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London Market Insurance Principles and Practices (LM2) builds on foundational knowledge to provide a deeper understanding of how insurance operates across the London Market. The course explores the market's global appeal, the range of risks covered (including reinsurance), and the regulatory environment affecting insurers and intermediaries. It also examines key business processes in detail, including underwriting, documentation, premium setting, exposure modelling, delegation of authority, and the claims process, offering a comprehensive view of how the market functions in practice.
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