BLM, working with the MGAA, ran a workshop which considered the specific issues that will arise from implementation of the Insurance Act for MGAs and those with whom we work.
The Insurance Act 2015 Finch Insurance Brokers ltdJo Kennedy
The Insurance Act 2015 is a new piece of legislation that relates to commercial insurance and comes into force on 12 August 2016. The Act will result in some changes to the way that we work, in particular to the information provided, how this is collected and presented to insurers and the way that claims are handled. If you would like more information please contact us at info@finchib.co.uk.
The most significant changes to insurance law in 110 years came into effect in August 2016. The Insurance Act 2015 makes some fundamental changes to what businesses have to do to ensure that their insurance policies are effective and that their claims are paid in full. This webinar looks at the changes that have been made, what businesses need to do in order to comply with new rules on disclosure and how the new remedies for breach are to be applied. The Act applies to all policies governed by the laws of England, Wales, Scotland and Northern Ireland which are taken out, renewed or varied on or after 12 August 2016. Accordingly, it is essential that all UK businesses have a full understanding of the new rules.
The Insurance Act 2015 Finch Insurance Brokers ltdJo Kennedy
The Insurance Act 2015 is a new piece of legislation that relates to commercial insurance and comes into force on 12 August 2016. The Act will result in some changes to the way that we work, in particular to the information provided, how this is collected and presented to insurers and the way that claims are handled. If you would like more information please contact us at info@finchib.co.uk.
The most significant changes to insurance law in 110 years came into effect in August 2016. The Insurance Act 2015 makes some fundamental changes to what businesses have to do to ensure that their insurance policies are effective and that their claims are paid in full. This webinar looks at the changes that have been made, what businesses need to do in order to comply with new rules on disclosure and how the new remedies for breach are to be applied. The Act applies to all policies governed by the laws of England, Wales, Scotland and Northern Ireland which are taken out, renewed or varied on or after 12 August 2016. Accordingly, it is essential that all UK businesses have a full understanding of the new rules.
뉴노멀이 된 디지털 시대를 좀 더 재밌고 능동적으로 살아가기 위해 사내 직원들을 모아서 스터디 그룹을 만들었습니다. 이 슬라이드는 그 모임에서 발표한 자료입니다. 약 10회 정도로 나눠서 슬라이드를 만들 예정입니다.
3강에서는 구글 드라이브에 대한 소개 및 2008년 미 대선에서 오바마 진영에서 활용했던 A/B 테스팅에 대한 이야기와 추가로 유용한 구글 서비스에 대해(퓨전테이블, 구글맵스, 2차 인증) 다뤘습니다.
비영리 단체에게도 혁신은 필요합니다. 자본주의와 신자유주의가 판치는 정글에서 비영리단체는 어떻게 혁신을 이루고 더 나은 세상을 만들어낼까요? 이번 컨퍼런스에서는 신경과학적인 관점에서 인간에 대한 이해를 바탕으로 비영리 단체에게 필요한 창의성, 자발적 동기, 열린 혁신을 강조하며, 그들이 어떻게 혁신을 이룰 수 있을지에 대해 함께 고민해 보고자 합니다.
*발표자: 정재승(KAIST 바이오및뇌공학과 교수)
6 July 2016
In the age of the ‘digital native’ and an era of intrusive regulation, discover how technology is pivotal to MGA’s success.
Carriers are constantly searching for growth and new ways to diversify, so having access to talent who possess a niche ability to underwrite the most specialist of risks is very attractive. Even more enticing is the low-cost operating model and efficient distribution channels offered by MGAs. In a painful market for brokers and carriers alike, MGAs are in an enviable position.
But for them to truly grow, their operational strategies need to evolve.
A big piece of this is, of course, technology. MGAs need IT solutions that foster the enablement of new strategies and help them drive operational excellence, product innovation and customer service.
