London Market Insurance Principles & Practices (LM2)

Course Code:	LM2 1102
Dates:	On a date of your choice
Venue:	Venue of your choice
Course Fees:	Available on application
CPD Credits:	6

London Market Insurance Principles and Practices (LM2) Exam Support and Revision Workshop

The LM2 London Market Principles and Practices exam forms the second stage of the new two-part 'Award in London Market Insurance' (ALMI) qualification.

(For details of our LM1 Exam Support and Revision workshop click here.)

This may well be the first professional qualification attempted by many students and following the self study syllabus, while getting to grips with a new market and a new role, can present considerable challenges.

If you are sitting the LM2 soon, this practical workshop can give you the extra support and focus required to succeed in this unit and complete 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
Classes of business written in the London Market	To understand the cover provided by the main classes of insurance and where losses and liabilities may arise	Property Liability Marine Energy Aerospace CASE STUDIES
Reinsurance	To understand the purpose and main methods of reinsurance	Facultative Treaty Proportional and Non-proportional Calculation of cessions and recoveries CASE STUDIES
Intermediation and underwriting	To understand the role of the intermediary and underwriter in the London Market	Law of agency Terms of Business Agreement Broking remuneration Lead and follow underwriters Reserving and why it is necessary CASE STUDIES
London Market Business	To understand the way that business is conducted in the market	Consequences of non-disclosure Market Reform Contract ‘Open market’ placing process Warranties, exclusions and conditions Termination of insurance contracts 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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“CTP provided us with a versatile range of training services from e based testing to technical modules and skills training for our advisers and sales management. They work quickly to satisfy deadlines and think creatively to achieve sustainable results. ”
- Ian Lockhart, Sales Operations Director, Scottish Widows
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- David Statham, Group Internal Auditor, IGI Insurance
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- Barclays Insurance Services Ltd
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- Group Compliance Manager, Clarke Roxburgh
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- Tim Sierwald, Audit Manager, Assurant Solutions
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- Karen Martin, HR and Communications Director, Britannic Assurance
“I would strongly urge senior managers in the insurance industry to attend this course which really prepares you for FSA interviews.”
- 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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