Amlin awarded Corporate Chartered Insurer status
by Gill Montia
Story link: Amlin awarded Corporate Chartered Insurer status
Amlin Underwriting has become the first London market insurer to achieve the gold standard of Corporate Chartered Insurer status.
Granted by the Privy Council, Chartered status was introduced earlier this year by the Chartered Insurance Institute, following the Aldermanbury Declaration on raising standards within the industry, to which Amlin is also a signatory.
It aims to give insurers parity with other professions, such as bankers, accountants and actuaries, with whom they do business
Applicant companies need to provide evidence of their delivery of skills and knowledge training, performance management, values and commitment to ongoing professional development.
In the case of Amlin, 420 staff were deemed “in scope”, comprising all customer facing underwriting and claims staff from Amlin London and Amlin UK.
The group’s director of underwriting, David Harris, says: “We believe this award will send a powerful message to our brokers and clients that they should expect high standards of professionalism when working with Amlin.”
He adds: “This should also serve as a differentiator from our peers and help us continue to attract talented professionals to the group.”
Earlier this month, Amlin reported at 39.4% rise in gross written premium for the ten months ended 31st October 2010, compared with a year earlier, to £1.92 billion.