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.
Risk control »
This fact file was last updated by in-house editors in March
Risk control is comprised of practices and processes adopted in
an effort to contain or reduce risk exposures.
Risk control is a discipline and good practice which should be
an essential component of a risk management strategy. It
follows on from the initial risk identification and quantification
stages outlined in separate fact files and allows risk managers and
other parties to review their risk profiles and take action to
reduce or manage the exposures.
This fact file examines various aspects of risk control
including risk control techniques.
Risk transfer »
This fact file was last updated by in-house editors in
This fact file follows on from those on Risk
identification and Risk quantification; it covers the
decision processes required in order to set a risk appetite and
then to execute a risk transfer plan.
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%.
Risk identification »
This fact file was last updated by CII in-house editors in
Risk management has become widely established as good practice.
Its objective is to reduce all risks to a level that has been
formally confirmed as being acceptable.
Risk identification is one of the first steps in the risk
management process and involves understanding what threats exist
and how they may make it more difficult to achieve stated
objectives, or even prevent them from being achieved
This fact file describes some of the risk categories, sources of
information about risks and the techniques used to identify them.
It also considers how a business can determine its appetite and
tolerance for risks.
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).
Recent developments in general insurance underwriting »
This Fact File was last updated by Massimo Vascotto in December