New Association Established to Elevate Standards of Expert Reports in Insurance Claims
New Association Established to Elevate Standards of Expert Reports in Insurance Claims
0
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
The Australian construction insurance market has experienced a notable shift in 2025, with premiums decreasing across various lines due to intensified competition among insurers. According to Marsh's Construction Insurance Market Update 2025, the first half of the year saw average premium reductions ranging from 5% to 15%, marking a significant departure from the upward trend observed in 2024. - read more
Australia's construction sector continues to grapple with elevated cost pressures, prompting builders to reassess their insurance and risk management strategies. Gallagher reports that overall construction costs have increased by over 30%, influenced by supply chain disruptions, inflation, and labour shortages. - read more
The South Australian Government has taken decisive action to bolster homeowner protection in response to a surge in builder insolvencies. Effective from 1 October 2025, the maximum insurance payout for homeowners will increase from $150,000 to $250,000. This measure aims to provide greater financial security to homeowners left with incomplete or defective properties due to builder failures. - read more
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. - read more
Income protection insurance is often surrounded by the myth of being unaffordable, deterring many Australians from safeguarding their most valuable asset—their ability to earn. This introduction aims to address this misconception head on, revealing the real value that income insurance policies can provide. It is crucial to understand that the cost of such a policy pales in comparison to the potential financial hardship faced without one. - read more
Stepping into parenthood comes with a myriad of responsibilities, one of which includes securing your family's financial future. Life insurance serves as a financial cornerstone for young professionals who are navigating the complexities of family planning. Recognizing the significance of the role insurance plays can empower new parents to make informed decisions that corroborate their family's safety and well-being. - read more
Income protection insurance is a type of insurance policy that provides financial support if you're unable to work due to illness or injury. It offers a replacement income, usually up to 75% of your normal wage, helping you maintain some level of income during tough times. - read more
Income protection insurance is a crucial financial product designed to secure a portion of your income if you're unable to work due to illness or injury. This type of insurance acts as a financial safety net, ensuring that you can maintain your lifestyle and meet essential expenses while recovering. - read more
Start Here !
Apply now for your free Insurance assessment and price comparisons!
All quotes are provided free and without obligation. We respect your
privacy.
Knowledgebase
Exclusion: Specific conditions or circumstances for which the insurance policy does not provide coverage.