14 June 2016
With less than two months before the Insurance Act applies to new policies the attention has inevitably focussed on commercial contracts. However the Insurance Act also applies to consumer insurance. Parts 3, 4 and 5 bring the law up to date on warranties (and irrelevant terms), fraud and contracting out. The Enterprise Act 2016 also introduces a "late payment" term in to every consumer contract thereby ensuring that damages are payable in the event of "late payment".
BLM examines those clauses and how the Ombudsman deals with those terms at present. BLM also consider how that approach will apply in the commercial context where the FOS has jurisdiction over "micro-businesses" and whether the FOS already goes beyond the present and the new law.
9 May 2016
Neil Gibson, Loss Adjusting Services Director, and Mathew Griffin, Head of Forensic Advisory Services, presented a unique insight and lessons learned of the impact on both MGAs and Lloyd's and London Market carriers from the December 2015 / January 2016 flood surge.
The key issues covered were;
Initial impact assessment – underwriters/customers/media
Effective Underwriting and Risk Management measures
The cost and effect of Flood Resilience
Thinking differently about Business Interruption
The presentation was supposted by live case studies and flood statistics from the Cunningham Lindsey team that handled over 30% of all market Claims.
The main news coverage immediately after the March 2016 Budget may have led MGAs and their owners to conclude that it contained little of interest for them. However, there were numerous measures that have potential to affect the sector. The March Budget followed the Chancellor’s Autumn Statement, and the July 2015 ´Summer’ Budget after the General Election. The combined effect of these announcements mean that almost all business are likely to be affected in some way. Our Budget update, presented by PKF Littlejohn’s insurance industry tax experts, Chris Riley, Catherine Hayes, Ian Gadie and Luigi Lungarella, will focus on the key measures as they affect MGAs, and also areas of topical interest for MGAs both now and in the foreseeable future.
13 April 2016
Stephen Hamilton is a partner at national law firm Mills & Reeve, and he and his team have been consulting on responsibility and liability issues in relation to driverless cars. Stephen’s presentation will introduce the concept of driverless cars and other forms of autonomous transport and will explain how close the roll out of this technology is to becoming a reality. Stephen will go on to address the likely changes to the way we live and how this could alter and effect the market for insurance, not just in the motor industry. Mills & Reeve were involved with the UK Government's consultation on testing driverless cars in late 2014/early 2015, have consulted at the House of Lords on the topic and with numerous other legal and regulatory stakeholders and interested parties. The firm acts for a range of clients who have an interest in the development of driverless cars (automotive manufacturers, suppliers & insurers).
29 February 2016
This session examines the delegated authority workstream of the London Market Target Operating Model (TOM). The objectives of the workstream will be clearly explained with some background as to the reasons behind the objectives, the progress being made and the likely impact on MGAs. This is also an opportunity for members to raise any issues that they feel could also be considered as part of the TOM.
24 February 2016
Members attended the General Meeting of the MGAA, at which the Report and Accounts and revised articles of association were approved.
Directors representing Full Members were confirmed as: Catherine Bell, Mark Birrell, Tom Downey, Charles Earle, James Gerry, Mike Keating, Charles Manchester and Jeff Turner. Keith Stern was confirmed as the Director representing Supplier Members and Bill O’Malley as the Director representing the Market Practitioner members on the board. The Directors provided reports on the achievements and plans of the standing Committees and the Managing Director spoke about future plans.
16 January 2017
The session looked at best practice for the procurement of IT by MGAs from a legal standpoint across the transaction lifecycle, from preparing for and structuring the initial procurement, to negotiation of contracts, to contract governance and eventual exit. The presenters highlighted some of the potential pitfalls, sharing some of their own experiences and "war stories", and look at the challenges being posed by more recent developments, including cloud technologies in the light of the FCA's recent guidance on this subject.
30 January 2017
Paul Brady, Head of Policyholder & Third Party Oversight at Lloyd's provides an overview of the current Lloyd's Coverholder initiatives.
