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VIRTUAL: fastTrack - Insurance Purpose, Principles and Practice

24th February 2023 10:00 – 11:00

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