D&O Insurance
D&O Insurance
Background:One of the most discussed and least understood insurance products is Directors & Officers Liability (D&O). Market watchers note that even some lawyers have their problems comprehending what kind of coverage the insured managers have. At the same time, the market for D&O has grown rapidly over the last 30 years and especially since the late 1980s when it spread from the US to other markets.
Worldwide today, it commands roughly $10 billion in gross written premiums, and headlines are full of stories about “mega claims” of several billions of dollars along with more and less informed commentaries discussing the principles of this kind of insurance cover.
Free translation:
Salah satu asuransi yang paling banyak dibahas dan paling tidak dipahami adalah asruansi D&O atau Asuransi Tanggung Jawab Hukum Direksi & Pejabat (D & O). Pengamat pasar asuransi mencatat bahwa bahkan beberapa pengacara memiliki masalah tersendiri dalam memahami jenis liputan apakah yang dapat dimiliki oleh tertanggung. Pada saat yang sama, pasar untuk D & O memiliki pertumbuhan yang cepat selama 30 tahun terakhir dan terutama sejak akhir 1980-an ketika menyebar dari AS ke pasar lain.
Di seluruh dunia saat ini kira-kira menghasilkan US$ 10 miliar premi, dan berita utama penuh dengan cerita tentang "Klaim Mega" beberapa miliar dolar bersamaan dengan jenis asuransi yang lainnya.
Materi:
- Introduction
- What is Directors & Officers insurance?
- Why do companies purchase D&O cover?
- How D&O cover functions?
- What is covered?
- What is not covered?
- Who is covered?
- The time period of coverage
- The impact of the financial crisis on D&O risk
- Where do claims come from?
- D&O market developments
- Price development
- The European market
- Major D&O settlements
- The Asian market
- Typical D&O structures
- Limits of cover
- What does a D&O program look like?
- Costs of D&O
- Common questions
- What are the origins of D&O?
- Does D&O insurance encourage managers to behave negligently?
- What if a company is going public?
- What about companies active in more than one country?
- What if a company is merged or bought?
- What about outside directorships?
- How much risk can a single insurer take?
- Conclusion.
- Ir. Russel Effandy AAAIK. IPGDI. DIPL. CII.
25-26 April 2018
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