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Professional Indemnity Insurance - Case Law, Regulation and Practice

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$242.00 (inc GST) $220.00 (exc GST)
1.30 KGS
In Stock

Product Description

Insurance Institute of London (IIL) Research Study report with appeal to anyone interested in professional indemnity insurance whether needing, arranging, claiming or managing claims or reinsuring insurers.

Authors: IIL Research Study Group 228A

ISBN: 9780900493911

Published: IIL, Second Edition 2010

Binding Format: Soft cover

As in the first edition, it provides background generic to all professions including legal liabilities, underwriting considerations, claims and future developments. The scope of the book has been expanded to appeal to a wider audience by including material that will be helpful to professional indemnity insurance practioners whether they be claims managers, brokers, underwriters or reinsurers as well as serve as a useful introduction for young professionals.

The new edition includes:- 

  • study of case law involving the selected professions
  • changes which have occurred since 2001 such as those introduced by IT development, economic conditions, regulations, trading standards
  • the considerations given to pricing Professional Indemnity insurance and underwriting risks
  • Financial advisers and separately insurance brokers, showing the impact of ombudsman''s powers and FSA regulation on the exposures to professional indemnity losses
  • claims management and the relevant protocols 
  • reinsurance and the problems caused by a mismatch between loss notification clauses in original policies and the relevant reinsurance contracts


The Insurance Institute of London (IIL), by far the largest in the UK, was established in 1907 and today has over 17,500 members. IIL's objective is to raise professional knowledge of those working in insurance and assist them in their career development through a combination of lectures, an annual journal and facilitation of Research Study Groups (RSG). RSG's are formed to research specialised areas of insurance. They are lead and their members are drawn from those with acknowledged expertise in the particular areas being researched. The comprehensive reports subsequently produced and published are highly regarded and well received both in London and around the insurance world.

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