IUA priorities and achievements 2016
Continue increase in number of Ordinary members
Two new members joined in 2016 and another in early 2017
Successful implementation of placing platform
PPL went live initially for terrorism business with financial and professional lines later added as a second class, followed subsequently by marine.
Conduct a full review of model wordings and clauses in light of Insurance Act 2015
Three new clauses were published and 17 existing clauses were revised to satisfy implementation of the Insurance Act. Further updated guidance was also published to take account of the Enterprise Act.
Increase international activities of IUA Secretariat
Services are now being provided to the Singapore Reinsurers Association and talks regarding affiliation have begun with DIFC Association in Dubai and General Insurance Council of India.
Successful implementation of phase one of Central Services Refresh Programme
The first part of the CSRP upgrade has gone live and extensive market acceptance testing has taken place.
Conduct survey on EU Referendum and respond accordingly
The survey was conducted, results published to members and the IUA participated in the referendum debate. Extensive representation of company interests has subsequently been carried out to support Brexit negotiations.