Technical Insurance Knowledge and Skills

Introduction to Insurance (BROKER ACADEMY)

Workshop Objectives

Delegates who successfully complete this workshop will be able to:

• explain the origins of insurance and why people purchase it

• describe the factors involved in assessing risk

• outline the legal principles of insurance

• identify where and how to apply these principles in their every day roles

• explain the structure of the UK insurance market and the different sectors within it

• outline usual terminology, typical policy content and construction and the factors involved in risk assessment and pricing

Workshop Content

• Why do People Insure?

• The Development of Insurance and the Insurance Market

• How the insurance Process Works

• Insurable Interest and why it is Important

• Utmost Good Faith and Application of its principles

• Proposal Forms and Statements of Fact

• The Principles of Proximate Cause, Indemnity, Subrogation and Contribution and their Importance

• What Insurance Policies Typically Contain and Why

• The Principles of Claims Handling

• The Different Types of Organisations Within the Insurance Industry

• How Insurance is Regulated

Duration: 1 day(s).  Level: Introduction

• Essentials of Management
• Open Training Workshops
• FAQs
• Links
• Legals