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The consequences of a terrorist attack can often extend way beyond the physical and emotional damage caused; it can also mean a loss of earnings as the community struggles to move on. In this video, Geo Specialty’s Marcus Meredith, Head of Terrorism, and Adrian Scott, Development Director, offer a window into the UK terrorism insurance market and the Geo Specialty’s terrorism cover.

In this bulletin, Nick Grazier takes us through a merger at Lloyds, the acquisition of Bonus Drive & an update on Vibe Syndicate's stance on underwriting.

Cybercrime is on the rise globally but, how pressing of an issue is it for your organisation, and how can you best mitigate the threat of an attack? Join experts from Accenture, Arch Insurance and AXA XL for insight into the risk management industry and an explanation on how important culture is for the insurance industry. Joining Mark Colegate to discuss, we have:

• Max Richter, Managing Director, Accenture
• Marcus Breese, Class Underwriter, Arch Insurance
• James Tuplin, Head of Cyber & TMT, International, AXA XL

Tutors:

• Karl Hewstone, Head of IFA Health Sales, VitalityHealth
• Ari Zadikov, Head of Technical Marketing, VitalityHealth
• Sally Burrowes, Director of Legal and Business Support, VitalityHealth

Learning outcomes:

1. The importance of employee wellness for a business
2. The business protection needs of SMEs
3. The benefits of a group healthcare plan

Tutors:

• Dr. Keith Klintworth, Deputy CEO, VitalityHealth
• Karl Hewstone, Head of IFA Health Sales, VitalityHealth

Learning outcomes:

1. The rationale behind PMI and how it can benefit your clients
2. The important medical conditions where insurance is concerned
3. How to build a PMI plan for clients

Tutors:

• Robert Betts, Market Development Manager, Legal & General
• Stuart Halliwell, Market Development Manager, Legal & General

Learning outcomes:

1. The need for key person cover
2. How to set up key person cover for different types of business
3. The treatment of premiums and policy proceeds for taxation purposes
4. How to identify key people within different kinds of business
5. How to calculate the appropriate sum assured for key person policies
6. Business demographics and attitudes with regard to key person cover
7. How certain businesses can use key person policies within their sales process

Tutors:

• Richard Kateley, Head of Specialist Protection, Legal & General
• Martyn Pask, Industry Consultant

Learning outcomes:

1. The current awareness and take up of business protection products in SMEs
2. The opportunity that exists for advisers to develop in the business protection market
3. How to develop SME client opportunities
4. How adviser businesses business protection requirements differ from other SMEs

1. Peace of mind, knowing your children are covered for 7 medical conditions from accidents and 12 major illnesses, listed in the policy.

2. Prepared, as your salary will be paid within 30 days of your claim being agreed.

3. Flexible, so if needed you can return to work part-time or other basis.

Why have ChildMax insurance?

A seriously ill child places a strain on the family. You’ll be able to give your child the time they need during both the medical crisis and the recovery period, knowing that ChildMax is paying your take home salary on a monthly basis for a whole year while you’re on unpaid leave. Claim payments are tax-free and if needed, you can choose to return to work on a part-time or other flexible basis.

Can everyone buy ChildMax?

Yes, so long as you are a UK resident. Your children must be over 3 months old and under 18 years old and either natural (biological), step (from marriage) or legally adopted.

How long does the cover last?

For 12 months. You can renew ChildMax every year to suit your circumstances. For instance, you can increase or decrease your cover in line with your salary and the changing needs of your family.

How much does it cost?

Starting from £49.50 for £1,000 monthly take home salary. The amount you pay depends on your pay, the number and age of your children. For example, if you have two children, aged 4 and 6, with a £1,500 monthly take home salary, then the amount you’ll pay will be £88.37 per year. With a 3 year-old and the same take home pay, you pay just £50.54 per year.

What’s covered?

12 illnesses and 7 medical conditions from accidents, as listed in the policy. This includes: aplastic anaemia, bacterial meningitis, benign brain tumour, blindness, cancer, coma deafness, kidney failure, loss of a hand or foot, major organ transplant, multiple sclerosis, paralysis of limbs, stroke, third-degree burns, or traumatic brain injury.

How easy is it to claim?

It’s very easy. Once our UK claims handling team agrees your claim, ChildMax pays your claim within 30 days. You choose the best date to start your leave from work. This can be during your policy or any time within 10 months of the policy coming to an end. If needed, you can choose to return to work on a part-time or other flexible basis. ChilldMax pays the difference between your monthly take home salary and your lower earnings.

Based on the findings of the May 2019 Risk & Confidence Survey, CNA Hardy and experts discuss reputation risk.

CNA Hardy –Risk Roundtable