The Insurance Act: Implications on the market

Speaker: Michael Howard, Browne Jacobson Solicitors.

Overview: The Insurance Act came into force on 12th August 2016. Were companies prepared for its implementation and how has the market responded? The act introduced a number of significant reforms, it was designed following extensive consultation and is intended to update the statutory framework to bring insurance legislation up to current best practice. The changes imposed under the act are likely to affect anyone involved in the insurance market. The changes are wide ranging and relate to the disclosure of material facts, the remedies available for non-disclosure, policy terms and warranties, and fraudulent claims. At the end of this event, the delegate will be able to identify:

 The changes to the statutory framework
 Potential problem areas, with particular reference to policy drafting
 The remedies available to insurers in the event of non-disclosure
 Practical guidance on how to operate within the new statutory framework
 Practical considerations at policy renewal, with particular reference to insurance brokers
 Possible further insurance reforms.

Cost : Free to members and non-members but please book so that we can make the appropriate catering arrangements.