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The Diploma in Insurance is a technical and supervisory qualification for insurance staff working across all sectors of the industry, and the logical progression from the Certificate in Insurance. The Diploma will provide you with a firm understanding of insurance fundamentals and will enable you to build towards advanced technical knowledge, thereby ensuring you have the means to function effectively in a challenging environment. Insurance Broking Practice (M81) unit counts towards a Diploma in Insurance, it may also count towards the Advanced Diploma in Insurance. This training program provides participants with knowledge and understanding of the wide range of technical skills required by a professional insurance broker. In addition, they will learn how to handle clients professionally.
The Diploma in Insurance is a technical and supervisory qualification for insurance staff working across all sectors of the industry, and the logical progression from the Certificate in Insurance. The Diploma will provide you with a firm understanding of insurance fundamentals and will enable you to build towards advanced technical knowledge, thereby ensuring you have the means to function effectively in a challenging environment. Insurance Broking Practice (M81) unit counts towards a Diploma in Insurance, it may also count towards the Advanced Diploma in Insurance. This training program provides participants with knowledge and understanding of the wide range of technical skills required by a professional insurance broker. In addition, they will learn how to handle clients professionally.
Insurance
+3
Sales and Marketing
Not Exist
Lecture
Case Studies +3
Lecture
Case Studies
Brainstroming
Dialogue Teams
Exercises and assignments
Pre Exam
Post Exam +1
Pre Exam
Post Exam
Simulation Test for professional exam
Sales and distribution / intermediaries
Marketing +3
Sales and distribution / intermediaries
Marketing
Customer care
Underwriting
Claims
This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
In Class Training-Online Training
Describe how the law of agency applies to insurance brokers in respect of the various roles they could undertake
Key statutory and contract law applicable to insurance brokers
The scope of the financial conduct authority (FCA) and key relevant regulatory definitions
Explain how the FCA’s objectives and principles translate into rules and guidance
The elements of the Insurance: Conduct of Business Sourcebook (ICOBS)
Importance of the fair treatment of customers and achieving positive customer outcomes
Main approach to the regulation of intermediaries in countries outside of the UK
In Class Training-Online Training
The approach to demands and needs and suitability statements
The regulatory and other information brokers disclose to clients
Explain how complaints impact on customer experience
In Class Training-Online Training
Broker's duty in the presentation of risk to insurers
Principles and objectives of good submission drafting
The duties of other parties when business is placed with a broker
Good practice in the presentation of quotation and contract information to clients
Delivery of contract certainty, key policy documentation and dealing with subjectivities
Legal duties of wholesale brokers
In Class Training-Online Training
Main factors to be taken into account when selecting insurers
The need for an insurer to be licensed to write a particular class of business in the UK
Describe the FCA's scope of service
General approach to assessing the security of an insurer
In Class Training-Online Training
General approach to the design and operation of insurance programs
Explain the detail behind complex programs
Explain the use of global markets
Operation of schemes, line slips and delegated authorities
Post placement activity and administration
In Class Training-Online Training
The duties of the broker in negotiating claims on behalf of clients and the impact of fraud
Different methods of dealing with claims
The duties of the broker in handling claim records
Duty of a broker to deal with a claim for a former client
In Class Training-Online Training
Risk transfer and the broker's role in the management process
Captive insurance company services and alternative risk transfer methods
Specialist risk consultancy services
Understand the key aspects of the regulatory and legal environment within which insurance brokers operate.
Understand the role of the insurance broker in meeting client needs.
Understand the role of the insurance broker in the negotiation and placing of insurance contracts.
Understand the role of the insurance broker in selecting insurers.
Understand the role of the insurance broker in the design and operation of insurance programs
Understand the role of the insurance broker in the claims negotiation, collection and payment process
Understand the range of services that may be available from insurance brokers and their benefit to clients.
