- CII survey indicates impact of COVID-19 on trust in insurance profession
- CII Society of Claims Professionals prepares for New Normal
- Willis Towers Watson launches suite of cyber assessments to help clients better manage cyber risk
- The next pandemic-level threat? A global cyberattack predicts Databarracks
- ABI comments on short delay to the implementation of the Whiplash Reform Programme
- Insurance Europe responds to FSB paper on regulatory and supervisory issues relating to outsourcing and third-party relationships
- Builders Mutual selects Duck Creek Suite OnDemand and Industry Content expired
- Majesco acquires ClaimVantage expired
- Sapiens partners with Click-Ins to speed up car damage claims process expired
- Bermuda-based Canopius Re gains Class 4 licence expired
- Pandemic drives China’s decoupling from worldwide economies-New Atradius Asia Economic Outlook expired
- Brexit could cost UK exporters £25bn as full COVID recovery pushed back to 2023 says Euler Hermes expired
13th January 2021
CII Society of Claims Professionals prepares for New Normal
SOCIETY OF CLAIMS PROFESSIONALS PREPARES FOR NEW NORMAL
The Society of Claims Professionals (SoCP) has revealed plans for how it will assist members both individually and collectively get used to the new normal of working in 2021.
January marks two year since the launch of the Society of Claims Professionals, a dedicated professional body created by the Chartered Insurance Institute for individuals who work in claims.
Jeremy Trott, non-executive director of the Society of Claims Professionals, said the professional body recognises that firstly claims professionals need to ensure they keep up to date with all of the technical aspects of coverage and how what we have on cover might actually play out from a claims perspective.
He said: “Let’s be honest– utside of a few industry experts, there were few that truly understood business interruption cover and all that it entailed; and this is only from one very specific perspective–pandemics.
“We now need to review what other key aspects of cover we need to consider going forward, and work with underwriters and other areas of the business to drive forward both policy and technical developments across our businesses, with simplicity and transparency at their core, for both customers and employees.”
Secondly, Trott said claims professionals need to consider more leadership and behavioural support, as the various restrictions and working from home on a more permanent basis have changed the way the sector operates.
He said “We’ve gone from everyone in an office to everyone from home and will probably morph into a hybrid of the two during the coming years, with a variety of different models being set up. How do we ensure that we are thinking about all of the regulatory, welfare, customer, technological, training and induction concerns moving forward, and provide support to our membership?”
Thirdly, Trott said the society will assist members think about the changing skillset that this new normal will require by producing good practice guidance and by providing a forum for the advancement of new ideas, career development and professional qualifications.
He pointed to the way COVID-19 accelerated technological development but noted other aspects–including data, AI and customer expectations–all need to be considered when pulling together a programme of support for claims professionals moving forward.
Trott concluded “Whatever we need to do should come from clear and simply explained policies that we deliver on in the key moment of truth of making a claim. Small steps towards building back this trust, with some strong messaging about how many claims we do pay out on, will slowly and surely rebuild trust.”
CII Trends(320 articles)
Regulatory/Government/Trade Assocs(8080 articles)