Related Services notes
Understand the main ‘support’ type insurance services available: The basic features of additional ‘support’ type insurance services available withspecific reference to:- Help lines Authorised repairers Authorised suppliers Risk control/advice Uninsured loss recovery services.
Insurance Products – Commercial Insurances note
Understand commercial insurances in relation to the insurance underwriting process: a.Describe the basic features and typical policy cover of: Property insurance (Fire – FLE or FSP, Theft, Money, Glass and All Risks) Pecuniary insurance (Business Interruption, Fidelity, Legal Expenses Cyber insurance (Hardware, Software, TPL) Liability insurance (EL, PL, Pro, PI, MM, D&O, TL).
Insurance Products – Personal Insurances note
Understand personal insurances in relation to the insurance underwriting process: Describe the basic features and typical policy cover of: Motor insurance Health insurance Household insurance Travel insurance Extended warranties.
Renewals & Cancellation note
Understand renewals and cancellation in relation to the insurance underwriting process: a. The legal significance of procedures relating to renewals. b. How cancellation clauses operate. Renewals: The twofold reasons why insurers encourage renewal are: i. Statistics – If the client base remains stable, statistical information about the portfolio will be more accurate. ii. Cost – Policy renewal is a […]
Insurance Policies note
Understand insurance policies in relation to the insurance underwriting process: Introduction: The insurance policy is a very important document and is issued to formalise what the respective parties to the insurance contract have agreed. There are three things you should remember about the insurance policy: i. The policy will contain the details of the terms […]
