Forthcoming events
This month
Summer Networking Event
Following last year's success, the IIB invites you to our third annual Summer Networking Event, (hopefully) enjoying a drink in the sun! We have reserved both indoor and outdoor spaces at Armada House with exclusive use of their brand new roof terrace. Welcome drinks are provided and entry is free, but there is limited space so please RSVP ASAP.
View event details
VULNERABLE CUSTOMERS
The FCA have found following a thematic review that vulnerable customers are often not treated fairly. In fact, many Insurers pricing models have taken significant advantage of these customers, often the more vulnerable the customer the more the insurer has loaded rates at renewal. Some of the UK's largest institutions have been guilty of proactively targeting these individuals and the regulator has had enough of Insurers and brokers balancing their books on the most vulnerable in our society.
View event details
Consumer Duty Update and New Rules on Multi-Occupancy Insurances
The session will cover Consumer Duty updates as well as the new rules that are effective from 1 January 2024 on multi-occupancy buildings insurances following intervention by the government – these new rules impact over 5 million leaseholders who are defined as stakeholders and firms have to act in their best interests. Insurers and brokers will also need to provide information about policies to leaseholders, including details of all remuneration and placement. We will also cover the Leasehold and Freehold Reform Act which has banned commission sharing.
View event details
INFINITY RELIANCE JUDGEMENT
One of the most important judgements in recent times relating to Bi insurance was made in the Infinity Reliance case, and brokers who fail to change their proceedings risk large Pi claims against them going forward. This case has shown brokers are very exposed to the following three areas: 1. If indemnity wordings are used rather than declaration linked. 2. Any broker guidance note must reflect the actual policy wording. 3. AICOW must be discussed when there are unusual exposures. Average was applied by Aviva to the Bi claim following a large loss, and the broker was held liable for most of the shortfall, which was nearly £3m, due to their failure on the above three points. This webinar, presented by Alan Chandler, one of the most popular presenters in the UK, looks to understand how brokers are exposed following this judgement and how to take practical steps to ensure the right procedures to mitigate these exposures. This webinar is a must for all broking staff and has significant relevance for underwriters and claims staff also.
View event details
A PLAIN ENGLISH OVERVIEW OF CONTRACTORS INSURANCE
From small builder to plumbers through to large building firms there are an increasing number of contractors needing insurance, often due to the fact that building firms now take on contractors rather than employees. These contractors need professional guidance on their insurance needs, and this presentation will outline the main factors to be taken into account. As an example, would a small building firm really understand the difference between labour-only and bona-fide sub-contractors, if they do not have a broker they are in big trouble, as the Insurance Act 2015 says they must make a fair presentation of risk, without help how do they do this?
View event detailsAll forthcoming events
PROFESSIONAL INDEMNITY INSURANCE – HOW CLAIMS CAN ARISE
This presentation provides an overview of professional indemnity insurance. It looks at the main case law underpinning the PI market, why the PI market is expanding in terms of number of policyholders needing the cover yet at the same time the capacity is decreasing. The webinar, presented by Alan Chandler, one of the most popular presenters in the UK, explores the problems posed by a claims made wording and the difficulty clients have going into retirement without adequate run off cover. The presentation also looks at ensuring the correct limits of indemnity are set.
View event details
Cocktail Masterclass
Join the IIB Social Committee for a fun cocktail masterclass. The evening will include a welcome cocktail, samples of component parts, then a change to try your hand. You'll learn 2-3 different cocktail styles, followed by a breakout networking session.
View event details
MOTOR INSURANCE ALL YOU NEED TO KNOW IN A NUTSHELL
We all purchase motor insurance for ourselves, and most brokers place it for their clients in some shape way or form, but how much do we really know about motor insurance. It has become so automated that many broker and insurer staff have forgotten the details of the cover, and some have never even been taught about the coverage, well this is opportunity to refresh and learn about this essential cover. A generation back most people's first taste of insurance was writing out cover notes and working through manual rating guides forcing staff to understand component parts of motor cover. This has now been replaced by big data and automation meaning less and less people have retained knowledge of this key cover. This webinar is presented by Alan Chandler one of the most popular insurance presenters in the UK. Alan will go through the key component parts of a motor policy, and it will include looking at what is actually covered under the main cover options. Alan will also explore how rating is evolving with big data which will transform the way motor insurance is rated.
View event details
HOW CONTRACT CONDITIONS CAN CHANGE THE LIABILITY OF AN INSURED AND WHY BROKERS MUST ADVISE CLIENTS ON THIS.
Many policyholders sign contracts without realising they are potentially exposing themselves to liabilities that are not covered by their insurances. Often these contracts are signed in order to either win business or obtain key supplies, either way they are extending their liability beyond the potential protection provided by the liability insurer. The webinar will include exploring the consequences of the Insurance Act 2015 for failing to make a fair presentation of risk with regards to contract conditions, and how failure to guide policyholders around this matter could lead to a claim being turned down and all cover cancelled.
View event details
BUSINESS INTERRUPTION INSURANCE - ALL YOU NEED TO KNOW
Presented by Alan Chandler, one of the UK's most popular insurance presenters. Alan will take this opportunity to run through how business interruption insurance should be correctly set up. Alan will lift the myths away from Bi and show how, in his easy to understand style, you can get this cover on a correct footing going forward. This presentation will be applicable for brokers, underwriters, claims staff and loss adjusters.
View event details
Ten Pin Networking 2024
Fancy yourself Bristol's Best Bowler? Want to bowl over your colleagues with your networking and karaoke skills? Join us on 24 October for our bowling and karaoke night - and bring along a friend for free!
View event detailsChristmas Networking Quiz
The IIB invites you to our Christmas Quiz, followed by our Winter Networking Event. Please join us at the Wallace Suite at Armada House on 28 November. Prizes for first place!
View event details
Whisky & Beer Tasting
Join the IIB Social Committee for a fun evening sampling & pairing whisky & beer. Whisky & Beer Pairing Experience - where two wonderful worlds collide… Delight and surprise your senses with a variety of distinctively different whiskies, each paired to an amazing craft beer, whilst learning the subtleties of each brewing technique, the beers and the whiskies. Try 5 different whiskies and beers - there’s nibbles and a meal included too!
View event detailsThe IIB Grand Prix 2025
Do you like living in the fast lane? Maybe you see yourself as the next Hamilton or Verstappen and want to drive to survive. If any of the above apply to you, why not sign up to the second annual Insurance Institute of Bristol Grand Prix. Challenge last year's victors or defend your title! Come along and enjoy 2x15 minute driving sessions and exclusive use of the track. So sign up today to find out who's the fasted insurance professional in the South West!
View event details