Rebuild Cost Assessment

We are delighted to welcome Nigel from RiskStop to talk to us this month on Rebuild Cost Assessment.

There is an increasing interest in RCA’s from both Brokers and Insurance companies with much talk of the ‘average’ clause being removed where the BSI is made equal to the RCA. This provides some interesting competitive differentiation as well as helping to meet TCF requirements etc.

Nigel has spent the last 30 years working in or supplying services to the Insurance industry. Having started in the Life Industry, he then worked for Ernst & Young’s Insurance team (becoming Cap Gemini E&Y) His focused has been leading change and prior to joining the Board of RiskStop Group, he spent 10 years working for RSA in a variety of change roles which include leading Global Consulting (RSA’s Risk Consulting team). Nigel joined the Board of RiskStop Group in 2014 and is responsible for Business Development – RiskStop Group is an organisation dedicated to providing innovative Risk Management solutions in and around the Insurance Sector , based in Poundbury Dorchester RiskStop is the UK’s largest Independent provider of Risk Management Services to the UK Commercial Insurance Sector.

Learning Objectives:

At the end of this event, the delegate will be able to identify and apply the following :

1. To have reviewed and discussed the implications of rebuild cost assessment (RCA) under insurance
2. To have discussed VAT and other ‘costs’ relevant to successfully calculating a RCA
3. To have reviewed a cost efficient method of providing RCA’s to alleviate under insurance for policyholders assisting with TCF requirements and significantly increasing AP levels

How to book

Please email your name and CII/PFS pin number to jacqueline.hancock@prescott-jones.co.uk as soon as possible to secure your place at this event.

Our talks are free of charge and are open to Institute members and non-members who are engaged in the Insurance Profession (General, PFS, Claims or Loss Adjusting).

We meet at 5.30pm at the Hub on the first floor for complimentary tea/coffee with the talk commencing at 6.00pm til about 7.00pm in one of the adjacent meeting rooms.