Sign In<h1>2017 Insurance Premium Tax increase announced </h1><br><br> <p>The Government has announced that the standard rate of Insurance Premium Tax (IPT) in the United Kingdom will increase from 10% to 12% with effect from 1 June 2017. </p><p>This will be the third rise since November 2015, meaning that IPT will have doubled from 6% to 12% in less than two years. This comes as a challenge for customers large and small who are trying to manage their spending more than ever, as well as the costs on insurers to implement changes. </p><p>However, the recent announcement of the Government's consultation to crackdown on whiplash claims is welcome news. Reducing the costs associated with whiplash claims which all motorists face is all the more valuable against the impending IPT rise.</p> <br> <p>If you have any further questions about your policy, please contact your Risk and Insurance Consultant.</p>2016-12-21T15:48:12Z<h1>IPT raise to 12% from June 2017 </h1> <p> "It's only really a slight surprise that the Chancellor has today announced a further increase in the rate of Insurance Premium Tax, as it's still a long way short of VAT which we may have to assume is a level where the Treasury sees this going in the future. However, it is disappointing and worrying that a trend is emerging as this will be the third increase in an 18 month period and does nothing to help manage the cost of insurance." </p><p> "The various changes doubles the rate applied to commercial and personal premiums from 6% around a year ago to 12% from June next year. As well as the costs on insurers to implement changes, it'll be a blow to customers large and small who are trying to control their spending more than ever." </p><p> "But the recent announcement of the Government's long-awaiting consultation to crackdown on whiplash claims is welcome news, and we look forward to seeing the finer details of the proposals which follow. Reducing the costs which all motorists face around whiplash claims is all the more valuable against the impending IPT rise." </p>2016-12-01T07:15:55Z's-response-to-the-civil-justice-system.aspx<h1>​Zurich's response to the civil justice system consultation from the Independent Inquiry on Child Sexual Abuse</h1> <br> <p>​In September 2016 Zurich responded to the consultation (Issues Paper) issued by the Independent Inquiry on Child Sexual Abuse on the civil justice system in relation to abuse claims. The responses to the consultation have now been published - you can find ours <a href="/Assets/Lists/Anonymous%20Content/ZM/2016-09-29%20-%20Zurich%20-%20Submission%20on%20IICSA%20issues%20paper%20number%201.pdf">here</a>.</p>2016-11-22T11:35:59Z<h1>Local authorities are ‘worlds apart’</h1><ul><li> <em>New report from Zurich Municipal highlights significant polarisation between local authorities around the UK</em></li> <br> <li> <em>A number of councils concerned about community cohesion in tough times</em></li> <br> <li> <em>Council CEOs view bold calculated risk as the new ‘default position’</em> </li></ul><p>The local government landscape is becoming increasingly polarised and can be characterised as the ‘haves and have nots’, a new report by Zurich Municipal has found.</p><p> '<a href="/Assets/Lists/Anonymous%20Content/ZM/news/The%202016%20senior%20managers%20risk%20report.pdf">Worlds Apart: The 2016 Senior Managers’ Risk Report</a>' was launched today at the SOLACE Summit in Newcastle Gateshead and is based on in-depth interviews with cumulatively 60 council CEOs across the United Kingdom over the last four years.</p><p>The report identified significant variations in the fortunes, aspirations and challenges facing Britain’s councils. While many local authorities are becoming bold commercial entities and driving forward their communities, some are facing serious funding black holes, which they claim is putting social cohesion at risk. One council CEO claimed that “society as we know it may start to break down”.</p><p>Much of the polarisation is being driven by years of austerity. Britain’s councils have made £10 billion in savings over the last six years, and must save another £10 billion. Some councils are optimistic on being able to rise to the challenge of making further significant savings, with one CEO saying “We will grow our way out of austerity.” </p><p>Others however, are not as confident. One CEO explained that their council was “not financially sustainable”, while another claimed that “people haven’t seen the impact of cuts yet, but they will”. At least one council suggested that it would not be able to fund mandatory obligations in the next 18 months.</p><p>Britain’s decision to leave the European Union (EU) could add further pressures on councils. With local authorities dependent on economic growth to continue to deliver essential services, council chiefs will be keeping a close eye on the shape of the economy once the UK formally leaves the EU.