Inflation and the Insurance Considerations
The Insurance Institute of Northern Ireland is happy to announce that their next CPD session will focus on inflation and insurance considerations.
This session will consider what affect increasing inflation has on business insurance – what clauses and cover, issues brokers and insurers need to consider for various classes of cover.
It includes:
General effect on insurance
- Solvency Margins
- Rate increases
Sums 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:
Delegates will be able to identify:
- The affect inflation has on insurance
- Claims issues caused by inflation
- Which cover provides clients with protection against the effects of inflation
Venue
- Online
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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.