– Understand the nature and main features of risk and insurance 20.

– Know the structure and main features of the insurance market 22.

– Understand the main legal principles governing insurance contracts 42.

– Understand the main regulatory and legal principles applicable to 14 the transaction of insurance business.

– Know key.

– Understand the material circumstances relating to the insurance underwriting process.

– Understand underwriting procedures relating to the insurance underwriting process.

– Understand insurance policies in relation to the insurance underwriting process.

– Understand renewals and cancellation in relation to the insurance underwriting process.

– Understand personal insurances in relation to the insurance underwriting process.-

– Understand commercial insurances in relation to the insurance underwriting process.-

– Understand the main ‘support’ type insurance services available.-

– Understand underwriting considerations in relation to the insurance underwriting process.

– Understand the principles and practices of pricing.

– Understand pricing factors within the context of the insurance underwriting process.

– Understand managing exposure within the context of the insurance underwriting process

– Understand the general principles in the claims handling.

– Understand insurance products and associated services.

– Understand claims consideration and administration.

– Understand claims handling procedures and related claims services.

– Understand claims handling systems.

– Understand claims settlement.

– Understand how expenses are managed.

– Understand the meaning of risk

– Understand the role and purpose of risk management

– Understand the core elements of the risk management process

– Understand the different categories of risk

– Understand current trends in risk management

– Understand the position of insurance within risk management

– Understand the key risk management lessons learnt from major loss events

– Understand key influences of the regulatory and commercial environment on underwriting

– Understand key aspects of underwriting policy and practice

– Understand how statistical data is used for underwriting

– Understand the principles and practices of risk pricing

– Understand risk exposure and control

– Understand the risk and control of fire, theft and other contingencies to property and business interruption.

– Understand the cover provided by and main practices of property insurance.

– Understand the cover provided by and main practices of business interruption insurance.

– Understand the underwriting of property and business interruption insurance.

– Understand how property and business interruption insurance claims are handled.

– Understand the structure of the insurance profession

– Understand the management of insurance businesses

– Understand the main aspects of corporate governance

– Understand the role of the various functions within insurance organizations

– Understand accounting principles and practices and their application

– Understand the main characteristics of insurance company accounts

– Analyse businesses using financial ratios

– Understand the financial strength of insurance companies

– Understand the nature and sources of English law and the concept of natural legal persons

– Understand the principles of the law of torts and the characteristics of the main torts

– Understand the law of contract

– Understand the law of agency and its application to insurance

– Understand the main principles governing the formation of insurance contracts

– Understand the classification and interpretation of insurance contract terms, the effects of their breach and other vitiating factors

– Understand the main legal principles governing the making of an insurance claim

– Understand how losses are measured and how the principle of indemnity applies to insurance claims

– Understand how the principles of subrogation and contribution apply to insurance claims

– Know the purpose of, and the parties involved in, reinsurance

– Understand the different types of reinsurance

– Understand the features and operation of facultative reinsurance

– Understand the features and operation of proportional reinsurance treaties

– Understand the features and operation of non-proportional reinsurance treaties

– Understand the design and placement of reinsurance programs

– Understand legal issues relating to reinsurance

– Understand reinsurance contract wordings

– Understand the main features and characteristics of the principal reinsurance markets

– Understand the principles and practices of different classes of reinsurance business

– Overview of Engineering covers are available

– What underwriting considerations for each cover should be considered

– Where claims arise in connection with engineering covers.