Power hour: Modernising the industry

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With possible changes in legislation in the near future, our expert panel discusses what effects a tightening up of the law could have for brokers. Emmanuel Kenning reports

What are the proposals around the possible Insurance Contracts Act in 2015?

Neil: The fundamental intent is to modernise insurance law and give the purchaser of insurance a greater degree of comfort around duty of disclosure, the basis of contract, and how warranties would operate across the insurance contract, in addition to a better insight and level of understanding about how insurers will deal with the issue of fraud. This flows from the contract law review, the Consumer Insurance Act in

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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