Property Insurance Wordings: London Market and Singapore Perspectives

Property Insurance Wordings: London Market and Singapore Perspectives

‍

Property insurance wordings continue to evolve in response to changing risk exposures, underwriting practices, claims experience, and developments in the legal and regulatory environment. For insurance practitioners, it is increasingly important to understand not only what a policy clause states, but also its intended purpose and how it may be interpreted and applied in practice.

 

Jointly presented by the Singapore College of Insurance (SCI) and the International Underwriting Association(IUA), United Kingdom, this complimentary webinar brings together experienced insurance, wordings and legal specialists to explore property insurance from London Market, Singapore and wider Asian perspectives.

 

The session will examine developments in the property insurance market, selected policy clauses and wordings, and practical issues arising from their application. Drawing on underwriting, wordings and market experience, the speakers will discuss the rationale behind selected clauses and highlight key considerations for insurance practitioners when reviewing, interpreting and applying property insurance provisions.

 

The discussion will be complemented by a Singapore and Asian legal perspective, allowing participants to consider how London Market approaches and policy provisions may interact with local legal principles, market practices and approaches to policy interpretation.

 

Through practical examples and expert discussion, this webinar will help underwriters, brokers, claims practitioners and other insurance professionals develop a deeper and more practical understanding of property insurance wordings and their implications.

 

‍

‍

Target Audience

This webinar will be particularly relevant to:

• Property insurance underwriters
• Insurance and reinsurance brokers
• Claims practitioners
• Policy wordings and product specialists
• Insurance legal and compliance professionals
• Risk managers
• Other insurance professionals seeking to strengthen their understanding of property insurance clauses, wordings and their practical application

‍

‍

Speakers

Mr. Richard Foster

‍‍Head of Property, Political Violence & Contingency
IGI - International General Insurance Co. Ltd

‍

Richard Foster is a senior property insuranceprofessional with over 30 years of international underwriting and leadershipexperience. He is currently Head of Property, Political Violence &Contingency at International General Insurance (IGI) and Deputy Chair ofthe IUA Property Underwriting Committee.

Richard brings extensive expertise in property, terrorism and politicalviolence risks, together with significant experience in training and industryengagement. He will provide the property underwriting and London Marketperspective, drawing on his extensive experience in the internationalproperty insurance market.

‍

Ms. Nicolette Rodrigues‍

‍Wordings Manager
Liberty Mutual Insurance 

‍

Nicolette Rodrigues began her career in private legalpractice before moving into insurance wordings in 2005 with Willis, now WTW, inMumbai. She subsequently worked with QBE and Brit Insurance and is currently a WordingsManager at Liberty Mutual Insurance Europe.

Her experience spans various insurance classes in both direct insurance andfacultative reinsurance, with particular expertise in Property and BusinessInterruption across UK and international markets, as well as Construction,Ports and Terminals, and Downstream Energy. She holds a Bachelor of Commerceand Economics, Bachelor of Laws, Master of Laws and Dip CII, and is involvedwith the IUA Clauses Committee.

Nicolette will provide the policy wordings and clauses perspective,focusing on the structure, drafting, interpretation and practical applicationof property insurance provisions.

‍

‍

Mr. Julian Teoh‍

‍Partner
Fenchurch Law, Asia-Pacific

‍

Julian Teoh is a specialist insurance and reinsurancelawyer with over 20 years of post-qualification experience in coverage anddefence matters. His experience includes working in-house with Australia’slargest general insurer, and he has particular expertise in complex property,construction and business interruption claims. He is currently a Partner atFenchurch Law, Asia-Pacific.

Julian will complement the London Market discussion with a Singapore andAsian legal perspective, highlighting areas where local legal principles,policy interpretation and market practices may differ from, or interact with,UK and London Market approaches.

‍

‍

‍

if you have any questions, please feel free to contact us at tt@scidomain.org.sg

‍