fr
en
Insurance Fundamentals
Your initial insurance discussions become more relevant when you understand how policies work. Connect insurance mechanisms with their legal implications to analyse cover, explain commitments and identify coverage limits. Make your advice and case management more reliable.
- Duration
- 3 days 21 hours
- Code
- FMA21FR Code
Presentation
Understanding the insurance market starts with identifying its participants and the different activities they carry out. To gain a clear picture of the sector, you also need to understand its legal principles and main insurance mechanisms, from taking out a policy to terminating it, including the rules for paying premiums and, crucially, the principal insurance risks.
Objectives
This course will enable participants to:
- Discover, learn and understand the general principles of insurance.
- Identify the different participants and their roles.
- Identify types of policies, how they work and how they are managed.
- Understand and manage the relationship with the insurer.
Program
The structure of the insurance system
- The economic and social role of insurance.
- Risk classification.
- Property insurance.
- Liability insurance.
- Personal insurance.
- Managing insurance premiums.
- Risk management techniques.
- Classification by calculation and payment method.
- The main participants.
- General insurance agents.
- Brokers.
- Insurance companies.
- Mutual insurers.
How insurance contracts work
The contract
- Definition.
- The characteristics of a validly formed contract: consent, capacity, existence and cause.
- Characteristics: aleatory, consensual, good faith, adhesion and others.
- Bilateral.
- With successive performance.
- For consideration.
How insurance contracts work (continued)
- Risk.
- Definition.
- The insured and insurer in relation to risk.
- The characteristics of insurability.
- Portfolio balance and risk offsetting.
- Risk selection.
- The limits of capacity and risk pooling.
- Concluding the contract.
- The main participants.
- The insurance proposal.
- The certificate.
- The cover note.
- The contract itself.
- Practical implementation.
- General terms and specific terms.
- Changes in contractual relationships.
- The cover note.
- Renegotiating premiums.
- Reporting changes in risk during the policy term.
- Terminating the contract.
- The claim.
- Definition.
- The insured's obligations.
- The insured's declaration.
- Protective measures.
- The insurer's obligations.
- Compensating the customer.
- The claims handler's role.
Different insurance policies and their specific features
- Policies covering property and liability (IARD).
- Motor insurance.
- Home insurance.
- Healthcare expense insurance (mutual cover).
- Civil liability insurance.
- Policies covering individuals.
- Personal protection insurance.
- Life and retirement insurance.
Audience
This course is intended for:
- Legal department managers and their staff.
- Insurance department staff.
- Risk managers and anyone involved in purchasing or managing insurance contracts.
Prerequisites
This course has no prerequisites.
Teaching and assessment methods
- Initial skills assessment
- Training materials provided to participants
- Continuous assessment throughout the course
- End-of-course feedback questionnaire
- Combination of theory and practical application
- Attendance records
- Post-course follow-up evaluation
Dates and sessions
Choose the date and delivery format that suit you.
No upcoming sessions are currently available.