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LM2 - London Market Insurance Principles and Practices

Before We Get Started

Welcome! (0:39)
LM2 Introduction (1:22)
Learning Outcome Mindmaps
Unit Structure (0:46)
Save The Date
LM2 - 2025 Update Overview (5:03)
' Update note on DXC/Xchanging'
LM2 - 2024 Updates (9:03)
Refer a friend

Chapter 1

Introduction (0:08)
Subscription Market (1:13)
Different Types of Companies (2:31)
Managing General Agents (MGAs) (0:52)
International Nature of the London Market (1:55)
Artificial Intelligence (2:43)
Consumer Duty (3:32)
Trainers Commentary- Governance of Lloyd's (0:51)
Checklist
Test Your Knowledge
Chapter 1 Round Up (0:52)
Chapter 1 - Audio Only

Chapter 2

Introduction (0:13)
Non-Marine Insurance (3:19)
Non-Marine-Liability (1:40)
'Other' Insurance and Motor (2:03)
Aviation Insurance (2:08)
Marine Insurance (2:06)
Portfolio Management (1:06)
Environmental, Social and Governance (2:54)
Trainers Commentary- Classes of Business (2:59)
Checklist
Test Your Knowledge
Chapter 2 Round Up (1:05)
Chapter 2 - Audio Only

Chapter 3

Introduction (0:18)
Reinsurance Market and Terminology (2:52)
Types of Reinsurance (4:18)
Reinsurance Programme Construction (1:10)
Trainers Commentary- Reinsurance (1:02)
Checklist
Test Your Knowledge
Chapter 3 Round Up (0:57)
Chapter 3 - Audio Only

Chapter 4

Introduction (0:09)
Solvency II and Risks Faced By An Insurer (2:34)
Snip-It Summary - Solvency II (3:20)
Lloyd's Chain Of Security and Rating Agencies (1:39)
Trainers Commentary- Basic Accounting Principles (1:46)
Checklist
Test Your Knowledge
Chapter 4 Round Up (1:18)
Chapter 4 - Audio Only

Chapter 5

Introduction (0:14)
Compulsory Insurance (3:28)
Legislation Relating To Insurance Contracts (1:07)
Insurance Premium Tax (0:43)
Senior Managers and Certification Regime (SM&CR) (3:24)
Checklist
Test Your Knowledge
Chapter 5 Round Up (1:01)
Chapter 5 - Audio Only

Chapter 6

Introduction (0:10)
Insurance Intermediation (1:18)
Types of Intermediaries (1:27)
Role of the Broker (2:04)
Duties of The Agent (0:54)
Terms of Business Agreements (TOBA) (1:11)
Broker Legislation (1:41)
Data Protection (2:40)
Trainers Commentary- Insurance intermediaries (1:42)
Test Your Knowledge
Checklist
Chapter 6 Round Up (1:09)
Chapter 6 - Audio Only

Chapter 7

Introduction (0:14)
Conduct of Market (2:11)
Market Cycles (1:18)
Loss and Exposure Modelling (2:11)
Premium Calculation (1:35)
Premium Calculation - Animation (1:19)
Digital Operational Resilience Act (DORA) (1:01)
Reserving and RITC (2:34)
Trainers Commentary - Loss and exposure modelling (1:58)
Checklist
Test Your Knowledge
Chapter 7 Round Up (2:19)
Chapter 7 - Audio Only

Chapter 8

Introduction (0:17)
Formation and Termination of an Insurance Contract (3:36)
Signed Lines Calculation (3:00)
Document Used In the London Market (3:29)
Key Terms and Conditions Used In Policy Wordings (2:22)
Breach of Warranty (1:11)
Methods of Conducting Business In The London Market (0:51)
Contract Certainty (0:39)
Trainers Commentary- Policy termination (1:28)
Checklist
Test Your Knowledge
Chapter 8 Round Up (0:50)
Chapter 8 - Audio Only

Chapter 9

Introduction (0:15)
Delegated Underwriting Contracts (1:43)
Binding Authorities and Coverholders (4:47)
Checklist
Test Your Knowledge
Chapter 9 Round Up (0:52)
Chapter 9 - Audio Only

Chapter 10

Introduction (0:21)
Claims Departments (1:11)
Claims Agreement (2:59)
Practical Claims Handling (1:38)
Regulation of Claims (2:29)
Test Your Knowledge
Checklist
Chapter 10 Round Up (1:41)
Chapter 10 - Audio Only
The FOS- an update (1:02)

Additional Support

Refer a friend
Accelerate Your Revision (47:54)
Accelerate Your Revision - Audio Only
Market Cycle Poster
Market Reform Contract Sections Poster
Money Laundering Poster
Contract Certainty Poster
GDPR Poster
UK Regulatory Structure Poster
ACII - Completing your advanced diploma (8:09)
ACII - Completing your advanced diploma - Audio Only
Taking Your Exam – What you Need to Know
CII Exam Guide Practice Paper 2021
LM2 - What you need to know webinar (54:48)
CII Exam Practice Paper | Based on the 2024 syllabus examined from 1 January 2024 to 31 December 2024
CII Exam Practice Paper - Based on the 2023 syllabus examined from 1 January 2023 to 31 December 2023
CII Exam Practice Paper - Based on the 2022 syllabus examined from 1 January 2022 to 31 December 2022
'I PASSED' Stamp for Social Giveaway

Future Development

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