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Are you ready for the Insurance Act 2015?

Many insurers are choosing to comply with the Act in different ways. Some are simply complying with the terms of the Act strictly; whereas others are going beyond mere compliance. For example, some markets have confirmed they won’t apply proportionate remedies but will instead require the policyholder to pay an additional premium in the event of an unfair presentation of the risk.

Watch this short trailer for a glimpse into the themes discussed by our experts and register to access the full webinar

In order to advise your clients as to the differences between policies and to make a positive recommendation, it is essential that you review and understand the differing approaches that are being taken by key markets. Failing to do so could expose you to potential Errors and Omissions (E&O) claims as there is a significantly increased risk of recommending a product to a client under circumstances in which a more suitable product is available but was not recommended.

In July we joined forces with Insurance Post to bring together a panel of experts to discuss the steps insurers must take before the Act came into force on 12 August 2016. You can get free access to the webinar by registering on the form provided.