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Introduction to Insurance and the Lloyd's Market Foundation Programme
03 July 2019
This one-day programme is suitable for staff in the first 18 months of their career at managing agents, members’ agents or member organisations, wishing to gain a better understanding of the operation of the Lloyd’s market.
Date: 03 July 2019
Programme: One full-day session, 09.30 - 17.00
Location: LMA Presentation Room, Gallery 4, Lloyd’s, London EC3M 7DQ
Fee: £175 + VAT
ABOUT THE PROGRAMME
The Lloyd’s insurance market is over 300 years old and is unique in both its structure and the nature of the insurance provided for a broad range of risks. This one-day, foundation level programme will provide delegates with a sound level of understanding of the function of insurance and the various organisations which are part of the Lloyd’s insurance market.
The programme will also highlight the various insurances, which are transacted in the Lloyd’s market and the method by which suitable insurance are set up.
Delegates will learn about:
insurance as a risk transfer mechanism
the nature of risks which can and cannot be insured
types of risks which are insured by Lloyd’s of London
classes/lines of insurance transacted by Lloyd’s of London
why Lloyd’s of London is an international insurance marketplace
the role of the LMA as a voice for the marketplace
the organisation of Lloyd’s and the differences between a Lloyd’s syndicate and a managing agent
how an insurance programme is set up for a major buyer of insurance including the subscription system
the arrangement/placing of risks into the Lloyd’s market
regulation of the Lloyd’s insurance market
why insurers buy reinsurance and an overview of reinsurance.
This programme is run by Linda Prewett FCII, Linda Prewett Limited.
There are 15 places available on this programme. Spaces will be allocated on a first-come, first-served basis, with one place per managing agent (unless further spaces are available once the deadline has passed).
This programme qualifies for 7 CII CPD hours.