Development of parametric BI solutions – dealing with coverage gaps

Overview:

This session looks at some of the new BI solutions being developed by parametric insurers

Objectives:

• 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 & Learning:

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

Presenter: Diane Jenkins BA [Hons], ACII, Chartered Insurance Broker

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 one of the most highly respected technical insurance trainers 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 provide specialist training solutions to the UK Insurance Industry to include technical insurance; sales, business/soft skills; resilience, performance, and wellbeing; management/leadership; and customer service sessions. They work with major insurers and brokers, on a global Insurer’s national broker proposition delivery, with recruitment companies, and over 40 Insurance Institutes at the time of writing.

They provide bespoke training and coaching solutions tailored to clients’ individual business needs and objectives.

This webinar will take place over Zoom. The link will be available in the booking confirmation e-mail that is sent automatically when you book onto the webinar.

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