</p><p>Despite the stark differences between some local authorities, the report found that most council chiefs recognised a need for fundamental change. CEOs interviewed by Zurich Municipal said that risk-taking is now not just widespread but the default position. CEOs are increasingly accepting considerably greater risks in hopes of reaping higher rewards.</p><p>Other key trends revealed in the report include:</p><ul><li>Some local authorities will be completely <strong>dependent on money generated from council tax and business rates</strong> by 2020 and, for some CEOs, this is an ‘impossible dream’</li> <br> <li>Councils are increasingly focussing attention on <strong>prevention</strong> of issues across all public services. Many CEOs have recognised that early intervention means fundamentally changing their model from providing for residents to working alongside them</li> <br> <li>There is an increasing trend towards <strong>whole system working</strong> to escape the confines of governance systems in public services that are no longer fit for purpose</li> <br> <li>A 4% increase in NHS demand combined with just a 0.9% increase in funding is forcing local authorities to look for <strong>partnership models in health and social care</strong></li> <br> <li> <strong>While combined authorities are springing up across the country</strong> as authorities look to benefit from devolution, other CEOs view devolution as an unnecessary distraction</li> <br> <li>Climate change has taken a back seat to short-term economic priorities, but some local authorities are again starting to plan for flooding and other associated risks, following the devastating floods in 2015</li></ul><p> <strong>Speaking at the SOLACE Summit, Andrew Jepp, Managing Director, Zurich Municipal, said:</strong></p><p> <em>“We are increasingly in a situation where local authorities are worlds apart. Some are reaping massive benefits, investing in growth and seeing that work for them. At the same time, there are some saying that are likely to run out of money in the next year and a half, putting their community sustainability at risk. </em></p><p> <em>“Another key finding of this report and our conversations with CEOs is that risk avoidance has become risk taking for many councils, and that many are considering fundamental shifts in their relationship with citizens. In this unremitting financial and political environment, this is unavoidable.”</em></p>2016-10-14T14:19:48Z<h1>Verifying Access to Zurich Municipal Members Area</h1><p>At Zurich Municipal we are always striving to ensure our customers have access to the very best levels of support, with this in mind we are asking all our customers to ensure their registered internet access is up-to-date. Commencing 7th January, we will email the main contact of each customer with registered website users providing details on who within the organisation has access to what information.</p><p>Email will be sent from "Zurich Insurance plc" and have a subject heading of "Zurich Municipal Important Information".</p><p>Details of how to request changes will be in the email. If details are correct and no changes are required to the registered users, no further action will be required.</p><p>If you require any further information, please contact your Risk and Insurance Consultant or Underwriter. Alternatively, you can email</p>2015-12-16T10:47:23Z<h1>​Insurance Premium Tax changes<br></h1><p>The UK Government announced on 8 July 2015 that it would be increasing the standard rate of Insurance Premium Tax (IPT) from 6% to 9.5% with effect from 1 November 2015 for all new business, renewals and additional premiums for mid-term adjustments.</p><p>The current standard UK IPT rate of 6% is one of the lowest in the European Union (EU), and after the increase in the standard UK IPT rate to 9.5%, it will still be lower than that of many other EU member states.<br> <br>There will be a four-month concessionary period that will begin on 1 November 2015 and end on 29 February 2016, during which qualifying premiums relating to policies entered into before 1 November 2015 will continue to be liable to IPT at 6%.<br> <br>From 1 March 2016, all taxable premiums will be subject to the new standard IPT rate of 9.5% (except for certain risks that may be either exempt or subject to the higher rate of IPT), regardless of when the policy was entered into.</p><p>If you have any further questions about your policy please read our frequently asked questions below or contact your Risk and Insurance Consultant. </p><p><br></p><h2>Frequently Asked Questions</h2><p><br></p><h3>What IPT will I be charged for new business and renewals?</h3><p>All new business and renewals with an inception / renewal date on or after the 1<sup>st</sup> November 2015 will be charged at 9.5%.</p><p>New business and renewals with an inception date prior to the 1<sup>st</sup> November 2015 will be charged at 6%.