Inflation and the Insurance Considerations

Join us for a session with Chris Abram from Nick Thomas & Associates on inflation that 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.

This webinar will be delivered online via Microsoft Teams - joining instructions will be provided on registration.

The content of this session will include:

• 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

Speaker profile, Chris Abram ACII, F Inst. SMM:

Chris is an insurance and financial services professional with over 40 years experience in the industry, covering training, sales & underwriting.

For the last 15 years he has been a full-time training consultant, working with groups and individuals to develop their technical, compliance and sales skills. This includes preparation for the various levels of CII qualifications.

His experience includes time as a technical consultant on a local, Government-sponsored, insurance apprenticeship scheme; and in the implementation of a compliance-training project with a major UK bank.

Chris is an Associate of the Chartered Insurance Institute [ACII], and a Fellow of the Institute of Sales & Marketing Management (F Inst. SMM). He is capable of a broad spectrum of high quality training, but has particular specialism in Property, Business Interruption, Liability, and Packages.

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Please note: This event is a regional collaboration between the local institutes in the area. Your booking details will be shared with the Insurance Institute of Royal Tunbridge Wells, which is acting as the host institute for this event.