A Guide to Understanding Policy Wordings

Thursday, 08 August 2024
10:00 am – 11:00 am (UK time)
    • David Hole ACII, Technical Trainer, Nick Thomas & Associates

Webinar Overview

Recent litigation has demonstrated the importance of understanding the policy contract wording. This webinar explains how policy wordings are constructed and may be interpreted

Learning Objectives

  • To provide knowledge and understanding of basic policy wordings for general insurance business
  • Know how to apply knowledge of principles concerning the operation of policy conditions affecting claims for general insurance business

Content and Learning

  • Why understanding policy wordings matters
  • The structure, functions, and contents of an insurance contract, including the schedule
  • Contract certainty
  • Policy wording conventions
  • The legal background and the law governing policy wordings in UK
  • The meanings of warranties, conditions, representations, and exclusions

Speaker Bio

David is an experienced insurance professional with a career spanning 39 years; he has enjoyed wide exposure in the London Insurance Market and elsewhere resulting from his industry-specific training activity.

David is a part-time complaint manager for a Lloyd’s coverholder, as well as a subject matter expert for the Chartered Insurance Institute, authoring and updating modules for the CII computer-based training programme, Broker Assess. His experience includes Head of Claims at Plum Underwriting Ltd, where he was responsible for managing the relationship between insurers and claims third party administrators, handling larger claims received via technical referral processes.

David has been delivering technical insurance training for over 20 years, to a variety of different industry customers in the UK and abroad and provides examination support for clients undertaking CII studies to achieve industry recognised designations. He provides training on many general insurance classes up to at least intermediate level to include motor trade insurance, cyber, marine cargo, commercial property, business interruption, liabilities, construction, engineering, and trade credit. He also delivers more generic underwriting and claims training.