Functions of Insurance | Empower Development

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LM1 Audio Only - London Market Insurance Essentials

Before We Get Started

Welcome!
Unit Structure (0:55)
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Chapter 1

Introduction
Introduction to Risk
Risk Management
Components of Risk
Categories of Risk
Additional Elements of Risk
Functions of Insurance
Compulsory Insurance
Chapter 1 - Round Up
Chapter 1 - Audio Only

Chapter 2 - Basic Insurance Legal Principles and Terminology

Introduction
Essentials of a Valid Contract
Insurable Interest
Good Faith
Cancellation
Proximate Cause
Indemnity
Contribution and Subrogation
Sum Insured Method
Independent Liability Method
Snip-it Summary - Lister v. Romford Ice Cold Storage
Chapter 2 - Round Up
Chapter 2 - Audio Only

Chapter 3

Introduction
Marine and Aviation
Non-Marine Insurance
Non-Marine liabilities
Reinsurance
Chapter 3 - Round Up
Chapter 3 - Audio Only

Chapter 4

Introduction
Insurance Cycle
Chapter 4 - Round Up
Chapter 4 - Audio Only

Chapter 5

Introduction
London Market Structure
Lloyds Market
Managing General Agents (MGAs)
Market Associations
Chapter 5 - Round Up
Chapter 5 - Audio Only

Chapter 6

Introduction
The Regulators
The Handbooks
Overseas Regulation
Lloyd’s Governance
Authorisation of New Insurers, FOS and FSCS
The FOS- An Update
Consumer Duty
Chapter 6 - Round Up
Chapter 6 - Audio Only

Chapter 7

Introduction
Sanctions and Export Controls
Data Protection
Money Laundering and Bribery
Data Protection
Chapter 7 - Round Up
Chapter 7 - Audio Only

Chapter 8

Introduction
Law of Agency
Duties of the Parties
Regulation and Services Provided by Intermediaries
Chapter 8 - Round Up
Chapter 8 - Audio Only

Chapter 9

Introduction
Role and Function
Subscription Market
Chapter 9 - Round Up
Chapter 9 - Audio Only

Additional Support

Accelerate your Revision - Audio Only
Achieving ACII in a Virtual World - Audio Only
LM1 - What You Need To Know Audio Only
ACII- Completing Your Advanced Diploma - Audio Only
Taking Your Exam – What you Need to Know

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