and
uncertainty in any change. The customer assesses the meaning for his own business, records that judgement and explains the actions arising. He records what would need to change for the action to be changed. Compliance with solvency 2 pillar 2 assured and business plan confirmed or reviewed.
Independence means there is no vested interests protocol to go through before the information is made available to you and no targeting of the information. All subscribers get the same information at the same time, without fear or favour. None-subscribers find out after subscribers have acted.
To remain independent, some clear thinking is needed on orthodoxies, sensationalism, expert witness work, regulation and tied services.
Of course, expertise tends to generate orthodoxies such as from toxicology: the greater the dose the greater the risk, but we don’t accept orthodoxies at face value. Except one: The common law provides a set of orthodoxies within which liability insurance is supposed to operate. We aim to adopt those orthodoxies.
Sensationalism does have a role in decision-making, it challenges orthodoxy and can provide the impetus for change. We recognise that but don’t employ sensationalism ourselves.
The law also relies heavily on the evidence of expert witnesses. The Radar project must retain the freedom to criticise the evidence presented in court by experts. We have always declined the opportunity to present as experts because this inevitably leads to the need to defend an orthodoxy.
It would be very tempting to be involved with the regulatory agencies and with the political lobby work of insurance trade bodies. It is essential that the Radar project be kept separate from these lest it become used as a tool for regulatory and political purposes.
Many service providers sell advertising space, work hand in hand with Brokers selling better deals and new wordings, aim to sell case management services, legal services and political influence. We are independent of tied services.