Best Practices in Insurance Administrations - Current Issues and Latest Trend

Ever-growing regulatory scrutiny upon directors and senior officers and the wider scope for litigation make this an area of increasing importance. Organisations and their advisers need a thorough grasp of the issues and the potential new areas of exposure for individuals. This training will explore the current issues and developing trends, making use of case studies and high-profile events to emphasize the most important issues in practice.

Course Content

Introduction

Regulatory scrutiny upon directors and senior officers’ litigation makes this an area of increasing importance such that organisations and their advisers need a thorough grasp of the issues and the potential new areas of exposure for individuals.

This training session makes use of case studies and high-profile events to emphasize the most important issues in practice and will explore the current issues and developing trends of exposure for individuals.

• The purpose of directors and officers’ insurance
• A review of key parts of typical insurance policy wording including who is covered, what is covered, what is not covered, limits, costs, and exclusions and the ‘claims-made’ nature of the protection
• The alternatives to D and O cover such as a company indemnity
• A comparison of D and O protection and that available under a company indemnity
• Where exposure for individuals can come from including emerging areas and developing trends
• Contentious areas that can arise between those with the insurance protection and those providing it
• Current insurance market conditions

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.