London Market Insurance Essentials (LM1)

Course Code:	LM1 1101
Dates:	On a date of your choice
Venue:	Venue of your choice
Course Fees:	Available on application
CPD Credits:	6

London Market Insurance Essentials - Exam Support & Revision Workshop

The LM1 London Market Essentials exam is the first module that students will study in qualifying for the two-part qualification Award in London Market Insurance (ALMI).

(For details of our LM2 Exam Support and Revision workshop click here.)

This is a new qualification and may well the first professional exam taken by many students. Getting to grips with a new market and a new role can be a daunting experience, and the self study nature of the exam syllabus presents additional challenges.

If you are sitting the LM1 soon, this practical workshop can give you the extra support and focus required to succeed in this unit and support your progress to the ALMI qualification.

Led by a qualified and highly experienced tutor, this course will help you structure your revision, understand the technical content and practise your exam technique. Group sizes are kept deliberately small to allow plenty of delegate / tutor interaction and support.

Attending this course will enable you to:

Develop a structured approach to revision
Break up the study material into more accessible and digestible segments
De-mystify the insurance jargon
Improve your exam technique
Practise sample questions and receive feedback
Clarify and validate your understanding with a qualified technical expert

At the end of the course you will have both a greater understanding of the subject matter and be more confident and better equipped in your exam technique.

Course Programme

Session	Aim	Content
Legal Principles	To understand insurance law basics and terminology	Contract law Insurable interest Utmost good faith Proximate cause Subrogation CASE STUDIES
Fundamental Principles of Insurance	To understand the purposes and functions of insurance	Risk transfer Risk management Categories of risk Primary and secondary functions of insurance CASE STUDIES
London Market Regulatory Environment	To understand the regulatory framework governing how the market operates	FSA Governance of the Lloyd’s Market Authorisation of new insurers FOS and FSCS CASE STUDIES
Market Structure and Participants	To understand the roles played by underwriters and brokers in the conduct of insurance	Regulation of intermediaries The role of the broker in the placing process The role of the broker in the claims process Functions of an underwriter Subscription market CASE STUDIES

Course Leader : Martin Beaman

Martin joined CTP having built a well established training business with an excellent reputation in the Lloyd’s market. He leads CTP’s work in this sector, offering a full range of technical, regulatory, risk and development programmes. He has worked within both the Company and Lloyd’s insurance market for some 23 years, covering a broad spectrum of activities with direct insurers as well as reinsurers for live underwriting entities and run-off providers in the non-marine, marine and aviation areas. This experience allows him to relate to the challenges clients face and the value that improved knowledge and skills can deliver to the business.

Martin has designed and delivered numerous technical events and led large scale projects for major players. He is skilled at understanding the needs of clients and creating bespoke training for Brokers, Underwriters and Claims specialists that helps them to progress.

Booking

If you are interested in booking this course, or if you have any questions, please call call us on 020 3170 5779.

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- Liz Cameron, Head of Direct Sales Compliance, Scottish Widows
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- Ian Lockhart, Sales Operations Director, Scottish Widows
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- David Statham, Group Internal Auditor, IGI Insurance
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- Tim Sierwald, Audit Manager, Assurant Solutions
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- Paul Williams, regional Managing Director, Folgate (Towergate)

Corporate Training Partnerships Ltd, London Office: 60 Lombard Street, London, EC3V 9EA. Tel: 0203 1705779
Milton Keynes Office: Suite 1:20, Second Floor, Norfolk House East, 499 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 2AH Tel: 01908 488170

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