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Our courses are intended for a global audience, with each one being completely customisable to suit the needs of the individuals it is being delivered to.

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Application to Insurance Principals

  • Banking and Financial Markets, Insurance
  • Duration: One day
  • Information

    This is a follow up programme to Introduction to Insurance.


    Session 1:

    • Apply the principle of Insurable Interest to case studies

    • Outline when and how Insurable Interest exists and can be amended

    • Explain the underwriting process and the importance of disclosure of material facts.

    • Distinguish between perils and physical and moral hazards applying to selected classes of insurance

    • Recall the action taken in the event of non-disclosure of material facts

    • Identify those facts that do not constitute non-disclosure if withheld

    Session 2:

    • Identify the different methods of risk identification including proposals, surveys, slips, IT systems

    • Explain in outline the purpose of the heading of the risk detail section of an MR contract placing document

    • Outline the relevance and application of quotations

    • Outline the internal and external factors that influence a premium rate

    • Accurately calculate burning rate, premiums and commission

    • State the nature and function of the documentation used in insurance including policies, endorsements and warranties and FSA required documentation

    • Explain the market exclusions applicable to policies

    • Recall the operation of policy conditions

    • Distinguish between warranties, conditions and representations

    Session 3:

    • Outline the process of settling claims including the responsibilities of the insured and the insurer

    • Identify the people and documents that are used in investigating claims

    • Explain the principle of proximate cause

    • Apply the principle of proximate cause to simple claims under a Standard ABI Fire policy

    Session 4:

    • Explain the principle of indemnity

    • Identify the factors taken into account when quantifying indemnity

    • Recall and apply the limitations to claim settlements including, Sum Insured, Average, Deductible, Co-insurance, First Loss,

    • Explain the importance of subrogation and contribution

    • Outline the ways in which contribution and subrogation arise

    • Apply the principles of contribution and subrogation to simple claims

    Course Close

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    As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.

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