</p><h3>What is the concessionary period and how does it apply?</h3><p>A concessionary period runs from 1st November 2015 until 29th February 2016. This allows insurers to write premium for policies that have incepted or renewed prior to 1st November 2015 at the old rate provided it is processed on Zurich systems by 29th February 2016. </p><p>Policies debited on 1<sup>st</sup> March 2016 or after this date will be liable for IPT at 9.5%.  </p><h3>What happens if I made a mid term adjustment on policies incepted or renewed before 1st November 2015?</h3><ul><li>Additional/return premiums processed up to and including 29th February 2016, will be subject to the 6% IPT.</li><li>Additional/return premiums processed after 29<sup>th</sup> February 2016 will be subject to the 9.5% IPT. </li></ul><p><br></p><p>If you have any further questions about your policy please contact your Risk and Insurance Consultant.<br></p>2016-03-16T17:34:10Z<h1>EBOLA Guidance</h1><p>At Zurich Municipal we have received a number of requests for information and advice on Ebola. In particular its implications in regard of policy cover.</p><p>In the first instance, please discuss with your Risk and Insurance Consultant or Underwriter, but if you would like some more technical detail, please see below.</p> <br> <h3>(1) Latest Business Travel or School Journey policies</h3><p>These are characterised by the Foreign & Commonwealth Office (F&CO) exclusion relating to Dangerous or Unsettled areas:</p><p>Excluding a journey to countries and specific areas in countries where at the time of booking or departure the Foreign and Commonwealth Office are advising against all travel or all nonessential travel.</p><p>This exclusion will not apply to charges and expenses covered under section 7 (Cancellation) where the Foreign and Commonwealth Office publishes such advice after the time of booking the journey</p> <br> <p> <strong>Places where the prevalence of Ebola has provoked a F&CO travel warning </strong></p><p>A trip booked to a territory that is, at the time of booking, subject to either level of F&CO travel warning, is excluded completely. If the advice is imposed after booking, then we will consider a pre-trip Cancellation claim but not an "in-trip" claim.</p><p>Note that the F&CO warning may apply to entire countries or, as in the case Ebola, regions in countries near or bordering those.</p><p>Requests to provide cover to these territories where, for example, the business of a ZM customer requires personnel to be directly involved in combatting the outbreak, may be referred to underwriters for special consideration. However, it should be noted that even if cover were to be agreed then normal levels of medical assistance, particularly repatriation, cannot be held to apply. </p> <br> <p> <strong>Places where cases of Ebola have been confirmed but there is no F&CO warning </strong></p><p>For trips to such locations that are not subject to F&CO warning, claims for cancellation would generally be regarded as “disinclination to travel" which appears as a specific exclusion. </p> <br> <p> <strong>Places where the F&CO issues a new warning to leave the territory after arrival</strong></p><p>This situation may be the subject of a cancellation (curtailment) claim. Specific cover for Political & Natural Disaster Evacuation costs may also apply.</p> <br> <h3>(2) Business Travel or School Journey policies not bearing the F&CO exclusion</h3><p>These following points amount to the need to refer to underwriters any proposed travel to territory affected by Ebola so that an underwriting decision may be made. </p><p>a) there is a requirement under these policies that any adverse circumstances be referred to the Insurer at the time of booking. Adverse circumstances will include proposed travel to territory where there is an Ebola outbreak, and are defined as those that are likely to result in the journey being delayed, cancelled or curtailed.</p><p>b) policies also have a condition that insured persons take all reasonable steps to prevent expense, and carry an exclusion of deliberate exposure to unnecessary danger. Travel to a known Ebola hotspot is likely to fall foul of these conditions.</p><p>c) policies also generally carry an exclusion of travel against medical advice.</p><p>If you would like to discuss any aspect of policy cover, please contact your Risk and Insurance Consultant or Underwriter.</p>2015-02-04T13:03:52Z<h1>Announcement relating to the Governments latest Whiplash Reforms</h1><p>As of the 4th August this year, Secretary of State for Justice, Chris Grayling, announced the latest stage in the Government’s reform programme designed to reduce the cost of car insurance by addressing issues associated with whiplash.</p><p>The attached <a target="_blank" href="/Assets/Lists/Anonymous%20Content/ZM/news/717338001WhiplashLoRes.pdf">Quick Reference Guide</a> pulls together all the latest information, providing you with an overview of the latest reforms and how they may affect you.