Technical Aspects (In-Class / Online)

This course delves into the technical aspects of insurance, providing an in-depth understanding of various types of insurance coverage, underwriting considerations, and claims procedures. Participants will explore specialized insurance products such as fire, theft, liability, and travel insurance, as well as household and motor insurance. The course also emphasizes practical knowledge of policy structures, risk assessment, and the operational intricacies of the insurance industry.

Who should attend?

This training course is intended for:

• Professionals working in insurance companies.
• Brokers and agents specializing in technical insurance products.
• Risk managers and underwriters.
• Individuals responsible for insurance procurement or management in organizations.
• Anyone interested in acquiring advanced knowledge of insurance operations and technicalities.

Learning objectives

Upon successful completion of this training course, the participants will be able to:

• Understand the technical principles and underwriting considerations for various types of insurance.
• Identify and assess risks associated with fire, theft, liability, and other insurance coverages.
• Navigate and analyze policy structures, terms, and conditions.
• Apply knowledge of claims procedures and settlement processes.
  Explore the operational and regulatory aspects of motor, household, and travel insurance.

Prerequisites

There are no prerequisites to participate in this training course.

Course Agenda

1. Introduction
   1. Background of Insurance
   2. Fire Insurance
   3. Underwriting considerations
   4. Theft Insurance
   5. All Risks Insurance
   6. Goods in Transit Insurance
   7. Money Insurance
   8. Liability Insurance
   9. Employers’ liability
   10. Public liability
   11. Products liability
   12. Professional indemnity
   13. Fidelity Guarantee Insurance
   14. Business Interruption Insurance
   15. Glass Insurance
2. Traders’ Combined Insurances
   1. Standard Cover and Optional Extras
   2. Covered Properties and Risks
   3. Underwriting Processes
   4. Surveys and Cover Notes
   5. Package Policies
3. Householders’ Insurance
   1. Buildings Insurance
   2. Coverage and liabilities
   3. Defective Premises Act 1972
   4. Extensions and Basis of Settlement
   5. Contents Insurance
   6. Definitions and Additional Covers
   7. Accidental Damage
   8. Basis of Settlement and Legal Liabilities
4. Travel Insurance
   1. Policy Coverage
   2. Luggage, Medical Expenses, and Personal Money
   3. Personal Accident and Liability
   4. Optional Extras and Exclusions
5. Chapter 5: Private Motor Insurance
   1. Road Traffic Acts and Certificates
   2. Policy Forms and Short Period Covers
   3. No Claims Bonus and Payment Options
   4. Renewal Procedures and Underwriting Factors
   5. Age, Driving Experience, and Car Type
   6. Policy Coverage
   7. Third Party Only
   8. Comprehensive
   9. Claims Procedures and Agreements
   10. Knock for Knock and Third-Party Sharing

Certificate requirements

Upon successful completion of all course requirements, participants will receive a Certificate of Completion in “Technical Aspects”