Development of Parametric Business Interruption Solutions – Dealing With Coverage Gaps

Overview

This session looks at some of the new BI solutions being developed by parametric insurers covering:

• Limitations of current BI cover
  
• Material damage proviso
• Limitations on intangible damage cover
• Proof of loss
• Parametric BI covers available and in development
• Limitations
• Comparison of covers

Learning Objectives

• Be aware of the current coverage gaps found in BI insurance
• Be able to identify how new parametric cover options may deal with some coverage gaps
• Be able to compare parametric and conventional cover

Speaker Bio

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 a highly respected trainer 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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