Online Event - Why property premiums are increasing and how to set sums insured correctly to account for inflation.

The Insurance Institute of Cardiff invite you to a webinar on; Why property premiums are increasing and how to set sums insured correctly to account for inflation.

Event Details:

Monday 26^th February 2023 12:00 – 13:00

The webinar will be run via Zoom, a global web-conferencing solution. Zoom is easy to use, a link and joining instructions will be sent to you at the time of booking.

About the session:

This presentation looks at the major issue of under insurance in the UK property market and how to help your clients avoid the under-insurance trap. Under insurance has been made considerably worse with UK inflation going into double digits and this webinar explores where inflation is heading next. One of the problems is that the figures on the client’s balance sheet are not the same as those required for insurance purposes and Alan will point out the differences so that clients can be warned.

The presentation, delivered by Alan Chandler one of the UK's most popular insurance presenters, will look at what clients actually need to take into account when settling buildings, contents and stock sums insured. Alan will explore why under insurance is so common, the effects and problems of under insurance for the client, which in turn is becoming an increasing cause of professional indemnity claims against brokers. One thing is for sure, in the event of a claim requiring a loss adjuster the sums insured will be checked thoroughly, and it will be too late at that point for the client.

Learning objectives:

Following this presentation the delegates will be able to:

• Understand what needs to be taken into account in respect of Buildings, Contents and Stock Sums Insured and the impact inflation has had on these figures.
• Understand why there is a difference between the figures for accounting purposes and the figures for insurance purposes.
• Understand the effects of under insurance for clients and how to aid them in mitigating their exposure to under insurance.

About the speaker:

The Course will be run by Alan Chandler.

Alan has been an operations and project manager in three large global companies. NatWest insurance services, Royal Bank of Scotland insurance group and Allianz. In the last ten years running his own training company he has taken more than 1.000 people to ACII including six people who have achieved the top ACII pass rate in the whole of the UK. He has trained national prize winners in almost all CII subjects, has been a CII examiner and has a pass rate of 96% in cii training. His website is www.alanchandler.co.uk

Further information:

A link will be sent via your email address supplied at the time of booking. PLEASE DO NOT share this with anyone else.

Please note that this webinar will be hosted on the Zoom platform which may be restricted by some employers. Members may need to utilise their own personal devices in these circumstances to access the platform.