Introduction to the US Insurance Market Training Workshop
18 & 19 September 2024, 13:30 - 16:30 (UK)
Online Training
Two half day sessions
18 & 19 September 2024, 13:30 - 16:30 (UK)
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.
Price
- Members: £169
- Non-members: £229
Workshop Objectives
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
Who should attend?
Underwriters, brokers, adjusters, service companies and any entity planning to do business in the USA.
Trainer
Alan Jervis B.A. Hons, FCII, M.A.E.
Method of delivery
This workshop will be delivered online with a Trainer via Microsoft Teams, over two half-day sessions, on 18 & 19 September 2024, 13:30 - 16:30 (UK).
Delegates must ensure they can access the session through MS Teams.
Certificate
At the end of this course, you will receive a certificate of attendance from the Chartered Insurance Institute.
Price
- Members: £169
- Non-members: £229
How to book
To register for this course, please complete the below form:
For enquiries about this course, please email to: business.enquiries@cii.co.uk
Please note: courses are sold on a first come first serve basis, and therefore availability may change, depending on the number of bookings received. Once a course becomes full, the above date will no longer be available, and new dates will be published.
We reserve the right to postpone the above course dates, subject to a minimum number of course bookings received. Your booking will only be confirmed, once payment has been processed and you receive a booking confirmation email from the training team.
Can't attend on this date? Register your interest in other training courses and future dates.
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