Intellectual Property rights in underwriting models, management information and know-how are often overlooked by the insurance industry. Yet they can be both a very valuable asset and a means of protecting your company in the event of business-critical events such as team moves for example. This seminar will focus on: - The IP rights which may subsist in underwriting models, management information, client data and know-how; - How best to secure ownership of those rights; and - Enforcing IP rights in an infringement situation.
Slides from the Market Briefing are available on the link below. Please accept our apologies as technical issues did not allow for a podcast to be produced.
In July 2015 the MGAA published a best practice guideline covering the procurement and management of outsourced claims handling services. The guidelines set out the principles, risks and processes covering all aspects relating to working with external claims service providers, including minimum standards and the appropriate procedures to put in place to meet recognised best practice and regulatory requirements.
뉴노멀이 된 디지털 시대를 좀 더 재밌고 능동적으로 살아가기 위해 사내 직원들을 모아서 스터디 그룹을 만들었습니다. 이 슬라이드는 그 모임에서 발표한 자료입니다. 약 10회 정도로 나눠서 슬라이드를 만들 예정입니다.
3강에서는 구글 드라이브에 대한 소개 및 2008년 미 대선에서 오바마 진영에서 활용했던 A/B 테스팅에 대한 이야기와 추가로 유용한 구글 서비스에 대해(퓨전테이블, 구글맵스, 2차 인증) 다뤘습니다.
비영리 단체에게도 혁신은 필요합니다. 자본주의와 신자유주의가 판치는 정글에서 비영리단체는 어떻게 혁신을 이루고 더 나은 세상을 만들어낼까요? 이번 컨퍼런스에서는 신경과학적인 관점에서 인간에 대한 이해를 바탕으로 비영리 단체에게 필요한 창의성, 자발적 동기, 열린 혁신을 강조하며, 그들이 어떻게 혁신을 이룰 수 있을지에 대해 함께 고민해 보고자 합니다.
*발표자: 정재승(KAIST 바이오및뇌공학과 교수)
6 July 2016
In the age of the ‘digital native’ and an era of intrusive regulation, discover how technology is pivotal to MGA’s success.
Carriers are constantly searching for growth and new ways to diversify, so having access to talent who possess a niche ability to underwrite the most specialist of risks is very attractive. Even more enticing is the low-cost operating model and efficient distribution channels offered by MGAs. In a painful market for brokers and carriers alike, MGAs are in an enviable position.
But for them to truly grow, their operational strategies need to evolve.
A big piece of this is, of course, technology. MGAs need IT solutions that foster the enablement of new strategies and help them drive operational excellence, product innovation and customer service.
14 June 2016
With less than two months before the Insurance Act applies to new policies the attention has inevitably focussed on commercial contracts. However the Insurance Act also applies to consumer insurance. Parts 3, 4 and 5 bring the law up to date on warranties (and irrelevant terms), fraud and contracting out. The Enterprise Act 2016 also introduces a "late payment" term in to every consumer contract thereby ensuring that damages are payable in the event of "late payment".
BLM examines those clauses and how the Ombudsman deals with those terms at present. BLM also consider how that approach will apply in the commercial context where the FOS has jurisdiction over "micro-businesses" and whether the FOS already goes beyond the present and the new law.
9 May 2016
Neil Gibson, Loss Adjusting Services Director, and Mathew Griffin, Head of Forensic Advisory Services, presented a unique insight and lessons learned of the impact on both MGAs and Lloyd's and London Market carriers from the December 2015 / January 2016 flood surge.
The key issues covered were;
Initial impact assessment – underwriters/customers/media
Effective Underwriting and Risk Management measures
The cost and effect of Flood Resilience
Thinking differently about Business Interruption
The presentation was supposted by live case studies and flood statistics from the Cunningham Lindsey team that handled over 30% of all market Claims.
