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Brokers Ireland Autumn CPD Webinar Series: Overview of Apartment Block Insurance

Presented by WTW

Tuesday 26 September 2023 | Duration: 1 Hours


Webinar Details:

WTW are delighted to present to Brokers Ireland members a webinar titled ‘Overview of Apartment Block Insurance’ on the Tuesday 26th September 2023 at 1100 hrs.

The Irish property insurance market has faced several challenges which have combined to make market conditions uncertain. These challenges include but are not limited to increased claims frequency and quantum, rising inflation, the lingering effects of the Covid 19 pandemic, the war in Ukraine, the climate emergency, and issues relating to the availability and affordability of reinsurance.

Since property insurance followed other sectors into a hard market in 2020, the insurance market continues to be challenging with underwriters becoming more selective and risk averse, with products disappearing altogether along with some of their providers.  The net result was less competition in the market, less movement of policies and price pressures due to supply constraints.

The commercial property insurance market, including apartments, has not been immune to these factors.

Simon King, Property Portfolio Manager with Broker Services, WTW will present this one-hour webinar with Brokers Ireland and will outline details around specific apartment block insurance, what it covers and some additional points for consideration such as:

  • Understanding the Key Stakeholders
  • The Exposures at Risk
  • Fire Safety
  • Additional covers that may be appropriate to ensure clients have the best protection

In seeking to mitigate cost increases, property owners must ensure they don’t fall into the trap of making false economies by underinsuring. WTW Propsure scheme is designed to provide property insurance solutions for landlords, residents associations, and management companies. WTW Propsure facility has a broad risk appetite including private healthcare clinics, office blocks, apartment blocks, commercial let properties and residential accommodation.

One hour CPD (cat: 5) will apply to this webinar (subject to accreditation approval) for members who attend the full webinar duration.


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