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Binding Authority Management

Level:Specialist Duration:1 Day CII CPD Hours:6

This binding authority management training workshop provides an analysis of the procedures and practices of delegated underwriting and claims authorities in relation to binding authority management.

It considers some of the problems that can arise and their solutions. The workshop is generic in nature and applies to all classes of binding authority business.

Our binding authority management training workshop is suitable for staff from underwriting, broking and claims disciplines who are involved with the operation and management of binding authorities.

  • After attending this workshop, delegates will be able to:
    • Understand how the basic legal principles of insurance contracts apply to binding authorities.
    • Be aware of the roles of the parties involved
    • Understand how the market is regulated in relation to binding authorities
    • Understand how claims are managed
    • Be aware of best practice issues.
  • Workshop content includes:
    • The advantages of binding authorities and types of binding authority
    • Cover holder selection considerations
    • Modifications to basic principles; utmost good faith and disclosure
    • What they can tell us: premium and claims bordereaux
    • Claims issues and management:
      • Claim funds
      • Loss adjusters and lawyers
      • Use and regulation of third party administrators
    • Role and responsibilities of the cover holder, the broker and the underwriter
    • Best practice procedures:
      • Business conduct reviews
      • Audit processes and issues (hot and cold inspection)
      • Third party administration.
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Binding Authority Management

£205.00 Exc. VAT

This binding authority management training workshop provides an analysis of the procedures and practices of delegated underwriting and claims authorities in relation to binding authority management.

It considers some of the problems that can arise and their solutions. The workshop is generic in nature and applies to all classes of binding authority business.

Our binding authority management training workshop is suitable for staff from underwriting, broking and claims disciplines who are involved with the operation and management of binding authorities.

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+44 (0) 1372 361177