm
Previous events
Estate Planning Opportunities when working with Solicitors
The Insurance Institute of Aberdeen are delighted to have a breakfast session with Fiona Clark of Burness Paull Solicitors, Kenny McCall of Utmost and David Wilson & Tony Whincup of Close Brothers to discuss and explore Inheritance Tax Planning and Estate Planning opportunities.
The session will commence with breakfast rolls, tea and coffee before hearing from the panel of speakers from Utmost, Close Brothers and Burness Paull.
The session will cover the use of bonds, trusts, investing in smaller companies to obtain business relief and the use of Family Investment Companies.
Tue 06 Feb 8:30 am – 11:30 am
Fiona Clarke, Burness Paull LLP
Insurance Institute of Aberdeen: Annual Dinner 2024
It is with great pleasure that, on behalf of the Insurance Institute of Aberdeen, we invite you to attend our annual dinner to be held once again at Aberdeen's premium hotel, The Marcliffe Hotel & Spa, North Deeside Road, Pitfodels, Aberdeen AB15 9YA.
We can promise you the usual high standard of food and service from the amazing staff at the Marcliffe, as well as after dinner entertainment and most importantly of all, an update from our excellent President Katherine Harvey.
The evening will commence with a drink’s reception from 6.30pm, with dinner being called around 7.00pm. As in 2023, we will be raising monies for our chosen charity with a pre-dinner “Heart’s and Mind’s” game.
For more information click on the link below - your support of our local institute is greatly appreciated.
Fri 02 Feb 6:30 pm – 11:00 pm
The Marcliffe Hotel & Spa
Retirement Planning, Market Volatility and Consumer Duty
We are delighted to invite members to a breakfast with Richard Parkin, Head of Retirement, BNY Mellon & Ben Gutteridge, Portfolio Manager - Multi-Asset Strategies, Invesco.
In addition to the persistent market volatility plaguing portfolios, we've also seen the introduction of the Consumer Duty regulation that requires firms to demonstrate that they’re delivering good customer outcomes. Retirement advice is one of the first areas to come under the regulatory spotlight, with the FCA’s thematic review due to report by the end of the year.
Thu 23 Nov 8:30 am – 10:00 am
Ben Gutteridge, Invesco
Broker trading skills in a hard market
This second in our hard market webinar series builds on the learnings of session one but also stands alone in its own right. Informed by the experience of working in multiple hard markets over many decades of experience, allied to an up to the minute appreciation of insurance market developments, this session provides proven broker strategies [in working with both clients and the market] to optimise hard market outcomes.
This session will include:
• Overview challenges to brokers and clients in a hard market
• Understanding the client position
• Controlling client dialogue and expectations
• Maximising available spend
• Demonstrating innovation
• Differentiating the risk
• Engaging and managing the market
• Managing broker time
• How to exploit new business opportunities
Wed 15 Nov 2:15 pm – 3:15 pm
The Insurance Institute of Aberdeen Curry & Quiz Night
You spoke and we listened.
In response to feedback gathered at our Achiever’s Event we are delighted to invite all our members to Curry & Quiz night at the award winning 8848 Restaurant.
Thu 09 Nov 6:00 pm – 10:30 pm
8848 Restaurant
Directors' and Officers Liability in a hard market - making the case for clients
D&O can be a difficult class of business for clients to understand and insurers/brokers to sell (especially in the current hard market). This session looks at these issues and suggests some practical solutions.
The session will include:
• A Brief overview of cover and benefits for client
• The cyber risk – impact of cyber incidents on D&O exposures and claims
• Impact of hard market – rate increases, reductions in cover, sub-limits, insurers exiting the market, importance of risk presentation to insurers.
• Tips on overcoming client objections to purchasing cover
Wed 18 Oct 2:00 pm – 3:00 pm