Introduction
The Diploma in Insurance is a technical and supervisory qualification providing a foundation in the essentials of insurance. It is a modular qualification and to achieve it delegates must pass the following compulsory units:
P01 Insurance practice and regulation
P04 Business practice
P05 Insurance law
The Diploma has been designed to assist compliance with regulatory training and competence requirements. This one day workshop is suitable for those seeking an objective measurement of technical awareness and understanding. It would be of particular interest to those intending to take the examinations. The CII states the Diploma to be designed for:
• insurance technicians and those who aspire to be technicians
• supervisors, team leaders and those with long-term ambitions of assuming managerial responsibilities
• anyone wishing to hold a recognised, respected insurance qualification
• insurance staff in support functions wishing to develop their knowledge of the business
• those wanting to develop their knowledge and understanding as part of a progression towards completion of the Advanced Diploma in Insurance qualification.
Membership requirements, exemptions, accreditation of prior learning, purchase of course material, examination entry process are matters that must be addressed with the CII prior to completing any examinations.
Workshop Objectives
The workshop will cover the content of the three core subjects and prepare delegates for their examinations. Delegates who successfully complete this workshop will be able to:
• demonstrate knowledge of insurance practice, legislation and key technical aspects
• show their knowledge of personal lines product families, classes of commercial insurance and specialisms such as aviation, marine and the North American market
Workshop Content
P01 Insurance Practice and Regulation
• Insurance Coverage
• The General Structure of the Insurance Market
• Arranging Insurance
• Underwriting Insurance
• Risk Sharing and Spreading
• Features of Claims Procedures
• Legal and Regulatory Considerations
• Consumer Protection
P04 Business Practice
• Business
• Management
• Regulation and Corporate Governance
• Financial Accounting
• Management Accounting
• Marketing, Advertising and Public Relations
• Human Resources
P05 Insurance Law
• The Nature and Sources of Law
• Legal Personality
• The Law of Tort
• The Law of Contract
• General Principles Governing Insurance Contracts
• Void and Illegal Insurances
• Insurance Claims
• Subrogation and Contribution
• Agency
Quiz
Test style questions but in teams and/or a written quiz
Duration: 1 day(s).