Introduction to property insurance

What topics are covered by the course?

This course provides a comprehensive introduction to the main classes of property insurance.

Different elements of the programme - fire insurance, business interruption or other property classes - can be selected as required.


Module one - Fire insurance (one day):-
The principles of:
- Utmost good faith.
- Insurable interest.
- Indemnity.
- Proximate cause.
- Subrogation and contribution.
Modern wordings of the fire policy.
Rating basis for combinations of cover and perils.
Assess EML/PML factors and retention levels.
Risk sharing agreements.
Special policy wordings and extensions to cover.
Case studies.

Module two - Business interruption insurance (one day):-
The standard profits policy wording.
Basic accounts.
Methods of arriving at the sum assured.
Indemnity period - demonstration loss settlement.
Examination of special covers in current use.

Module three - Other property classes (one day):-
Theft insurance:
- Policy wordings.
- Underwriting principles and practice.
Money insurance.
Glass insurance.
Deterioration of stock insurance.

Who should attend?

Anyone who needs an introduction to the main classes of property insurance.

What will I be able to do on completion?

Gain foundation knowledge of all the main property insurance classes.

How will I be assessed?

Not applicable

Follow-on course:
Intermediate fire and business interruption.

CPD hours:
Attendance of this course awards up to 18 CPD hours where you consider it relevant to your professional
development needs.

Category: Classes / Courses | Professional Training | Classes, Courses & Workshops.

Venue Details: CII Face-to-Face Training, Fountain House, 130 Fenchurch Street, 11th Floor, London EC3M 5DJ, United Kingdom.

Guide Price: CII non-member: GBP 675, CII member: GBP 570.

Delivery: Other
Category: Finance & Investment »
Duration: On 10th - 12th October, 2016 at 9:30 am - 4:30 pm.

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