Documentation Reviews

Insurance Compliance Services – London Market has the expertise and experience in working on Conduct Risk issues for Lloyd’s Managing Agents and other insurers, including reviewing UK insurance policy wordings and related customer documentation for which the insurer (or applicable product Manufacturer) is responsible, to ensure those documents are compliant. This includes reviewing existing policies and assisting with the design and drafting of policy wordings for new insurance products.

We have successfully drafted numerous Consumer and micro-enterprise insurance policy wordings, and accompanying IPIDs, which are currently used in the UK insurance market including commodity and flexible benefit products.

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Some considerations for the legal contract between the insurer and the policyholder and other customer documentation.

Consumer customers

 

Micro-enterprise customers (Lloyd’s)

Therefore, Lloyd’s insurance policies for micro-enterprise customers have to be blended to fulfil their Consumer status and comply with the Insurance Act 2015.

For more information about our coverholder support services please call us on 01892 539600 or email enquiries to us at: admin@insurancecompliance.co.uk