Course program 1. Module 1. Risk and insurance 1.1. The concept of risk and the role of risk in insurance test 🔒 1.2. Risk perception and attitude to risk test 🔒 1.3. Categories of risk test 🔒 1.4. Characteristics of an insurable risk test 🔒 1.5. Components of risk test 🔒 1.6. Risk management test 🔒 1.7. Risk pooling and fair premium test 🔒 1.8. Self-insurance, co-insurance and double insurance test 🔒 1.9. Benefits of insurance test 2. Module 2. The insurance market 🔒 2.1. Structure of the insurance market test 🔒 2.2. Types of insurers test 🔒 2.3. Reinsurance test 🔒 2.4. Lloyd's and the subscription market test 🔒 2.5. Insurance intermediaries test 🔒 2.6. Distribution channels test 🔒 2.7. The internet, technology and artificial intelligence test 🔒 2.8. Key professional roles test 🔒 2.9. Main classes of general insurance test 3. Module 3. Contract and agency 🔒 3.1. Essentials of a valid contract test 🔒 3.2. Offer and acceptance test 🔒 3.3. Consideration and intention to create legal relations test 🔒 3.4. Capacity and legality of the contract test 🔒 3.5. Termination of the insurance contract test 🔒 3.6. Agency relationships test 🔒 3.7. Duties of agent and principal test 🔒 3.8. TOBA and terms of business agreements test 4. Module 4. Insurable interest 🔒 4.1. What insurable interest is test 🔒 4.2. When insurable interest arises test 🔒 4.3. Application of insurable interest test 5. Module 5. Disclosure and representation 🔒 5.1. The principle of good faith test 🔒 5.2. The duty of disclosure test 🔒 5.3. Material information test 🔒 5.4. Non-disclosure and misrepresentation test 🔒 5.5. Change in risk after the contract is concluded test 🔒 5.6. Compulsory insurance and protection of third parties test 6. Module 6. Proximate cause 🔒 6.1. The concept of proximate cause test 🔒 6.2. Insured, excluded and uninsured risks test 🔒 6.3. Practical analysis of the chain of events test 7. Module 7. Indemnity 🔒 7.2. Forms of indemnity test 🔒 7.3. Measuring indemnity test 🔒 7.4. Agreed value and first loss policies test 🔒 7.5. Sum insured and inner limits test 🔒 7.6. Underinsurance and average test 🔒 7.1. The principle of indemnity test 🔒 7.7. Deductible and limiting factors test 8. Module 8. Contribution and subrogation 🔒 8.1. Contribution: concept and conditions test 🔒 8.2. Calculating contribution test 🔒 8.3. Subrogation: concept and purpose test 🔒 8.4. How subrogation arises and is exercised test 🔒 8.5. Limitations on and waiver of subrogation test 9. Module 9. Insurance regulation 🔒 9.1. The role of the insurance market regulator test 🔒 9.2. Tools and approaches of insurance supervision test 🔒 9.3. IAIS and international insurance principles test 🔒 9.4. Capital adequacy of insurers test 🔒 9.5. Solvency and supervision test 🔒 9.6. Financial crime and insurance test 🔒 9.7. AML/CFT: basic obligations test 10. Module 10. Ethics, corporate governance and internal control 🔒 10.1. Ethical standards in insurance test 🔒 10.2. Corporate governance test 🔒 10.3. Internal control and risk management test 🔒 10.4. Compliance and internal audit test 🔒 10.5. Data protection and confidentiality test 🔒 10.6. Practical ethical dilemmas test Module 3. Contract and agency 3.6. Agency relationships 🔒 Sign in to open the lesson Sign in Registration