High Net Worth Insurance - Advanced - Searchlight Insurance Training

High Net Worth Insurance – Advanced

High Net Worth Insurance is continuing to develop as an important market for business development.

In this one day interactive workshop, we will consider in some depth the special features of High Net Worth Insurance, compared with not just the standard household market but the Mid Net Worth Insurance contracts.

Level: Advanced

Duration: 1 day(s) CII CPD Hours: 6
     

WORKSHOP OBJECTIVES AND CONTENT

Consider and define the characteristics of a High Net Worth customer.

Discuss and consider how the special features of  High Net Worth policy wordings impact and amend basic insurance principles in particular Indemnity.

Understand the potential market for High Net Worth  business and its importance in relation to other classes of business.

Consider and define the additional covers that are  offered under High Net Worth contracts and be aware of the special      underwriting considerations attaching to these additional covers.

Develop an understanding of the special underwriting consideration arising from the wider and more regular features of High Net Worth Risks eg: proposer characteristics; risk location; sums insured etc…

 

Consider the special issues arising that have particular relevance to High Net Worth Insurance eg: valuables; jewellery; fine art; wines; collections etc…

Outline the considerations and concept of risk management and its application with regard to underwriting and surveys for  High Net Worth risks.

Recognise and understand the importance of professional claims handling for High Net Worth customers.

Compare High Net Worth policy covers, conditions and exclusions and spend time in study groups analysing various aspects of current contracts.