The course is designed to provide an understanding of the operation of Lloyd's within the Global Insurance Market. The course includes a brief history of Lloyd's up to the present day and the important roe it plays.
This programme will provide delegates with a foundation level of insurance and the various organisations which are part of the Lloyd’s insurance market.
- Gaining a comprehensive understanding of marine insurance
- provide you with the confidence to deal with the claims situations faced in the maritime industry
- insurance as a risk transfer mechanism
- the nature of risks which can and cannot be insured
- types of risks which are insured by Lloyd’s of London
- classes/lines of insurance transacted by Lloyd’s of London
- why Lloyd’s of London is an international insurance marketplace
- the role of the LMA as a voice for the marketplace
- the organisation of Lloyd’s and the differences between a Lloyd’s syndicate and a managing agent
- how an insurance programme is set up for a major buyer of insurance including the subscription system
- the arrangement/placing of risks into the Lloyd’s market
- regulation of the Lloyd’s insurance market
- why insurers buy reinsurance and an overview of reinsurance.
- ship owners
- operators
- managers seeking to develop their business and commercial knowledge.
- maritime and insurance personnel
- Containers terminals personnel
- Lawyers
- Shipping agencies managers
- claims handlers and underwriters
- loss prevention and risk managers