Description
This live webinar is designed to introduce delegates to the Insurance world. It is suitable for people in non-insurance roles and those new to the industry.
The webinar will be highly interactive with delegate participation and engagement throughout. There will be two 75 minute sessions with a break of approximately 30 minutes between each session.
The webinar is delivered by a Certified Online Learning Facilitator.
What you will learn
Course Objectives
By the end of this 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
- Discuss factors that influence the underwriting of risks
- 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
- Compulsory Insurances
- What do people/companies want to Insure?
- Functions of Insurance
- Development of the Insurance Market
- What does an underwriter do?
- What does a Broker do?
- Assessing Insurance Risk
- Methods of dealing with Risk
- Risk Management
- Key components of Risk
- Frequency and Severity
- Premiums
- The Insurance Process
- Interpreting Policy wordings
- The contract of Insurance
- Insurance Policies: Typical Policy Content
- Handling Claims
- Claims Objectives
- Claims Service is a Differentiator
- Reserving
- Industry regulation and compliance
- FCA Objectives
- The Prudential Regulation Authority (PRA)
01525 850086
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