An Introduction to insurance and the London Insurance market
This interactive course is designed to develop knowledge and skills in this specialist topic. The duration of each course is typically one day, but this can be tailored to the needs of your group.The workshop will provide an insight into insurance and the insurance market, including a brief history, an overview of the market place, the role of the participants, its processes and procedures. The workshop will contain a range of exercises and games to explain and help the participants understand insurance and the insurance market.
Who should attend?
Ideal for any new entrant to insurance and the Lloyd's syndicate, broker, insurer, reinsurer, accountant or loss adjuster, to enable them to understand the London market and current market practice.
Summary
Duration: 1 day
No of attendees: 12-16
Format: Online - Virtual delivery
CPD: Recognised
Topics Covered
The course takes a practical and thought provoking look at:
- The basic principles of insurance: terminology, policy structure and the key forms of insurance
- Reinsurance and its purpose
- The development of the London market
- The who, what and why of Lloyd's
- The role of the broker including ethical consideration
- The international nature of London - current issues and trends in the London market
Learning outcomes
By the end of the course the delegates will be able to:
- Explain the purpose and benefits of insurance
- Outline the key principles of insurance
- Identify the types of insurance and reinsurance
- Explain the role of the Insurance market participants
- Describe the strengths of Lloyd’s and the London market
- Describe the placing and claims processes in Lloyd’s and the insurance market
- Outline planned and possible future developments within the insurance market
To discuss this course or your learning needs
Your CII Relationship Manager would be delighted to explore your learning needs and can draw on the expertise within the CII Learning Solutions team to support you further.
Please speak with your Relationship manager in the first instance or contact business.enquiries@cii.co.uk for more information.