Employers' liability insurance

Document description

The paper summarises the background to UK employers' liability insurance. The paper provides an update to a similar paper presented to the Institute of Actuaries' 1990 General Insurance Convention. Some, but not all, of the issues considered in that earlier paper are addressed within this paper. It is hoped that the paper will serve as a useful reference point for this area of insurance, providing detail of the legal and contractual framework, the market's size and current major players, key features of claims and claims reserving and a discussion of current issues affecting this market. While it was hoped to cover underwriting and rating this was not done. These topics were touched upon in a 1997 General Insurance Convention paper: 'The Premium Rating of Commercial Risks'.