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Introduction to Insurance and the Lloyd's Market Foundation Programme
This one-day programme is suitable for individuals in the first 18 months of their career or who are new to insurance and the Lloyd’s market at managing agents, members’ agents or member organisations, wishing to gain a better understanding of the operation of the Lloyd’s market.
Programme: One full-day session, 09.30 - 17.00
Location: LMA Presentation Room, Gallery 4, Lloyd’s, London EC3M 7DQ
Fee: £250 + 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 programme will provide delegates with a foundation level of insurance and the various organisations which are part of the Lloyd’s insurance market.
The programme also highlights the various insurances, which are transacted in the Lloyd’s market and the method by which suitable insurance is set up.
By the end of the programme, delegates will have learnt 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.
There are 15 places available, with one place per managing agent.
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).
'Express interest' to receive notification by email as soon as the application process is live.
Delegates participating in the accredited Introduction to Insurance and the Lloyd’s Market programme can claim up to 7 CPD hours towards the CII/Personal Finance Society member CPD scheme.