In multiple jurisdictions, inquiries, commissions and reviews are recommending redress schemes for victims of abuse. Insurers, reinsurers, brokers, claims team members, underwriters, and actuaries need to understand what redress is, how expectations may differ widely and that financial redress is just one aspect of a wider package.
On completion of the briefing delegates will have knowledge of current active schemes, including in Australia and as recommended in Northern Ireland. This briefing will help to recognise challenges associated with the provision of redress including around apologies, and help delegates to work on options for likely damages and costs associated with redress schemes. It will also spend time giving details of inter-action with civil and state compensation and talk about the lessons that can be learnt from previous schemes