LSC23
Lloyd’s Demystified: Understanding the World's Leading Insurance Market
This short course is suitable for insurance professionals who wish to learn more about Lloyd’s. Perhaps you’ve heard of it but don’t understand what it does; perhaps you’re looking for your next career move.
If you’re curious about how Lloyd’s contributes to insurance or how you could contribute to Lloyd’s, you’re in the right place.
What you'll learn
By the end of this course, learners will be able to:
- describe Lloyd’s market structure and its participants
- identify their place and the relevance of their role in the Lloyd’s community
- outline how Lloyd’s functions in, and brings value to, the global insurance market
- understand Lloyd’s governance and financial security responsibilities and their importance.
This short course comprises four modules and one interactive simulation assessment.
You will earn 2 CIP points (if applicable) and achieve a certificate of completion.
Topics Covered
Module 1: Lloyd’s: Past, present, future
Explores Lloyd’s history, what it does now and where it is headed
Module 2: Who’s Who at Lloyd’s
Explores Lloyd’s market structure and the different participants, including Managing Agents and coverholders
Module 3: Lloyd’s around the world
Explores Lloyd’s global reach, how its rights to write insurance and reinsurance can differ in a single country, and how to find out when local laws apply and what they are
Module 4: Lloyd's Oversight and Governance
Explores Lloyd’s role in market oversight and its governance and financial security responsibilities, including the Chain of Security and financial ratings
Assessment
1 Interactive Simulation