B4: 10 months of the Insurance Act – top 10 issues for placements and policy wordings to maximise claim recoveries

Herbert Smith Freehills will take you through some key issues on placements and policy wordings that have arisen in the 10 months since the Insurance Act 2015 came in to force. We will use case studies and real-life examples to guide you through the array of new policy clauses issued by insurers, market associations and brokers including addressing the challenges on fair presentation of the risk, issues arising from multiple insureds and global policies and categorisation of policy terms to make sure you are in the best position in the event of a claim. You will also hear first-hand from Kate Warren, Head of Insurable Risks at Lloyd’s Banking Group, on how to manage the changed process from a practical perspective and achieve traction with business colleagues.

Learning objectives:

• Understand the impact and use of new clauses to make your policies as robust as possible
• Take proper advantage of the benefits of the Insurance Act 2015 and put yourself in a position to collect claims at proper value
• Take-away practical suggestions to put into action in advance of your next renewal

Target audience:

• Risk managers and insurance buyers

Sarah McNally, Partner, Herbert Smith Freehills
Alexander Oddy, Partner, Herbert Smith Freehills
Kate Warren, Head of Insurable Risks, Lloyds Banking Group