OVERVIEW AND TOPICS


Participants will review some of the alternative funding options available to the large risk. Points of interest include a brief overview, the use of guaranteed cost programs vs. the following alternatives: deductibles, retrospective rating plans, self-insurance, risk retention groups, and captives. Each technique is applied to a case study throughout the class.
Lloyd’s of London is the world’s leading insurance and reinsurance marketplace. After an overview of Lloyd’s structure, role, and impact on availability of insurance in the U.S., participants will review the different ways insurance risk can come to Lloyds. This will include retail brokers, wholesale brokers, coverholders and reinsurance. They will take an in-depth look at how claims are handled and who is involved in the claims process. Participants will gain a better understanding of how Lloyd’s fits into the insurance delivery model and the benefits it provides to the insurance agent and the insured. As climate, industrial, and scientific changes rapidly disrupt the status quo, society faces risks that are more complex and unpredictable. They will learn how Lloyd’s Lab is the heart of innovation for insurance. They will learn about new insurance products and solutions fit for the needs of emerging and unusual risks and exposures.
In this session, agents will examine different cyber forms and be able to identify the differences within their insuring agreements, exclusions, and conditions. With over 170 different cyber policy forms in the marketplace, participants will gain better understanding to know which policy is best for the needs of their insureds.
In 2019, there were 15 organized cyber-criminal groups. Today, there are over 100. With the development of Ransomware-as-a-Service (RaaS), anyone can become an extortionist. This 4-hour course is designed to increase the insurance professional’s knowledge of cyber ransom attacks, the costs, and ways to protect against these attacks. After a brief history of ransomware development, the insurance professional will better understand the current exposures and ways to protect their clients and themselves. The insurance professional will examine how the attack happens and how the threat actor (TA) gets into the computer systems. They will discuss how TAs are using social engineering techniques to gain control of their computer networks and review the different stages of cyber extortion and its complexities. They will identify insuring agreements triggered in a cyber attack and discuss how to insure this rapidly growing exposure.

COURSE DETAILS


DURATION
16 Hours

PRICE
Contact for Details

FORMAT
Classroom

CE CREDIT
Varies by State

INSTRUCTION LEVEL
Master

FINAL EXAM
No Exam

EVENT LOCATION


Radisson Hotel

100 W. Michigan Avenue
Kalamazoo, MI
49007

269-343-3333

FACULTY BIO


WHO SHOULD REGISTER


REQUEST MORE INFORMATION


*
*

REQUEST MORE INFORMATION


CLICK HERE