New Association Established to Elevate Standards of Expert Reports in Insurance Claims
New Association Established to Elevate Standards of Expert Reports in Insurance Claims
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The insurance industry has long grappled with inconsistencies and varying quality in expert reports, which are pivotal in claims assessments.
In response, the Association of Insurance Building & Engineering Consultants (AIBEC) has been established to address these challenges and elevate industry standards.
Founded by industry veterans Deniz Bekir and Andrew Morse, AIBEC aims to standardise practices among building and engineering consultants involved in insurance claims. The association's primary objectives include:
Developing comprehensive training programs tailored for consultants to ensure a consistent understanding of proximate causes of loss.
Establishing a code of practice that outlines minimum content requirements for expert reports and scopes of work.
Advocating for clear definitions of terms such as wear and tear, deterioration, and building movement to eliminate ambiguities in reports.
Setting minimum qualification standards for consultants to ensure a baseline of expertise and professionalism.
These initiatives are designed to enhance the accuracy and reliability of expert reports, thereby facilitating fairer and more efficient claims processes.
For consultants, the formation of AIBEC presents an opportunity to engage with a professional body dedicated to their specific needs. Membership offers access to tailored training, professional development resources, and a platform to influence industry standards. By aligning with AIBEC's guidelines, consultants can enhance their credibility and contribute to the overall improvement of the insurance claims process.
In summary, the establishment of AIBEC marks a significant step towards standardising and improving the quality of expert reports in the insurance industry. Consultants are encouraged to participate actively in this initiative to foster a more consistent and professional landscape.
Published:Saturday, 20th Dec 2025 Source: Paige Estritori
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Knowledgebase
Double Indemnity: A clause or provision in a life insurance policy that doubles the payout in cases of accidental death.
