CPD Webinar - Inflation and the 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.

Contents List

• 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

By the end of the course, delegates:

• 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.