International Underwriting Association (IUA)

Four senior London Market property insurance practitioners yesterday spoke at a networking breakfast event organsied by the IUA. The session saw attendees participate in the following series of topical group discussions, led by each of our invited experts: • 'Underinsurance in business interruption' - Laura Lagana of MDD Forensic Accountants • An overview of facultative reinsurance and when it might be used - Patrick Anderson of Gen Re • The 'number of days' business interruption deductible versus the 'average daily value' business interruption deductible - Richard Foster of IGI • Definition of a risk in a reinsurance context - Toby Stubbs of New India The event was hosted by the IUA's Property Underwriting Group which is supported by Ela Metalia and Joe Shaw.

Personal accident and health insurance was the focus for an IUA networking breakfast event hosted by the IUA this morning. London Market practitioners were invited to participate in a series of discussion groups led by senior industry experts. Catherine Lumbers, of AXIS (AXIS Capital) focussed on marine and aviation personal accident insurance whilst Hosh Mak of DWF discussed without prejudice meetings and mediation for coverage disputes. Sarfraz Pivano from Chaucer Group provided an overview of accident and health reinsurance and Helen Tilley from Mills & Reeve looked at overseas fatality claims under a group personal accident policy. The event was organised by the IUA's Personal Accident and Health Underwriting Group which is supported by Joe Shaw and Ela Metalia.

A programme of expert presenters has now been announced for the 2025 Global Salvage and Wreck Forum. This two-day event is being organised by the IUA in association with the INTERNATIONAL SALVAGE UNION and the International Group of P&I Clubs. It has a full agenda of insightful discussions and networking opportunities, considering topics such as places of refuge, coastal state authorities and the impact of alternative ship fuels. For more details, please visit the conference website here: https://buff.ly/TOC9Oar

The Single Claims Agreement Party (SCAP) framework is designed to provide a more effective process for settling cross-market claims. It can be used for non-complex cases in the London Market which have a value of up to £250,000. On Thursday 30 October the IUA will be hosting a free online training session looking at the SCAP process with Charlotte Warr of Sarnia Training Limited. For more information and to register, please visit the IUA's Education Hub: https://buff.ly/t8mOzf3

The IUA's Jonathan Reed discussed technology adoption in the legal sector last week. He was invited to talk to members of LawtechUK's Regulatory Response Unit about the provision of professional indemnity insurance. LawtechUK is a Ministry of Justice-backed initiative dedicated to driving digital transformation in the legal sector. Jonathan highlighted the risk management issues that companies should focus on and how these can be articulated to insurers.

How are companies digitising the insurance process? That is the question to be addressed in the third and final joint IUA-ACORD event looking at the effectiveness of processing procedures - from placing through to premium accounting and claims management. A webinar on 28 October will see our expert speakers discuss more complex examples for the use of data standards. They will highlight how platform providers and suppliers have worked alongside insurers and brokers to standardise risk data difitally. Joining us are: Clarissa M. – ACORD Simon Squires – AXA XL Jason Bissessur – Marsh Troy Hughes – Aon Ralph Koglin – Swiss Re The free online event will be chaired by the IUA's Director of Market Operations and Transformation, Kim Darrington. Register your attendance now at the IUA's Education Hub: https://buff.ly/E6srEkI

Our latest competition law training session will take place on Wednesday 12 November. Chandralekha Ghosh from Clifford Chance will be joining us for a webinar to demonstrate, with practical examples, the types of agreement and conduct that are permissable when exchanging commercially sensitive information. Competition authorities are increasingly willing to investigate companies operating in the financial services sector, with the threat of heavy fines, disqualification and even imprisonment for those who breach competition rules. Register for this free session at the IUA Education Hub: https://buff.ly/0z9g597

Anyone involved in handling, adjusting, or settling claims on Californian risks must undertake annual training. The state's Department of Insurance insists that all such professionals annually update their knowledge of its Fair Claims Practices regulations. IUA members can satisfy this requirement by attending our webinar with Wilson Elser on 29 October. Shannon Santos, and David Simantob from the law firm will provide a comprehensive review of the regulations. This year, the training will also offer instruction on the impact of emergency declarations from the California Department of Insurance. Register now at the IUA's Education Hub: https://buff.ly/lYcF8Rf

Contingency insurers in the London Market this morning gathered for a networking breakfast hosted by the IUA's Contingency Working Party. The event included several roundtable discussions led by leading industry figures. Jennifer Kleiser of DWF spoke about non-disclosure of pre-existing medical conditions by an artist. Harrison Costi from Tysers discussed over-redemption and prize indemnity. Dom Oversby of Dale Underwriting Partners highlighted adverse weather considerations for covering outdoor events. Caspar Prestidge from Convex Insurance looked at the importance of clarity and contract certainty on clauses, exclusions, wordings and quote terms. For further information about the work of the IUA's Contingency Working Party please contact the IUA's Joe Shaw and Ela Metalia.