IUA Circular 022B/24

IUA Policy Wordings Masterclasses 2024

(Session 1 of 4): Mastering risks and the scope of cover

with expert speakers from the IUA Clauses Committee:
Shahid Khan, Chief Product Counsel - UK & Europe, Berkshire Hathaway Specialty Insurance
Dr Caroline Bell, Head of Wordings, QBE Europe

Christopher Crane, Legal Director, Wikborg Rein

 

Please note that this event is in-person only
 
Event Date Revision to:  Wednesday 01 May 2024
Time:  Welcome buffet Breakfast at 08.30am
Session for commence at 09.00am for approx 90 mins

(NB: If you have not already re-registered to attend the revised date, please confirm soonest)
 
Venue:  Cavendish Conference Centre, One America Square, 17 Cornhill, London EC3
 
Subject:  This IUA technical masterclass will consider the fundamental features of policy wordings and the absolute need for contract clarity. 
 
This is a free event, but names and email addresses of all attendees are required for registration.
Please click here to register


How should I draft an insuring clause? What is a condition precedent, how does it compare to a warranty and what if the insured breaches one? Why does insurable interest matter?

This IUA policy wordings masterclass will consider key introductory questions and concepts related to the fundamentals of insurance contracts, which are the cornerstone of the insurance process. Our expert wordings practitioners will explain how an effective insurance process is underpinned by a clear and comprehensive policy wording that meets the needs of parties to the contract and is well understood by those parties.

This event is aimed predominantly at junior practitioners and will benefit underwriting, claims, broking and service provider representatives.

With reference to real wordings examples addressing key coverage concepts, attendees will have the opportunity to engage in discussion and debate and hear from insurance wordings practitioners on:

• Formation and requirements of a contract
• Insurable interest, the indemnity principle and the duty of utmost good faith
• Insuring clauses, exclusions and causation
• Principles of policy construction
• Conditions, conditions precedent, warranties and consequences of breaches
Our Speakers:  
Shahid Khan oversees all product development in UK and Europe across multiple lines of business. 

Dr Caroline Bell leads the wordings team at QBE European Operations with overall responsibility for wordings used in the UK, EU and various other multinational locations.

Christopher Crane is an insurance and reinsurance lawyer, specialising in complex claims and disputes.

2024 Masterclass series:
Session 1 - Mastering risks and the scope of cover (REVISED DATE from 9th April to 01 May 2024)
Session 2 – Unravelling Claims, Loss, and Resolution  (09 July) – details to follow
Session 3 – Navigating the London Market process (Q3 2024)
Session 4 – Cracking reinsurance structures (Q3/Q4 2024)

A Circular with all event details for the above, including registration, will be distributed closer to the date of the session.
 
DISCLAIMER: The market briefing presentation materials and speaker comments therein were prepared solely by the presenter(s) in their personal and professional capacity. Any materials or opinions expressed do not necessarily represent the views of the IUA and IUA does not bear any responsibility for, or liability to, any parties in respect of the accuracy, legality or overall content of the presentation or any other comments made by speakers or other attendees during the market briefing.

As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities. Our market briefing events are certified as being suitable for CPD purposes. To obtain a self assessment form for any particular event please email Deborah Finch. These forms will be issued after each individual event upon request. 

Anti-Trust Statement: It is the clear and unequivocal policy of IUA to comply in all respects with all applicable competition or antitrust laws. Consequently, IUA Market Briefing Attendees will not participate in any practice that would have the object or effect of restricting competition, nor will IUA provide a forum to promote anti-competitive conduct. In particular, any discussion or agreement on key commercial terms, such as commercial premiums, is likely in all instances to be unlawful and must be avoided. A competition law ‘Do’s and Don’ts ’ guide is available and the IUA is happy to answer any questions on competition law that  attendees may have.