Binding Authority Management
- 6 CPD Hours
- Specialist Level
- Online or Face-to-Face Workshop
Summary
This binding authority management training workshop provides an analysis of the procedures and practices of delegated underwriting and claims authorities in relation to binding authority management.
It considers some of the problems that can arise and their solutions. The workshop is generic in nature and applies to all classes of binding authority business.
Our binding authority management training workshop is suitable for staff from underwriting, broking and claims disciplines who are involved with the operation and management of binding authorities.
Course Content
- The advantages of binding authorities and types of binding authority
- Cover holder selection considerations
- Modifications to basic principles; utmost good faith and disclosure
- What they can tell us: premium and claims bordereaux
- Claims issues and management:
- Claim funds
- Loss adjusters and lawyers
- Use and regulation of third party administrators
- Role and responsibilities of the cover holder, the broker and the underwriter
- Best practice procedures:
- Business conduct reviews
- Audit processes and issues (hot and cold inspection)
- Third party administration.
Learning Objectives
- Understand how the basic legal principles of insurance contracts apply to binding authorities.
- Be aware of the roles of the parties involved
- Understand how the market is regulated in relation to binding authorities
- Understand how claims are managed
- Be aware of best practice issues.
Ready to book?
Simply complete the booking form with your details and a member of our team will be in touch with the next available dates.
Any questions?
If you’re not quite sure if this course is suitable or are looking for further information, call our team on 0117 244 7221.