Insurers

Law firms face greater pressure than ever driven by heightened competition in the market place and increasing regulatory pressures. The need for a feasible business model underpinned by an effective risk management system has never been more important.

The ability to identify and analyse trends in claims and complaints and get under the skin of the business to test financial and regulatory systems are necessary weapons in insurers' armoury when deciding whether or not to offer professional indemnity insurance to a law firm or business operating in the sector.

The Compli team offers a range of consultancy services to insurers designed to provide insight and analysis during the course of the underwriting process and beyond.

Please see the list below for an overview of our core service offerings.

  • Pre-inception on renewal audits

    Compli offers bespoke pre-inception or renewal audits focusing on structural, regulatory, and financial issues. We work with you throughout the risk assessment process to review the business’ risk management approach and test the proposal form submissions. Our expertise in ABS applications enables us to fully advise both insurers and new businesses of the risks and areas of weakness. Similarly, if you have concerns about your insured, triggered by the volumes or the profiles of claims generated, we can complete a full scale or focused audit to identify systemic or other failures and produce an action plan to address these issues.

  • Claims audits

    The Compli team offers a range of consultancy services to insurers designed to provide insight and analysis during the course of the underwriting process or where other specific concerns arise about the numbers and profile of claims.

  • Solicitors' disciplinary defence work

    Compli’s disciplinary and representation services combined with our expertise in professional indemnity claims provides a “one-stop shop” for insureds under investigation by the SRA and facing a subsequent claim. Our experience and understanding of how the SRA deals with these issues informs the advice that we provide and optimises the prospects of a successful defence.

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