Functions of Insurance | Empower Development

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LM1 (EP2) - London Market Insurance Essentials

Before We Get Started

Welcome! (0:39)
LM1 Introduction (0:44)
Unit Structure (0:55)
Learning Outcome Mind Maps
Save The Date
LM1 2024 Updates (9:06)

Chapter 1

Introduction (0:34)
Introduction to Risk (1:26)
Risk Management (0:52)
Components of Risk (1:48)
Categories of Risk (2:01)
Additional Elements of Risk (1:16)
Functions of Insurance (1:18)
Compulsory Insurance (2:26)
Artificial Intelligence (2:43)
Environmental, Social and Governance (2:54)
Checklist
Test your knowledge
Chapter 1 - Round Up (3:43)
Chapter 1 - Audio Only

Chapter 2 - Basic Insurance Legal Principles and Terminology

Introduction (0:35)
Essentials of a Valid Contract (2:02)
Insurable Interest (2:02)
Good Faith (4:02)
Cancellation (0:58)
Proximate Cause (1:20)
Indemnity (5:29)
Contribution and Subrogation (3:16)
Sum Insured Method (1:34)
Independent Liability Method (2:01)
Snip-it Summary - Lister v. Romford Ice Cold Storage (0:37)
Berkshire Assests (1:06)
Test your knowledge
Checklist
Chapter 2 - Round Up (8:47)
Chapter 2 - Audio Only

Chapter 3

Introduction (0:35)
Marine and Aviation (4:16)
Non-Marine Insurance (2:00)
Non-Marine liabilities (2:21)
Reinsurance (2:57)
Checklist
Test your knowledge
Chapter 3 - Round Up (7:34)
Chapter 3 - Audio Only

Chapter 4

Introduction (0:25)
Insurance Cycle (2:58)
Checklist
Test your knowledge
Chapter 4 - Round Up (2:38)
Chapter 4 - Audio Only

Chapter 5

Introduction (0:40)
London Market Structure (1:37)
Lloyds Market (1:54)
Managing General Agents (MGAs) (0:52)
Market Associations (1:34)
Test your knowledge
Checklist
Chapter 5 - Round Up (6:07)
Chapter 5 - Audio Only

Chapter 6

Introduction (0:33)
The Regulators (2:27)
The Handbooks (2:35)
Overseas Regulation (1:03)
Lloyd’s Governance (1:44)
Authorisation of New Insurers, FOS and FSCS (2:28)
The FOS - An update (1:02)
Consumer Duty (3:32)
Test your knowledge
Checklist
Chapter 6 - Round Up (6:51)
Chapter 6 - Audio Only

Chapter 7

Introduction (0:40)
Sanctions and Export Controls (2:59)
Money Laundering and Bribery (3:07)
Data Protection (2:40)
Test your knowledge
Checklist
Chapter 7 - Round Up (7:29)
Chapter 7 - Audio Only

Chapter 8

Introduction (0:44)
Law of Agency (2:46)
Duties of the Parties (1:08)
Regulation and Services Provided by Intermediaries (5:42)
Test your knowledge
Checklist
Chapter 8 - Round Up (6:23)
Chapter 8 - Audio Only

Chapter 9

Introduction (0:27)
Role and Function (0:32)
Subscription Market (2:44)
Test your knowledge
Checklist
Chapter 9 - Round Up (5:02)
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 (52:23)
ACII- Completing Your Advanced Diploma - Audio Only
Taking Your Exam – What you Need to Know
ACII- Completing Your Advanced Diploma (8:09)
Accelerate your Revision (47:54)
Achieving ACII in a Virtual World (59:55)
LM1 - What You Need To Know (52:23)
Market Cycle Poster
Principles of Business Poster
Money Laundering Poster
Data Protection Poster
UK Regulatory Structure Poster
The Acts The Facts
Two Truths and a Lie
LM1 CII Exam Guide Practice Paper - Based on the 2022 syllabus examined from 1 January 2022 until 31 December 2022
LM1 CII Exam Guide Practice Paper - Based on the 2023 syllabus examined from 1st January 2023 - 31st December 2023
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