THE STATE OF PROFESSIONAL INDEMNITY INSURANCE

The London Society of Chartered Accountants in conjunction with the London Chamber of Commerce and Industry is hosting a half-day conference on Professional Indemnity Insurance – the issues, the market and the solutions. This event will take place on Wednesday 25 June 2003 at Chartered Accountants’ Hall, Moorgate Place, London EC2 from 15.30 and will be chaired by Dennis Cox, Managing Director of Risk Reward Limited.

Recent market conditions such as 9/11, the falling stock market and the Gulf war have led insurers to raise their premiums in an attempt to boost reserves and return to profit. In addition, many have opted to withdraw from certain areas altogether, including professional indemnity insurance. As a result, professional firms of all disciplines are experiencing problems with renewing their cover and are reporting substantial increases in their premiums. This event aims to look not only at the current state of the market but also to advise delegates on how they can improve their chances of getting reasonably priced cover in the future. It will offer advice on risk management and on how to avoid claims and the other pitfalls that can lead to increased premiums. There is also a session looking ahead to some of the likely future developments and opportunities.

Speakers from the City including Alan Mitchell and Piers Wigan from FirstCity Partnership Limited, a leading provider of risk solutions and insurance services, and Moira Hindson from Kingston Smith Chartered Accountants will be amongst those speaking at the Professional Indemnity Insurance conference. Delegates will also have the opportunity to question a panel of experts in the area of PII.

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