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Approach with reservation

Written by James Cooper for Insurance Day - reproduced with the kind permission of Informa

As discussed at Clyde & Co’s second annual Clyde & Co financial institutions conference last month, which was attended by more than 170 market professionals, making a reservation of rights in the right way and at the right time is a key issue in the proper management of relationships between insurer, insured and broker.

This is an area the Association of Insurance and Risk Managers (Airmic), together with its insurance partners, has been looking at closely and is close to releasing a model clause that would be legally binding when incorporated into insurance contracts.

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