Airmic 2015: Mactavish unveils Insurance Act guidance

Unveiled at the Airmic show in Liverpool, the guide focuses on what insurance buyers need to focus on in the wake of the Act's introduction.

Mactavish said that the protocol will give insurance buyers the tools to address practical requirements which are directly specified by the Act, and wider priorities for overseeing best-in-class insurance placement as the Act goes live.

Bruce Hepburn, pictured, CEO at Mactavish, said: "Too often boards treat insurance as a commodity when in fact it actually operates as a highly nuanced contract and capital facility. The new legal framework coming into place in 2016 will see further obligations placed on insurance buyers and their Boards which in turn will herald an important era of insurance placement professionalisation.

"This new guidance note from Mactavish has been designed expressly to help businesses place policy reliability far higher up their list of priorities and ensure they are in a position to benefit from the Insurance Act".

The guide is available from the Mactavish stand (102) at the Airmic show.