Professional Indemnity Insurance Insight

June 26, 2019

A certain level of risk is inherent with all professional activities, but the implementation of a proactive Risk Management (RM) strategy can minimize both the frequency and severity of professional errors, and better protect the contractor against resultant contractual liability. While this will undoubtedly make their risk more appealing to PI insurers, discounting the cost of risk transfer, the benefits are far more wide-ranging. Not only can the business see a reduction in the cost of risk which they retain (e.g. losses within the policy excess); they will also help to guard against the intangible cost of reputational damage which results from professional error.

Spotlight

Zurich Insurance plc

Zurich Insurance plc has insurance operations in Ireland and employs over 13,000 people in nine other countries throughout Europe. Zurich Insurance plc is part of the Zurich Insurance Group, an insurance-based financial services provider founded and headquartered in Zurich, Switzerland in 1872. With a global network of subsidiaries and offices in North America, Europe, Asia-Pacific, Latin America and other markets, Zurich’s 55,000+ employees serve customers in more than 170 countries.

OTHER WHITEPAPERS
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7 Questions to Ask Before Designing Your Insurance

whitePaper | January 14, 2020

After months of strategy and budget meetings, you’ve got the green light – it’s time to begin building your company’s quality assurance program. But are you prepared for the realities of the creation process? Can you address the inevitable questions and setbacks as they appear?

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Motor insurance: Acquiring and retaining the right customers in a post COVID-19 world

whitePaper | April 6, 2022

The impact of the COVID-19 outbreak has been devastating for the global economy, and with many countries in extended lockdown, there has been a seismic shift in customer behaviour and business operations.

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Moving to the cloud is reshaping the insurance industry

whitePaper | October 25, 2022

With many employees working from home and digital business on the rise, insurers need a solution for managing, data, core systems and organisational needs. This whitepaper discusses the benefits of cloud computing for insurance companies.

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Best practices for increasing policyholder retention and satisfaction

whitePaper | February 3, 2020

The U.S. property and casualty (P&C) insurance market continues to rank among the most competitive in the world, and the competition is only getting stiffer. In an effort to differentiate themselves from the competition, many insurance carriers have turned to aggressive pricing in the form of lower premiums for policyholders. Still others have tried to pull ahead of the pack with self-service claims models or other specialized insurance products.

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Key Features of the The Life Insurance Policy within the Prudential ISA

whitePaper | June 14, 2022

If you invest in a PruFund Fund in the Prudential ISA through the Life Insurance Policy, the assets will be held in trust on your behalf by Link Financial Investments (Nominees) Limited in its capacity as the ISA Plan Manager’s nominee. You don’t hold any direct rights under the Life Insurance Policy.

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Spotlight

Zurich Insurance plc

Zurich Insurance plc has insurance operations in Ireland and employs over 13,000 people in nine other countries throughout Europe. Zurich Insurance plc is part of the Zurich Insurance Group, an insurance-based financial services provider founded and headquartered in Zurich, Switzerland in 1872. With a global network of subsidiaries and offices in North America, Europe, Asia-Pacific, Latin America and other markets, Zurich’s 55,000+ employees serve customers in more than 170 countries.

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