PRESIDENT’S ADVICE

Press, Volume CI, Issue 29830, 24 May 1962, Page 6

PRESIDENT’S ADVICE

Need To Inform Public

To provide a full service to the public, greater emphasis must be placed on a thorough knowledge of insurance rather than on the ability to sell by sheer personality as often was the case in the past, said Mr H. R. Hicks in his presidential address to the annual conference of the Insurance Institute of New Zealand in Christchurch yesterday. Mr Hicks said that in this day of almost universal insurance there was a great responsibility to ensure that clients were fully and properly advised “Insurance people do themselves and the profession generally a great disservice if they do not fully inform a client of the many and varied insurance contracts available. Once the full facts have been placed before the client it is then up to him to accept the advice given in full, or in part, or to reject it entirely.” he said. Mr Hicks saio that insurance had to keep abreast of modern development and even anticipate future developments Both in Britain and America special committees were appointed several years ago to consider the hazards arising from the generation of atomic power. These reports had formed the basis for this new factor in modern life, particularly in the field of public liability insurance.