Introduction to Insurance

Providing a broad overview of insurance to those who are new to the field.

This one-day course is ideal for delegates new to the insurance profession, providing a broad overview of the insurance market and the underlying principles involved.

What is Covered

• Risk and insurance

• Terminology and fundamental principles - insurable interest, disclosure, indemnity, subrogation, contribution and proximate cause

• Main classes of business

• Policy structure

• Legal and regulatory issues

Course Outcome

• Explain the origins of insurance and why people purchase it

• Describe the factors involved in assessing and pricing a risk

• Outline the key legal principles of insurance

• Explain the structure of the UK insurance market

• Outline the structure and content of a typical policy

• Provide a summary of the current regulatory structure and future changes