WEBINAR - Development of Parametric BI Solutions - dealing with coverage gaps

Overview

This session looks at some of the new Business Interruption solutions being developed by parametric insurers. It will identify coverage gaps to be aware of and how to distinguish parametric and conventional cover.

Objectives

At the end of this session, the participants will:

• Be aware of the current coverage gaps found in BI insurance
  
  
• Be able to identify how new parametric cover options may deal with some coverage gaps
  
  
• Be able to compare parametric and conventional cover

Content

• Limitations of current BI cover
  • Material damage proviso
  • Limitations on intangible damage cover
  • Proof of loss
• Parametric BI covers available and in development
  • Limitations
• Comparison of covers

Speaker Bio

Diane Jenkins BA [Hons], ACII, Chartered Insurance Broker – technical insurance trainer

Diane has huge experience working with major Brokers across a range of roles and disciplines, to include:

• Placement
• Programme design
• Training
• New business
• Client Servicing
• Mergers and Acquisitions (M&A) due diligence

Diane is now a highly respected trainer to the insurance market.

Diane’s strength is in practical application of knowledge with specific specialisms including Business Interruption, Cyber and Property Owners.

She is the Education Secretary and former chairperson of the London Business Interruption Association. She was part of the IIL Advance Study Group - Business Interruption Policy Wordings and has collaborated with the authors of several Business Interruption textbooks.

She is a member of the Cyber Insurance Association, and she carries out the insurance cyber policy reviews for Cyber|Decider (https://www.cyberdecider.com/)

Diane’s work includes delivery as an Associate for Nick Thomas & Associates.

Nick Thomas & Associates – specialist training solutions to the UK Insurance Sector

Nick Thomas & Associates provides up to the minute training solutions addressing the challenges of the modern insurance professional, across sales, communication, and soft skills; technical insurance; customer service; management and leadership; performance, resilience, and health.

Nick Thomas delivers all sales, communication, and soft skills sessions, partnering with selected subject matter specialists in the other delivery categories.

Associates are selected for their strong industry background and credibility, allied to first class training skills. All training programmes are designed specifically to align to client needs and delivery overseen by Nick Thomas.

Nick Thomas & Associates received acclaim for training and webinar series providing solutions to the challenges of remote working and virtual trading. Our clients include major insurers and independent brokers, a major global Insurer ‘broker proposition’, broker network groups, insurance recruitment consultants and over forty local insurance institutes at the time of writing.

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