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Contract Wordings Foundation Programme
This programme is aimed at those who underwrite (re)insurance, handle claims and either draft or work with policy wordings across all lines of business. This foundation programme will be suitable for people in the early stages of their career who wish to improve their knowledge of contract wordings. Ideally, delegates should have no more than five years’ experience in the Lloyd’s market and no more than two years experience in a contract wordings role.
Programme: Six half-day modules, 09.30 - 13.00
Location: LMA Presentation Room, Gallery 4, Lloyd’s, EC3M 7DQ
Download the programme brochure for more information
ABOUT THE PROGRAMME
Insurance policy wordings are the products insurers sell. They are also technical legal documents. It is essential for anyone involved in insurance to have a proper grasp of how they work.
This programme will provide delegates with a greater understanding of contract wordings, how to make sure wordings achieve your objectives and the legal and regulatory context in which wordings operate. The content is designed to be relevant across all lines of insurance business.
Over six half-day modules, delegates will be taken through the essentials of policy wordings from basic contract law through to practical drafting guidance from some of the leading experts in the London market. They will gain a greater understanding of what policy wordings mean, how they operate and best practice for drafting and agreeing wordings.
The modules are delivered by a range of expert speakers and delegates will participate in group exercises, role plays and interactive scenarios taken from ‘real life’ situations during each session.
Attendees will learn about:
- the fundamentals of contract law
- the ingredients of an insurance contract
- classification of terms and remedies for breach
- different wordings across different classes of business
- choice of law and jurisdiction
- regulation in Lloyd’s, the UK and around the world
- drafting policy wordings — dos, don’ts and practical training
- stress testing policy wordings.
This programme has been designed by Keoghs in conjunction with the LMA.
The programme will be run by Andrew Schütte and Sarah Naylor, partners at Keoghs with a range of expert guest speakers from the market.
There are 24 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 is accredited by the CII and qualifies for 21 CII CPD hours.