Open Course - Webinar

London Market Essentials (LM1) Revision Workshop

This course provides the examination candidate with the opportunity to assess their learning in advance of taking the examination. The course is filled with a variety of exercises that enable delegates to cement their learning of the subject and enhance their chances of passing the examination. The aim of the workshop is not just to enable delegates to pass but also to enhance their working knowledge of the London Market environment.

Trainer:
Ed Gooda

Duration:
6 hours
Method of delivery:
Zoom
Max delegates:
10

Individual delegate price:
£220 + VAT

About the course

This course provides the examination candidate with the opportunity to assess their learning in advance of taking the examination.  The course is filled with a variety of exercises that enable delegates to cement their learning of the subject and enhance their chances of passing the examination.  The aim of the workshop is not just to enable delegates to pass but also to enhance their working knowledge of the London Market environment.

There will be a maximum of 10 delegates.

Who should attend?

  • Examination candidates actively preparing for the LM1 exam, particularly those nearing the end of their studies.
  • Individuals seeking to strengthen their practical understanding of London Market insurance operations.

Course Content

  • Day 1: Terminology used within the general insurance market
    • Basic Insurance Principles
      • Good Faith, Proximate Cause, Indemnity, Contribution, Subrogation
    • Insurance Fundamentals
      • Risk and the categories of risk, Pooling, Peril vs. Hazard, Moral/Physical Hazard
      • Insurable/Uninsurable Risks, Purpose, primary and secondary functions, Claims Process
    • London Market Insurance Classes
      • Overview and Key Features
    • The Insurance Cycle
      • Stages and Explanation
    • Reinsurance
      • Purpose and Key Terminology
    • Day 2: Market Structure, Systems and Controls, Regulatory Environment, and Professional Roles
      • London Market Structure
        • Participants, Importance, Associations, Transactions
      • Regulatory and Legal Environment
        • The role, aims and approach of domestic and international regulators, licencing, Lloyd’s Governance, Ombudsman, FSCS
        • Regulatory Powers, Valid Contracts
      • Systems, Controls, and Compliance
        • Sanctions, Legislation Compliance
      • Data Protection and Money Laundering
        • Principles and Requirements
      • Broker’s Role
        • Responsibilities, Broking Process, Premiums, Claims
      • Underwriter’s Role
        • Responsibilities, Lead and Following Roles

It is important to remember that time constraints prevent an exhaustive study of the full syllabus and delegates should ensure that they are familiar with the whole text and not just those subjects covered in the sessions.

 

Course registration form

Register

Open Dates
No dates listed? Contact us, and we'll schedule one for you
Course times are in United Kingdom local time; please adjust for your local time zone if accessing the webinar from outside the United Kingdom.

Delegates

Please let us know how you would like us to contact you below:
Privacy consent
Please read our privacy policy
Scroll to Top