Inflation and the insurance considerations - Rerun

This session on inflation considers what affect increasing inflation has on business insurance – what clauses and cover issues brokers and insurers need to consider for various classes of cover

Following a technical error the other month, we are rerunning this session again.

Content and learning

• General effect of inflation on insurance
  • Solvency margins
  • Rate increases
• How inflation causes sum insured/limit issues
  • Underinsurance and average
  • Policy limits – including inner limits
  • Fair presentations
• Cover
  • Declared value, index linking, adjustable limits, first loss on property/construction policies
  • Declaration link on BI, suppliers’ extensions
  • Motor - Market value
  • Credit
• Claims issues
  • Supply chain increasing costs, delays
  • Reserving

Learning objectives

• Be aware of the affect that inflation has on insurance
• Know which covers help provide clients with protection against effects of inflation
• Be able to identify claims issues caused by inflation

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.

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