VIRTUAL: fastTrack - Insurance Purpose, Principles and Practice

Register here for this live-streamed session.

The presentation will be divided into three parts as follows:

Part 1: Insurance Purpose

• This section will cover the history of Lloyd’s of London to illustrate how and why the modern insurance industry was founded.

Part 2: Insurance Principles

• This section will summarise the key principles of insurance: insurable interest, indemnity, contribution, subrogation, and proximate cause.

Part 3: Insurance in Practice

This section will outline the practicalities of commercial insurance today including:

• The types of insurance purchased including claims examples to illustrate the importance of these coverages

• How multinational insurance programmes are structured

• The different vehicles for transferring risk

By the end of the session, you will be able to:

• Explain how and why the modern insurance industry was founded.

• Cite the key principles of insurance

• State the types of insurance that companies purchase

• Outline how multinational programmes are structured

• Cite different vehicles for transferring risk

Speakers: 

Sarah Gerken, Global Client Leader, Large and Complex Risks at Howden Group

Adam Reed, Managing Director, Large and Complex Risks at Howden Group