Session 1: An overview of the insurance principles and market

10.10am – 11am BST, 25 May 2023 ‐ 50 mins

Session

Andrew will provide a review of the background and principals of insurance and how they underpin all policies to give a fundamental understanding including:

• Insurable interest
• Indemnity
• Sum insured/average
• Insurable risk
• Utmost good faith
• Duty of disclosure
• Contribution
• Subrogation
• Proximate cause.

Coupled with an insight into how the insurance market operates and the key parties within.