CII takaful qualification
The CII is to launch a new Islamic insurance qualification in September. It says the programme, developed by the Bahrain Institute of Banking and Finance will cover Islamic law practice and perspective, comparative analysis between conventional and Islamic companies, also known as takaful companies, accounting standards, surplus and loss distribution, structure and operations of Islamic insurance companies and family and general takaful products.
Council insurer case
A court case that could decide the future of the insurance mutual for London’s local authorities resumes this week. The case was brought by public sector insurer Risk Management Partners , which claimed that Brent council breached the Public Contracts Regulations by abandoning a procurement exercise in favour of the London Authorities Mutual Limited (LAML), which had not been active in the process.
Equity appoints fraud firm
Equity Claims, a subsidiary of Equity Insurance Group, has appointed Absolute Fraud Management to handle its motor theft claims. The two-year exclusive contract follows a six-month pilot that saw Equity’s fraud detection benchmark exceeded by 100. Absolute uses cognitive interviewing to resolve claims.
