Technical Insurance Knowledge and Skills

Motor Fleet Insurance - Introduction (BROKER ACADEMY)

Workshop Objectives

Delegates who successfully complete this workshop will be able to:

• demonstrate an awareness of Motor Fleet insurance and why separate insurance may be needed

• describe the various methods insurers use to price Motor Fleet risks

• outline the structure and usual content of Motor Fleet policy wordings

• show an awareness of the information underwriters usually require to consider risks and likely undesirable or unacceptable risks

• describe the various Motor Fleet risk management tools available

Workshop Content

• What is a Motor Fleet?

• The Advantages and Disadvantages of Motor Fleets to Insurers and Customers

• Legislation affecting Motor Insurance in General and Motor Fleets Specifically

• Typical Policy Cover, Stressing the Differences with Commercial Motor Insurance

• Unacceptable and Undesirable Risks for Commercial Motor Insurance and especially Motor Fleet Business

• Pricing Methods, including Discounted Book Rates, Formula Rating and Burning Costs

• Overview of Risk Management, with Particular Reference to Motor Fleet Surveys, Driving Training and the use of Excesses

• Outline of the Claims Handling Process, Highlighting Differences from Other Classes of Motor Insurance

Duration: 1 day(s).  Level: Introduction

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