Principles and Practice of Insurance

Course Introduction

There are six main principles of insurance that govern a contract of insurance.  They come in to play from the moment an insurance proposal is made and continue through to claims settlements and recovery of settled claims.  Anyone who is involved in underwriting and the servicing of insurance contracts should have a good understanding of the main insurance principles, as the application of the principles decides whether an insurance policy is valid and impacts on whether an indemnity is provided by the contract.

This live interactive webinar is designed to introduce delegates to the six principles and how they are applied in everyday insurance situations.

Case studies will be used throughout to demonstrate application of the principles.

The webinar will be highly interactive with delegate participation and engagement throughout.

This webinar fits very neatly to follow the Introduction to Insurance or Introduction to The London Market Webinar.

The webinar is delivered by a Certified Online Learning Facilitator.

Course Objectives

• To understand the 6 principles of insurance and the relevance to insurance roles
• To be able to demonstrate how the Insurance Act and Consumer Insurance (Disclosure and Representations) Act impact on utmost good faith and insurance

Course Content

• Insurable Interest
• Utmost Good Faith
• CIDRA
• The Insurance Act
• Proximate Cause
• Indemnity
• Subrogation
• Contribution