Brokers, insurers and trade associations will be invited to join a joint working party to address the business problems caused by the hard liability market.
The ABI and Biba held a meeting on Frida ...
Brokers, insurers and trade associations will be invited to join a joint working party to address the business problems caused by the hard liability market.
The ABI and Biba held a meeting on Friday at the ABI's London offices to discuss the issue, after trade associations claimed their members were going out of business because they could not obtain the liability insurance that complied with legal requirements.
At least 100 trade association representatives and government advisors attended the meeting.
Phil Grace of Norwich Union, Giles Qartly of QBE and David Thomas of Willis addressed the meeting on different aspects of the market.
Biba chief executive Mike Williams said the meeting was "very positive".
"No one went away thinking there was a short, sharp answer to the problem, because there isn't, but with a commitment to work on solutions," he said.
Williams said the insurance industry and trade associations would establish a working party to develop guidance on insurers' health and safety requirements.
He said it would also look at setting up schemes for specific trades and gathering data that could be used by both insurers and trade associations.
