General Election June 2017: the aftermath »
Short paper outlining how the outcome of the General Election is
likely to impact on the Government's forthcoming legislative
Insurance Distribution Directive (IDD) »
Briefing summarising the FCA implementation of the Insurance
Distribution Directive including professionalism requirements.
The Future of Commercial Insurance Broking »
Commercial insurance brokers will need to have evolved into real
business advisors for their SME customers by 2027 or face
extinction, warns a new report from the Chartered Insurance
Institute (CII)'s Insurance Broking Faculty.
Legal developments in claims April 2017 »
The latest update on legal developments in claims produced
for the Claims Faculty by the Forum of Insurance Lawyers
FCA Business Plan 2017-18, Risk Outlook and Mission »
The FCA Business Plan sets out potential risks and priorities
for the year. Technology figures strongly on the regulator's list
of areas to watch for.
CII and IFC join forces to tackle insurance gap for women globally »
The Chartered Insurance Institute (CII) and IFC (International
Finance Corporation), a member of the World Bank Group, have signed
a memorandum of understanding, joining forces to tackle the
protection gap faced by women, increase their knowledge of risk and
access to insurance.
Fraudulent claims »
The insurance industry experiences high levels of fraud and,
according to the ABI, detected fraud is in excess of £1 billion and
undetected fraud costs the UK economy more than £2 billion per
The main focus for organisational strategies is claims fraud
although there is a significant amount of application fraud which
continues to rise.
The types of fraud can range from the opportunist who might
exaggerate the amount of items stolen in a genuine burglary through
to organised crimes which include staged accidents such as "crash
for cash" and ghost brokers.
Insurance implications of fracking »
The insurance profession needs to prepare for the impact
that increased levels of onshore fracking could have on UK
households and businesses, according to a thought-leadership report
out today from the Chartered Insurance
Institute's Claims Faculty New Generation Group.
The group found that while existing products appear to provide
adequate cover for households and small businesses, and no insurer
specifically excludes fracking, there are no insurance policies
that specifically cover it either.
Periodical Payments Orders and personal injury compensation explained »
In the wake of the recent hike in the Discount Rate for lump sum
payments, this half hour continuing professional
development video looks at the related issue of Periodical
Payments Orders, current take-up and how they operate. PPOs are
compensation awards in personal injury claims which, in addition to
providing a lump sum for damages for pain and suffering and for
past financial loss, provide regular index linked payments for some
or all of the future financial loss.
Insurance law & regulation subject gateway »
This subject gateway aims to supply links to some of the
resources on insurance law and regulation increasingly available to
members via Knowledge Services. It is not intended to be
exhaustive, but highlights popular content and recent
Spring budget 2017 summary »
This summary has been prepared very rapidly by Taxbriefs and is
for general information only. It is recommended to seek competent
professional advice before taking or refraining from taking action
on the basis of the contents of this publication. The guide
represents the authors understanding of the law and HM Revenue
& Customs practice as at 9th March 2017, which are subject to
A fall in the personal injury Discount Rate: implications »
On 27 February, the Lord Chancellor announced that the discount
(or 'Ogden') rate used to calculate personal injury claims has been
reduced from 2.5% to -0.75%.
The General Data Protection Regulations 2018 explained »
This half hour Faculty video focuses on the General Data Protection Regulations which come into force on 25 May 2018. This essential video covers the current DPA legislation; the changes that will be made by the GDPR; how these changes will impact insurers; and the key steps that insurers should be taking to prepare for GDPR.
Business Interruption Insurance explained »
In this half hour Claims Faculty video we look in depth at
Business Interruption Insurance including the
many issues related to policy wordings. The video is
presented by Damian Glynn, co-author of the book BI Policy
Wordings Challenges highlighted by claims experience,
which was a joint CII, Insurance Institute of London and
Chartered Institute of Loss Adjusters publication.
Legal developments in claims February 2017 »
The latest update on legal developments in claims produced for
the Claims Faculty by the Forum of Insurance Lawyers (Foil).