The Tentacle

The Think Pieces

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The Hardening PI Market

Life is getting tougher for brokers in PI and Construction as premiums shoot up, says James Sharp for Insurance Age - October 2019. On seeking editorial guidance regarding the current topics of broker interest about which I could comment, I discovered there were two. On the one hand, what one might refer to as Sexism in the City and, on the other, the loss of appetite or capacity in certain parts of EC3. I landed the latter one, which is probably just as well. It was the late 90s when the market…

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Why do you need to do CPD hours?

As a professional, it is important to continue learning, no matter what level of qualification you reach. Further to that, it’s a regulatory requirement. Introduced early in 2018, the relatively new directive means you, plus any other advisors you may employ, must complete a minimum of 15 hours learning time if you don’t have any Insurance qualifications. If you do, it’s a minimum of 35, with at least 21 of those being structured. What counts as structured? Webinars/Seminars Courses – either online…

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Breakin’ Up is Hard to Do

TEn Director, James Sharp, shares his opinion on Brexit Originally published in Insurance Age 8/11/18 Breakin’ Up is Hard to Do The immortal words of Neil Sedaka have, perhaps, never achieved the same level of fiscal poignancy as now they do, thanks to Brexit. A messy divorce might be similar I suppose. So, what can we glean from this? That the lessons of a broken marriage on subsequent relationships should recommend the romantic equivalent of a Trade Deal, rather than returning anon to the path…

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Cyber Attacks & Ransomware

Earlier this year TEn was the subject of a Cyber Attack of broadly the same sort as that which seriously affected thousands of organisations across the globe on the 12th May. Although the hackers found a ‘chink in our armour’ – which ideally should not have been there – we were fortunate to have further levels of distribution and redundancy behind our front-line defences. In our case, the Ransomware encrypted the Word, Excel and PowerPoint files on our servers, but could not reach our emails on…

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The lesser evil... increase IPT!

The FSCS, the consumer’s compensation scheme, was hijacked on the eve of the Tory conference last year as a means of brushing under the carpet £14bn worth of Bradford & Bingley’s questionable assets and turning them into a debt owed to the government at some future date. Since then, we have seen Icelandic meltdowns and goodness knows what else; much of which has been covered by the political fig leaf of the compensation scheme.  Contary to popular misconception, the FSCS is not some big ‘fund’ in…

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