IndemnityAn insurer makes a payment to replace what is lost or damaged, putting you back to where you were, financially, prior to the loss occurring.
Insurance Act 2015This is an Act of Parliament (within the UK) which has made significant reforms to insurance law and replaces legislation which dated back to the early 1900’s. The Act introduced new obligations, which are coupled with strict remedies for insurers.
Insurance Intermediary/BrokerAn insurance intermediary who advises their clients and arranges their insurances. A full-time specialist with expert skills in insurance business.
