An Introduction to the Insurance Industry

Description

This course provides an introductory overview of the principle of risk transfer and takes a look at the different types of insurance and reinsurance available, the features of insurable risk and the make-up of the Lloyd’s and International Insurance Market. The course has also been designed to introduce delegates to regulation and best practice and demystifies some of the most common acronyms and terminology.

What you will learn

• what is insurance?
• the history of insurance
• the risk transfer process and the features of an insurable risk (including insurable interest)
• reasons for compulsory insurance
• the benefits of insurance
• types of insurance available
• a breakdown of Marine & Aviation, Property & Casualty and Reinsurance products