Loss adjusters call on brokers to educate HNW clients on valuations
A panel of loss adjusters at Insurance Age’s High Net Worth Forum today noted brokers should educate clients about the frequency of valuations and be handholders during tough conversations.
Grace Best-Devereux, executive major and complex loss adjuster for fine art, jewellery and specie at Sedgwick, explained that underinsurance remains a significant issue in the high-net-worth (HNW) market. And one that often becomes apparent when a policyholder has a house break-in.
“Hopefully, we are going to see more engagement from brokers with insureds on the education side of things in terms of making sure [they are] covered at this point in time – and going forward,” she said.
Particularly in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Blog: Do real estate claims need a rethink?
As capacity comes back into the previously hard real estate market, Victoria Jewell, head of real estate at McLarens argues insurers, brokers and adjusters have an opportunity to work together to reintroduce some structure and reflect on lessons learned when it comes to claims.
Sporting Sponsor: Birkdale Insurance Group and Southport FC
Insurance Age caught up with Birkdale Insurance Group to find out more about its main shirt sponsorship for Southport FC.
Dive In 2025 reveals theme ‘Belonging Builds Tomorrow’
Dive In, a festival for talent and culture designed to support the development of inclusive workplace cultures, is returning on 16 - 18 September 2025 for its eleventh year, rallying the insurance industry around the theme: “Belonging Builds Tomorrow.”
Underinsurance concerns remain high despite slight easing – Aviva research
Aviva’s latest Broker Barometer has revealed 68% of brokers believe clients may be underinsured which while still high has eased slightly.
People Moves: 9 – 13 June 2025
Keep up to date with the latest personnel moves in insurance.
Applied’s UK Epic withdrawal a “sad day” for brokers
Applied Systems pulling its Epic offering from the UK underlines how competitive the market is but is sad news for brokers and staff, according to experts.
SRG names ex-Lockton and Marsh boss Nimmo as first UK CEO
Specialist Risk Group has recruited Neil Nimmo as its first CEO – UK, effective immediately.
Staysure moves onto aggregators
Staysure Group is set to launch Avanti Go across multiple price comparison websites, marking the first time the group has made one of its travel insurance brands available via an aggregator.