Policy Wording: Standardisation and the Hunt for Capital Relief
Marian Boyle participated in a panel discussion, "Policy Wording: Standardisation and the Hunt for Capital Relief," at the Insuring Short Term Trade Finance Conference, sponsored by ITFA, on November 27, 2018.
One of the hidden challenges of underwriting is the policy wording. The panel examined the key issues around this and tried to forge out solutions to them.
Topics discussed included:
- How can we make a policy that really works for both the banks and insurers?
- How can insurers best package their products?
- How can an industry-wide standardisation of wording be achieved?