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London Markets 1

This class was created by Brainscape user george stannard. Visit their profile to learn more about the creator.

By: george stannard
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Decks in this class (9)

CHAPTER 1: Fundamental Principals of Insurance
How can insurance be defined,
What is risk management,
What are the definitions of risk
44  cards
CHAPTER 2: Basic Insurance Legal Principles and Terminology
What is contract law,
What are the essentials of a vali...,
What is consensus ad idem
83  cards
CHAPTER 3: Main Classes of Business
What are honour policies,
Name some types of marine insurance,
What is yacht insurance
79  cards
CHAPTER 4: The Insurance Cycle
What is meant by supply and demand,
What is meant by the term equilib...,
What are the tools to manage supp...
16  cards
CHAPTER 5: Structure of the London Market
What is lloyds,
What is lloyds of london,
What did the lloyds act 1982 bring
38  cards
CHAPTER 6: Legal and Regulatory Environment
What regulatory bodies were creat...,
Who are the fca and what do they do,
Who are the pra and what do they do
56  cards
CHAPTER 7: Regulatory Processes, systems and controls
How can insurers get regulatory i...,
What do regulators require to sho...,
What does lloyd s use for interpr...
44  cards
CHAPTER 8: Role of a Broker
Define the terms principal agent ...,
In law what is the name of someon...,
What are the three methods of cre...
27  cards
CHAPTER 9: Underwriters
In simple terms what is the role ...,
Why are they called an underwriter,
What are the main functions of an...
7  cards

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London Markets 1

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