The committee discusses key emerging risks and market trends relating to this highly specialised class of business. It also helps develop model wordings for bloodstock and livestock risks, ensuring they reflect modern practice, regulatory requirements and veterinary developments.
Insurers are important advocates of animal safety and welfare. The committee continues to engage with veterinary organisations and other stakeholders to ensure that animal welfare remains a top priority. The committee is currently review contractual language in model wordings relating to animal euthanasia and liaising with leading equine veterinary bodies to discuss the issues.
The committee is conducting a review of equine and livestock wordings to stay ahead of evolving regulations and emerging risks. These updates will also ensure coverage reflects technological advancements and new risk management practices, keeping policies relevant and effective in managing current and future risks.
Collaboration with the veterinary industry offers expert insight into animal health, ensuring market practitioners stay aligned with the latest veterinary practices. The committee works closely with veterinary professionals to enhance risk assessment accuracy, refine policy development and improve the effectiveness of claims management.
The committee helps to develop and issue model wordings for information and guidance across the market. To receive email notification of new wordings, please subscribe.
22 February 2024
