This IUA remote technical training session will provide attendees with a detailed understanding of the SCAP process. It is open to underwriting, claims, broking and service provider representatives.

Description

The Single Claims Agreement Party (SCAP) framework is designed to provide a more effective process for determining and settling cross-market, non-complex claims in the London Market which have a value of £250,000 or below (or currency equivalent) to the slip for open market placements.

This IUA technical training is open to individuals involved in the underwriting, claims or broking process and equally may be of relevance to service providers involved in the claims handling process.

It will provide attendees with:

• an overview of the rationale behind the SCAP process
• a summary of the intended scope of application of SCAP
• a detailed description of the practical operation of SCAP in respect of the placing and claims process

Key SCAP materials can be accessed as follows:

• SCAP Guidelines
• SCAP Launch Market Communication
• LMA9150 SCAP Clause

Our next SCAP Training session will be held remotely on 23 May 2023 at 3pm.

Speaker

• Charlotte Warr, Managing Director, Sarnia Training Limited