What are the basic technical knowledge requirements?
A list of technical insurance subject areas and reporting requirements fornon-life insurersandLloyd's managing agentsis offered for illustrative purposes only.
Also by way of illustration only, the types of questions and advice, provided by Tom Bolt, then Director, Performance Management, Lloyd's, at a market briefing of NEDs in Q4 2014, provides a useful check-list of issues that relate to underwriting management.
INSURANCE ACT 2015
Members of all insurance Boards should possess a working knowledge of the Insurance Act 2015which embodies far-reaching reforms to previous UK legislation and the contractual relationships between policyholders and their insurers.