General Insurance

Duration

12,00 hours(s)

Language(s) of service

Next session

Who is organizing this training?

Fondation créée en 2015 par la Chambre de Commerce et l’Association des Banques et Banquiers Luxembourg (ABBL), la House of Training est un organisme agréé de formation professionnelle continue qui s'engage à contribuer activement à la compétitivité et à l'attractivité du Luxembourg en développant les compétences de ceux qui font vivre son économie.

Goals

Acquire an overall understanding of the legislation governing insurance contracts
Become familiar with basic technical and legal insurance terminology
Identify the various stakeholders involved in the insurance sector
Understand how risk is shared and distributed
Gain knowledge of insurance intermediaries
Understand the rights and duties of insurance intermediaries
Obtain an overview of insurance-related taxation
Master the benefits and conditions for the deductibility of certain insurance premiums
Know and understand the basic mechanisms of social security
Master and understand the different stages of claim settlement

Insurance Contract Law
Personal Insurance
- Basic Principles
- Definitions
- Elements of an Insurance Transaction
- Technical Fundamentals of Insurance
- Classification of Insurance Lines
- Supervision of Insurance Companies
Insurance Intermediation
- Legal Concepts
- Prior Authorization
Insurance Agent
- Insurance Agency
- Brokers, Sub-brokers, and Brokerage Firms
- Intermediaries Not Subject to Prior Authorization
- Register of Intermediaries
- Incompatibility Between Agent and Broker
- Obligations of Insurance Intermediaries
- Rights of Insurance Intermediaries
- Professional Ethics
- Agency Accounting
- Supervision of Intermediaries
- Affiliation to Social Security
- Exemption
- Contribution Base

Additional information

This training provides participants with the essential foundations to work effectively in the insurance sector. It enables them to understand how contracts operate, risk management, the role of the various stakeholders, and the key stages in handling a claim. Participants will develop an operational perspective that allows them to make informed decisions and optimize their professional practices on a daily basis.