Serving you better: Introduction to the US Insurance Market Training Workshop
Corporate Training
This 6 hour interactive workshop is intended to introduce attendees to the American insurance market and includes:
An outline of the American Property and Casualty and Life insurance markets, lines of business, underwriting,
coverages, claims, regulatory and licensing.
Who should attend?
Underwriters, brokers, adjusters, service
companies and any entity planning to do
business in the USA.
Summary
Duration: 2 half Day
No of attendees: 12-16
Format: Online - Virtual Delivery
CPD: Recognised
Learning Outcomes
By the end of the workshop, participants will have covered:
Classes of business
Property and casualty
- Personal v commercial Life, accident and sickness
- Specialty Classes:
- Marine, aviation, energy, cyber
US Insurance Market:
- Statistics Insurers (including roles within an insurance office)
- Reinsurers Agents and intermediaries
- Market associations and groups
- Mergers and acquisitions
- Major differences between other world insurance markets
- What distinguishes the US market from the London Market?
Property and Casualty policy language
- Schedule Standard forms
- Standard exclusions
- Limits and aggregate limits
- Occurrence versus claims made
- Sanctions and financial crime
Life Insurance
- Basic principles and types of policy
Claims: Handling, investigation and settlement process
- Main players in the claims field
- Coverage and liability disputes:
- Reservation of rights
- Common terms and procedures
- Catastrophic losses
Legal and Regulatory: State and Federal
- Admitted and surplus lines
- US system of Law: Federal and State
- How is insurance regulated in the USA?
- Compliance Sanctions
Measuring the Performance of a US insurance Company - Commissions and expenses
- Technical and free reserves and other liabilities
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.