CREDIT HIRE – THE WHAT? WHEN? HOW? AND WHO?

CREDIT HIRE –

THE WHAT? WHEN? HOW? AND WHO?

Overview of presentation

It has only been around for 30 years or so, but in that time has become one of the most sensitive and polarising subjects in the general insurance market.

Depending on your perspective it can solve a perennial problem by keeping vital customers on the road or it can be an expensive and unnecessary luxury, which ultimately has to be paid for by the insuring public.

This webinar looks at the development of credit hire, the legalities, and how the current market operates. It also includes some significant case studies and how the concept might develop in the future.

The content of the presentation will give delegates a better understanding of credit hire, enabling them to discuss the subject with more authority. Anyone client-facing or involved with motor underwriting, broking or claims will benefit from attendance.

Learning Objectives

At the end of this event, the delegate will be able to identify and understand:

• The background and development of the credit hire market
• Important test cases which have steered its operation
• The ABI General Terms of Agreement and how it works in practice
• The approach to replacement vehicles by different players
• Ideas for client communication