An overview of Professional Indemnity Insurance
This presentation provides an overview of professional indemnity insurance. It looks at the main case law underpinning the professional indemnity market, why the professional indemnity market is expanding in terms of number of policyholders needing the cover yet at the same time the capacity is decreasing.
It 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.
Learning Objectives
- Understand the main purpose of professional indemnity cover
- Understand the case law that supports the pi market
- Understand why demand for pi is increasing but capacity decreasing
- Understand the issues surrounding a claims made wording
- Understand why limits of indemnity are often inadequate
Alan has undertaken operational management roles in three major global companies running underwriting, broking and claims functions. In order to fulfil a long-term ambition, he set up his own training company, something that he had always longed to do as he is passionate about training.
Since then he has trained over two thousand people to become ACII qualified including six individuals who have achieved the best ACII completion in the whole of the United Kingdom, he has also trained
many national prize winners.
Alan has delivered training for almost all the institutes in the UK over the past few years with his enthusiastic presenting style proving very popular. He is one of the few individuals who can teach at all levels of the Cii examinations, he teaches almost all certificate, diploma and advanced diploma subjects and is one of the few people who can take someone from certificate all the way through to fully qualified ACII and his pass rates exceeds 96%. Alan has presented across Europe on many
technical subjects to companies including Allianz, Zurich, Aviva, Aon, Marsh Willis, Gallagher, Towergate and GRP. He has been involved in the setting up of many diploma and advanced diploma programmes in both the UK and Ireland and is driven by a passion to see increased professionalism within the insurance industry.
More recently Alan has been at the forefront of the webinar revolution delivering large amounts of content across Europe. A number of his recent pieces of work have been published internationally.
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.