News

In this joint BILA and IIL lecture Melissa Collett will talk about the meaning of professionalism, ethics and duty of care in the context of insurance, and how to put professionalism into practice. She will also explain the professional body’s role in raising standards of professionalism across the insurance sector.

Professionalism is vital to building public trust in insurance. Professionalism is not just about following regulator’s rules and regulations. It’s about creating the right culture and ethical standards. Breaking down professionalism into three key elements: competence, ethics and duty of care, can help put professionalism into practice. The Chartered Insurance Institute is here to help insurance professionals on their journey.

By the end of this lecture members would have gained an insight into:

• The 3 key elements of professionalism for insurance professionals
• How to put professionalism into practice
• The professional body’s role in raising standards across the sector

This month, the London market launched the Single Claims Agreement Party model (“SCAP”). This is a ground-breaking agreement which is the product of collaboration between the London and International Insurance Brokers Association (“LIIBA”), the Lloyd’s Market Association (“LMA”) and the International Underwriting Association (“IUA”).　 SCAP is an agreement between insurers which will allow a single London market underwriter, whether in the Lloyd’s or company market, to agree claims on behalf of all underwriters subscribing to a slip on the same terms, whether they are in the Lloyd’s market, the company market or overseas.　 

In this talk, Simon Cooper of Ince & Co will discuss the structure, scope and operation of the SCAP as well as some of the issues and challenges that arose in drafting this important new agreement.

A medley of cases about building defects. Where does the risk lie?

Mark Williamson and Isabel Ost of Clyde & Co LLP will be speaking about GDPR 

Steven McEwan of Hogan Lovells International LLP will be speaking about “Legal and regulatory implications of Brexit for the insurance industry”

Professor James Davey of the University of Southampton will be talking about :“After the Gold Rush: Insurance Regulation in the FinTech Era”

James Davey is Professor of Insurance & Commercial Law at the University of Southampton. His interests in insurance span insurance contract law and theories of regulation. He draws on a wide range of sources to inform his practice, including US commercial contract and insurance law. He has published extensively in leading journals, including the Lloyd’s Maritime & Commercial Law Quarterly and the Cambridge Law Journal. He was an invited participant in the Insurance Fraud Taskforce and the initial Flood Re steering group. He has acted in a research consultancy capacity in litigation subsequently decided at the appellate level.