</p><p>If you have any urgent questions, please do not hesitate to <a href="" title="contact us" class="tablelink">contact us</a>.</p>2015-02-04T13:03:50Z<h1>​Response to FOI Request for Information on All Risks</h1><p><strong>A number of our customers have received the following Freedom of Information Act request:-</strong></p><p>Dear Sirs</p><p>This is a request under the Freedom of Information Act 2000 which relates to insurance so should be passed to the Insurance Officer or person responsible for insurance within your organisation.</p><p>Does your organisation insure with Zurich Municipal via their Select group of policies - Yes/No</p><p>If yes, does your organisation have an All Risks - Part K policy under the select group of policies - Yes/No</p><p>This is the policy which provides wider perils cover for higher value items and where All Risks cover is needed. It would normally reside under Part K of the select policies but may the contained in another section depending on how your policies are arranged.</p><p>If the answer is no to either of the above then please discontinue with this FOI and reply as appropriate.</p><p>If you do have an All Risks - Part K (or All Risks policy under another section) then please supply a copy of this document as part of this FOI request and answer the following:</p><p>This question relates to the theft cover under the All Risks - Part K (or All Risks policy under another section) of the select policy which has no specific definition of theft within the policy itself. As such it will be necessary to seek clarification by e-mail from your insurers asking them to confirm whether:</p><p>a) Theft cover is restricted to forcible and violent entry/exit from the premises.</p><p>b) Theft cover is not restricted to forcible and violent entry/exit from the premises ie day time walk-in theft is covered.</p><p>This question should be easily answered as your insurers are duty bound under the conditions of the Financial Conduct Authority Handbook which contains fundamental obligations of all firms under the regulatory system. Item 7 refers to Communications with Clients - A firm must pay due regard to the information needs of its clients and communicate to them in a way which is clear, fair and not misleading.</p><p>The question therefore is simple and straightforward requiring a yes answer to either a) or b).</p><p>If an answer is not forthcoming from your insurers or is unclear then please select</p><p>c) No clearly understood answer provided.</p><h3>Zurich Municipal have prepared a standard response to this query. For your information, this response is detailed below:-</h3><p>Dear [customer]</p><p>Thank you for your email and for bringing this matter to our attention. </p><p>We have received the same request from a number of our customers, to which we are offering the following response. </p> <em> <p>Does your organisation insure with Zurich Municipal via their Select group of policies - Yes/No</p> <p dir="ltr">If Yes, does your organisation have an All Risks - Part K policy under the select group of policies - Yes/No</p> <strong> <p dir="ltr">If you do have an All Risks-Part K (or All Risks policy under another section) then we would have no objection to you supplying a copy of the document as part of this FOI request if you think it is necessary </p></strong></em> <p>These are questions to which you, our customer, have the power to respond. As such, we do not believe that they require input or prior agreement from Zurich Municipal. Should you require a copy of any parts of your policy wording please talk to your RIC or underwriter.</p><p>We have also considered the remaining questions, namely: </p> <em> <p>This question relates to the theft cover under the All Risks - Part K (or All Risks policy under another section) of the select policy which has no specific definition of theft within the policy itself.  As such clarification may need to be sought from insurers via e-mail on the following point:</p> <p>a) Is the theft cover restricted to forcible and violent entry/exit from the premises.</p> <p>b) Is theft not restricted to forcible and violent entry/exit from the premises.</p></em> <p>We are of the opinion that these questions do not relate to a Freedom of Information request. These are requests for advice about your policy. Whilst in an insurance services context of course we would wish to discuss your policy coverage with you should you have any queries. However we are not in a position to provide advice to a member of the public. </p><p>We trust this assists you in the matter. Please let us know if you require any further clarification. </p><p></p><h2>If you have any further queries, please contact your Underwriter or Risk and Insurance Consultant.</h2> 2015-02-04T13:03:45Z