The main news coverage immediately after the March 2016 Budget may have led MGAs and their owners to conclude that it contained little of interest for them. However, there were numerous measures that have potential to affect the sector. The March Budget followed the Chancellor’s Autumn Statement, and the July 2015 ´Summer’ Budget after the General Election. The combined effect of these announcements mean that almost all business are likely to be affected in some way. Our Budget update, presented by PKF Littlejohn’s insurance industry tax experts, Chris Riley, Catherine Hayes, Ian Gadie and Luigi Lungarella, will focus on the key measures as they affect MGAs, and also areas of topical interest for MGAs both now and in the foreseeable future.
13 April 2016
Stephen Hamilton is a partner at national law firm Mills & Reeve, and he and his team have been consulting on responsibility and liability issues in relation to driverless cars. Stephen’s presentation will introduce the concept of driverless cars and other forms of autonomous transport and will explain how close the roll out of this technology is to becoming a reality. Stephen will go on to address the likely changes to the way we live and how this could alter and effect the market for insurance, not just in the motor industry. Mills & Reeve were involved with the UK Government's consultation on testing driverless cars in late 2014/early 2015, have consulted at the House of Lords on the topic and with numerous other legal and regulatory stakeholders and interested parties. The firm acts for a range of clients who have an interest in the development of driverless cars (automotive manufacturers, suppliers & insurers).
29 February 2016
This session examines the delegated authority workstream of the London Market Target Operating Model (TOM). The objectives of the workstream will be clearly explained with some background as to the reasons behind the objectives, the progress being made and the likely impact on MGAs. This is also an opportunity for members to raise any issues that they feel could also be considered as part of the TOM.
24 February 2016
Members attended the General Meeting of the MGAA, at which the Report and Accounts and revised articles of association were approved.
Directors representing Full Members were confirmed as: Catherine Bell, Mark Birrell, Tom Downey, Charles Earle, James Gerry, Mike Keating, Charles Manchester and Jeff Turner. Keith Stern was confirmed as the Director representing Supplier Members and Bill O’Malley as the Director representing the Market Practitioner members on the board. The Directors provided reports on the achievements and plans of the standing Committees and the Managing Director spoke about future plans.
16 January 2017
The session looked at best practice for the procurement of IT by MGAs from a legal standpoint across the transaction lifecycle, from preparing for and structuring the initial procurement, to negotiation of contracts, to contract governance and eventual exit. The presenters highlighted some of the potential pitfalls, sharing some of their own experiences and "war stories", and look at the challenges being posed by more recent developments, including cloud technologies in the light of the FCA's recent guidance on this subject.
30 January 2017
Paul Brady, Head of Policyholder & Third Party Oversight at Lloyd's provides an overview of the current Lloyd's Coverholder initiatives.
Intellectual Property rights in underwriting models, management information and know-how are often overlooked by the insurance industry. Yet they can be both a very valuable asset and a means of protecting your company in the event of business-critical events such as team moves for example. This seminar will focus on: - The IP rights which may subsist in underwriting models, management information, client data and know-how; - How best to secure ownership of those rights; and - Enforcing IP rights in an infringement situation.
Slides from the Market Briefing are available on the link below. Please accept our apologies as technical issues did not allow for a podcast to be produced.
In July 2015 the MGAA published a best practice guideline covering the procurement and management of outsourced claims handling services. The guidelines set out the principles, risks and processes covering all aspects relating to working with external claims service providers, including minimum standards and the appropriate procedures to put in place to meet recognised best practice and regulatory requirements.
20 October 2015
Claims in this area are on the increase. They can be expensive and difficult. BLM provide an insight into this topic with an overview of the various manifestations of chronic pain, the issues and costs associated with litigation, and the tactics and strategies for MGAs to adopt in the successful defence of these claims based on their wide experience of handling chronic pain cases.
This presentation looks at the challenges ahead for commercial insurers and provides insight into the options available. It presents examples in response to changes in distribution, the new generation of insurance customers and the growth in data driving product innovation.
A presentation given by Ivor Edwards, of Clyde & Co, to the MGAA covering an update on regulatory issues of relevance to MGAs including Terms of Business Agreements.
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Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
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Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
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Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
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The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
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