CPD WEBINAR: Inflation and insurance considerations
A burning issue and a welcome CPD session from IIC&G!
The 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.
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
HOUSEKEEPING
This is a Zoom webinar. You must pre book to receive slides and recording of this session if you cannot attend live. The Zoom link will be sent out 48 hours before the event. Any questions to simon.mcgill@ecclesiastical.com
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CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.