About this course
This course is designed to introduce delegates to the Insurance world. It is suitable for people in non-insurance roles and those new to the industry.
Limited to 10 delegates
What you will learn
Course Objectives
At the end of the course delegates will be able to:
- Explain what insurance is and the implications for individuals and businesses
- Recognise the benefits of insurance to the UK
- Describe the London and International insurance market
- Discuss factors that influence the underwriting of risks
- Describe the factors involved in assessing and pricing risk.
- Outline the key legal principles of insurance.
- Describe typical policy structure and the importance of policy wordings
- Explain how the industry is regulated by the FCA and PRA
Course Content
- Why individuals and organisations purchase insurance
- Insurance needs of people and organisations
- The London & International Insurance Market
- Types of insurers
- Captives, Mutuals & Takaful
- Lloyd’s and the subscription market
- Third parties and intermediaries
- Assessing Insurance Risk
- Identifying risk hazards
- Basic Insurance Principles:
- Insurable interest and its importance.
- Utmost good faith/Fair Presentation of Risk and its application.
- Principles of proximate cause, indemnity, subrogation, and contribution.
- Interpreting Policy wordings
- Industry regulation and compliance
Recent reviews
Really loved, chunked up in manageable amounts - Sarah really engaging and informative also.
Will C06 Mar 24
The session was very interactive and probably got the best trainer ever. Really enjoyed it and got to learn a lot.
Tanya K06 Mar 24
I’ve enjoyed the interactive course. And it’s helpful to illustrate with so many examples. Thanks again Sarah!
Tiara A06 Mar 24