Transcript Wed_H11b_1015_Axco - Airmic Conference 2014

Airmic conference 2014 – SHAPING THE FUTURE OF RISK
Seminar S4: WEDNESDAY 18 June 2014
Compliance solutions for global insurance programmes
A new database for Airmic members:
Insight Risk Manager
Airmic and Axco
Insight Risk Manager
 Compliance of global insurance programs is an increasing
concern for insurance buyers
 It is often difficult to obtain information about legal
requirements in different territories
 Buyers of global insurance programs need access to
information on legal requirements
 Axco has been working with Airmic and insurance brokers
to develop a database for insurance buyers
 This workshop is an opportunity to explore and evaluate
the information in the database
Insight Risk Manager
Presentations and discussion:
1.
Why the database was developed:
Helen-Clare Pope, Tesco
2.
Who the database is for:
Karen Gorman, Willis
3.
What the database includes:
Tim Yeates, Axco
4.
Demonstration of Insight RM:
Daniel Brougham, Axco
Chair: Paul Hopkin
Technical Director, Airmic
Insight Risk Manager
Why the database was developed:
Helen-Clare Pope, Tesco
 Growing awareness that ‘non-admitted’ may not be sufficient
 Global compliance a concern over many years for buyers
 Conflicting information from insurance companies
 Insurers information pertains to insurers compliance
Insight Risk Manager
Who the database is for:
Karen Gorman, Willis
 Principally Airmic members responsible for insurance purchasing
When to consult your broker
 Industry specific regulations not covered
 Market practice versus regulation
 Advice on actual insurer solutions to issues covered by database
Insight Risk Manager
What the database includes:
Tim Yeates, Axco
 Question & Answer format with question designed to address key
compliance issues of buyers
 Designed to allow users to select countries and questions specific to
their information requirements
 Information is delivered on an ‘as is’ basis
 Content update policy and information gathering process will replicate
the tested Axco model
 Airmic and Axco will continue to work together to develop the
database in response to user and industry feedback
Insight Risk Manager
Demonstration of Insight RM:
 Access route
 Registration Process
 Functionality
Daniel Brougham, Axco
Airmic conference 2014 – SHAPING THE FUTURE OF RISK
Seminar S4: WEDNESDAY 18 June 2014
Compliance solutions for global insurance programmes
A new database for Airmic members:
Insight Risk Manager
Airmic and Axco