We are excited to be attending the Underwriting Agencies Council (UAC) 2024 Perth Market Exchange. Steve and Cameron are looking forward to meeting and discussing your Professional Indemnity needs. #UACMX
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📢CPD Online - June 26, 2024📢 Underwriting Motor Trade Insurance not Underwriting Motor Traders Insurance Francis Valletta, ACII, Chartered Insurer, will lead this session, assessing the motor insurance needs of motor traders, the types of policies available and the underwriting and claims handling of motor trade risks. Apply 👉 https://lnkd.in/dxN7Ahi2 #cpd #mitc #motorinsurance
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📢CPD Online - June 26, 2024📢 Underwriting Motor Trade Insurance Francis Valletta, ACII, Chartered Insurer, will lead this session, assessing the motor insurance needs of motor traders, the types of policies available and the underwriting and claims handling of motor trade risks. Apply 👉 https://lnkd.in/dxN7Ahi2 #cpd #mitc #motorinsurance
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contact certainity is always crucial
A UK judgment clarified the evolving practices in the London insurance market, specifically addressing the role of the Market Reform Contract (MRC) and the historical use of "slips." Traditionally, slips—used in reinsurance—lacked full policy wording, raising key questions about contract terms. Today, the MRC standardises agreements, ensuring that all terms are presented upfront and removing any reliance on slips. This shift minimizes past disputes, creating more clarity and certainty in the reinsurance process. Read the full legal snapshot: https://ow.ly/TTje50TCURX #InsuranceLaw #Reinsurance #LondonMarket #MRC #LegalUpdate #NRFSA
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Are you at the Underwriting Agencies Council (UAC) expo in Canberra today? We are known for technology and service that feels like you, so you can trust Crawford to care for your customers as a seamless extension of your own brand. Come speak to our team to find out how we solve your claims challenges with innovation and expertise. #UAC #claimsmanagement #lossadjusting #insuranceclaims #insuranceunderwriting
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🛠️ Delegated authority and compliance oversight are tools to strengthen underwriting portfolios and MGA-Carrier relationships. If you need a helping hand so that you can focus on what you do best, contact Charles Rowley and Kajal Pankhania to see how we can help you #achieveyourdelegatedauthorityamabition. #MGA #DelegatedAuthority #Lloyds #Coverholder #DAStrategy
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IRDAI overhauls surety bond regulations to boost infrastructure sector IRDAI has revised surety bond regulations to enhance accessibility and attract more insurers. This move, responding to stakeholder feedback, aims to foster growth in the infrastructure sector by facilitating easier compliance and offering greater flexibility to insurers. Insurance Regulatory and Development Authority of India Story by Sheersh Kapoor #irdai #suretybond #infrastructuresector #insurancenews #insuranceregulator #insuranceindustry https://lnkd.in/g7_cbUSk
IRDAI overhauls surety bond regulations to boost infrastructure sector - ET BFSI
bfsi.economictimes.indiatimes.com
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New market insights are shaping FSRA’s priorities 📋✅ FSRA conducted a review of property and casualty (P&C) insurers’ outsourcing relationships with managing general agents (MGAs) because of their significant role and the potential for consumer harm. The review found that the market share of MGAs in Ontario is limited. What does this mean? The insights from our review will shape our 2025 Supervisory Framework to focus on the areas that impact consumer protection the most. 📊 Learn how FSRA’s supervision is evolving to protect Ontarians: https://ow.ly/LiqN50Uk70K #InsuranceSupervision #OntarioInsurance #ConsumerProtection #FSRA #RiskManagement
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Recently added to the CML CMI database - Zurich Insurance Co Ltd (t/a Navigators & General) v Halcyon Yacht Charter LLP, EWHC (Admlty), 25 April 2024: limitation of liability for maritime claims, ship of less than 300 tons, forum non conveniens, stay of proceedings, maritime conflict of laws: https://lnkd.in/e-npH53p #nuscml #cmi #database #limitationofliability
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Vice President at Marsh and Insurance consultant at Financial Regulatory Authority of Egypt (FRA) Help organisations for risk management
Do you ever wonder how P&I clubs can pay out huge claims such as the recent Baltimore incident involving vessel Dali ? By Samir Elsherbiny The International Group of P&I Clubs, which includes 12 member clubs, provides marine liability for 90% of the world's ocean vessels. In the case of claims below USD 10 million, the covering P&I club retains the claim 100%. For claims exceeding USD 10 million up to 100 million, the group shares the cost among its members. And for claims exceeding USD 100 million, an Excess of Loss reinsurance cover arranged by the group via Axa XL steps in, with a huge limit. It's worth noting that the vessel Dali, which collided with Baltimore Bridge, had P&I coverage with “Britannia Club”, a member of the International Group of P&I Clubs.
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GA Questions Asked in NIACL AO Mains 2024 [ad_1] The General Awareness section of the NIACL AO Mains Exam 2024 is an important component for candidates wishing to secure a position as an Administrative Officer. The main examination of NIACL AO 2024 held on 17th November 2024 tested the candidates' knowledge of current affairs, insurance and financial awareness and other static topics. For Generalist Officers cadre, this section had a w
