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Finance, Insurance

Foundations and Principles of Insurance

Course details

Start Date

Upcoming - find out more »

CPD Points

3.5

Cost

£215

Length

Half day (09:00-12:30)

Course Overview

This course has been developed for those new to the Guernsey insurance industry or for those wishing to refresh their understanding of basic principles, and is suitable for staff working across all sectors of the insurance industry or associated professions. You will be provided with an introductory grounding in basic insurance principles, including the regulatory environment in Guernsey as well as an introduction to the key insurance disciplines, markets and products.

Course Content

The following topics will be covered:

1. The Concept of Insurance

  • Classes of Insurance - Life & General
  • Risk & Insurance

2. The Insurance Market

  • Stakeholders
  • Structure
  • Lloyds & the London Market
  • Distribution
  • Reinsurance

3. Insurance Principles

  • Insurable interest
  • Good faith
  • Indemnity
  • Contribution

4. Legal & Regulatory

  • Mandatory insurance
  • FCA and PRA
  • Solvency
  • Business Conduct - Treating customers fairly

Course Benefits

In attending this course you will understand how insurance fits into the financial and regulatory landscape in both Guernsey and internationally. You will be able to demonstrate an understanding of the key principles and fundamentals of insurance as well as a range of insurance functions and products.

This course also provides an excellent grounding if you are considering moving on to take formal insurance qualifications. It is designed to provide a comprehensive insight for those taking the CII Certificate in Insurance and would provide an ideal revision session for those currently studying the certificate.

Assessment

Assessment is by way of an online test that you can either take in the comfort of your home or office or if you prefer, you can book to take your online test here at the GTA by clicking on the link attached PSI Online - One stop Solution for Test Takers (psiexams.com) and following the instructions below.

In the ‘Select Sponsor Name’ drop down box, select ‘All Chartered Insurance Institute Exams’ and then click ‘All Chartered Insurance Institute Candidates. Click here to schedule for Chartered Insurance Institute examinations.’ You will then be taken to the CII page on the PSI website and by clicking on the ‘Check for available dates’, you can select the exam/date/time you wish to book at the GTA (you will need to create a CII account first in order to login and book your exam).

Next Steps

If you would like to book a place on this course please click on the ‘Book Course’ button to the right of this page and login or register for a user account to complete your booking(s). Any queries please do not hesitate to contact us via [email protected] or call us on 01481 224570.

If no date is scheduled for this course at the present time please click on the ‘Register Interest’ button and login or register for a user account so that we can add you to our course interest register. This register allows us to contact our tutors and finalise dates for a course as soon as we have a few people who have expressed their interest, so the more delegates who register their interest, the sooner we can schedule a particular course.

Course Tutor

  • Ian Robinson

    Ian Robinson has recently retired as Chief Insurance Officer at Utmost following a career which saw him working in senior positions within the financial services industry for 30 years. Ian has been an active committee member of the Guernsey Association of Pension Providers for 10 years. He has a Diploma in Company Direction from the Institute of Directors and was a qualified member of the Society of Financial Advisers and member of the Chartered Institute for Securities and Investment until his retirement.

Testimonials

    The content was an excellent grounding in the insurance industry. All employees in the industry should attend no matter their role as the session will absolutely be of benefit.

    Ian is an excellent speaker. He clearly and methodically goes through all the key principles with relevant examples. His great knowledge of the industry meant that he could easily field a broad range of questions which helped flesh out the topics under discussion.

    Robbie Le Messurier

    Stayed on topic, appropriate level of information. [The GTA] was well organised and the course was prepared well by the tutor.

    Annabelle Barnes

The content was an excellent grounding in the insurance industry. All employees in the industry should attend no matter their role as the session will absolutely be of benefit.

Ian is an excellent speaker. He clearly and methodically goes through all the key principles with relevant examples. His great knowledge of the industry meant that he could easily field a broad range of questions which helped flesh out the topics under discussion.

Robbie Le Messurier

Stayed on topic, appropriate level of information. [The GTA] was well organised and the course was prepared well by the tutor.

Annabelle Barnes

Upcoming Courses

Some courses we run are scheduled based on demand. Please ensure you register your interest to ensure we know which courses you would like to attend.