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

Decks in this class (12)

Chapter 1 - Business Nature Of The London Market
What is a subscription market,
Why an insurer might not take 100...,
Why risks might be placed partly ...
30  cards
Chapter 9 - Delegated Underwriting
What are the two main forms of co...,
Benefits of using a consortium fo...,
Benefits of using a line slip for...
23  cards
Chapter 10 - Claims Handling
Xcs is a key service for lloyd s ...,
How are experts appointed for cla...,
Types of experts used for claims ...
26  cards
Chapter 8 - Business Process
What is a quotation,
What are the legal implications o...,
Formation of contract steps
34  cards
Chapter 2C - Marine
Marine classes,
Physical damage insurance for ves...,
Cargo insurance three types
22  cards
Chapter 7 - Underwriting
Why an insurer would take less th...,
Why might other markets be used,
Electronic placing
32  cards
Chapter 2b - Aviation Classes
Physical damage to aircraft,
Drones unmanned aerial vehicle in...,
Airline liability insurance
10  cards
Chapter 6 - Insurance Intermediation
Brokers operate under the law of ...,
Three ways an agency agreement ca...,
What duties do agents have toward...
24  cards
Chapter 5 - Legal And Regulatory Requirements
Compulsory insurance what are the...,
Why some insurance is compulsory,
What does motor 3rd party cover
28  cards
Chapter 4 - Market Security
Solvency,
Solvency 2,
Three pillars of solvency 2
10  cards
Chapter 3 - Reinsurance
The four reasons why insurers buy...,
Three reasons why firms sell rein...,
What percentage of business writt...
21  cards
Chapter 2a - Non- marine Risks Written In The London Market
Non marine classes of business,
Aviation classes of business,
Marine classes of business
42  cards

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cii lm2

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