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JLT Breakfast Briefing to Provide An Opportunity to Learn About the Claims Settlement Protocol - Jardine Lloyd Thompson Limited announce Interactive Breakfast Briefing ; 'A major loss claims settlement protocol' on 17th September 2008, London
JLT Breakfast Briefing to Provide An Opportunity to Learn About the Claims Settlement Protocol

 

NewswireToday - /newswire/ - London, United Kingdom, 2008/08/18 - Jardine Lloyd Thompson Limited announce Interactive Breakfast Briefing ; 'A major loss claims settlement protocol' on 17th September 2008, London.

   
 
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The Interactive Breakfast Briefing (17th September 2008, London, 9.00am – 10.45am) will draw from a BT Group Risk Management case study; - A six month project involving Jardine Lloyd Thompson, Echelon Claims Consultants, BT's insurers and appointed experts which won the 2008 StrategicRisk Award for Best Risk Financing Programme; the interactive breakfast briefing will provide an opportunity for you to learn about the Claims Settlement Protocol:

- Why this is needed;
- The challenges and process;
- Benefits it provides for the insured and insurer;
- How it improves your internal claims management process and ensure you can provide the information needed to evidence a loss;
- Case Study: BT Group Risk Management.

Many corporations stress test their policy coverage to ascertain whether the policy covers specified events. They undertake business interruption reviews to provide comfort about policy limits and exposures. And most have a business continuity process that helps them plan how they will handle a major incident.

But none of these provide any assurance about what constitutes a valid insurance claim and how such a claim would be handled by all the involved parties to ensure it is paid properly and in a timely manner. Surely if some clarity could be built into the insurance placement then this would enhance corporate governance?

BT Group Risk Management recognised this issue and in 2007 set themselves a challenge. In order to assure the efficacy of their catastrophic risk financing programme, they decided to review how their insurance programme would deliver payment of a large business interruption claim. How would a claim be calculated and evidenced? How could the settlement time be minimised?

This project provided BT and their insurers with a ground breaking, binding claims protocol which detailed the process for settling a catastrophic loss including a methodology for loss quantification.

The key benefits achieved were:
- Confidence in the insurance deliverable;
- Agreed claims process;
- Quicker claims settlement;
- Tools to calculate and settle smaller losses.

Who Should Attend
Insurance and Risk Managers, Board Directors, Company Secretaries, legal departments and anybody connected with insurance and risk management will benefit from this event.

 
 
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Written by / Agency / Source: Jardine Lloyd Thompson Limited

 
 

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JLT Breakfast Briefing to Provide An Opportunity to Learn About the Claims Settlement Protocol

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Publisher Contact: JLT Marketing Team - JLTGroup.com 
+44(0)20 7528 4000 jltlimited[.]jltgroup.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Jardine Lloyd Thompson Limited securities in any jurisdiction including any other companies listed or named in this release.

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