Specialization
Financial lines
1 certification·3 courses·2 hrs a week over 2 weeks
Why a professional indemnity policy triggers on a letter rather than on an event; what a change of insurer opens up when the fault is old and the claim recent; and why the same error repeated two hundred times can be one loss or two hundred, depending on a clause nobody reads.
Financial lines·3 courses, about 45 min each
Who it is for
Financial lines underwriters, liability claims handlers, specialist brokers, insurance lawyers, risk managers of professional firms and service companies.
What you will be able to do
- ·Distinguish a bad outcome from professional fault, and state what a claimant must establish for the cover to be engaged.
- ·Locate the trigger of a claims-made cover, and say which date counts when the fault, its discovery and the claim fall in three different years.
- ·Identify the gap in cover a change of insurer opens, and say what closes it.
- ·Handle a claim arriving after activity has ceased, and say what stays open and for how long.
- ·Characterize a circumstance known before renewal, and say what declaring or withholding it produces on both policies concerned.
- ·Count losses where one error reaches dozens of clients, and say what the count changes for the limit and for the deductible.
- ·Draw up the list of persons a directors' policy actually insures, and spot those personally exposed without appearing on it.
- ·Distinguish the three parts of a directors' policy by their economic beneficiary, and say what is left to a director if the other two consume the limit first.
- ·Handle a claim against a director arising while the company is in insolvency proceedings, and say which dates decide the file.
- ·State on what a director's personal liability is engaged independently of the company, and what a delegation of powers moves.
- ·Read a fraud exclusion by distinguishing its trigger, its clawback of advanced costs and its severability between insureds.
- ·Compute what the order of arrival of demands leaves each insured under a shared limit, and say what would have changed the outcome at placement.
The syllabus
Which fault, and when was it committed?
6 modules · about 45 min
- 01The outcome is bad, the fault is not proved · 9 min of readingFree module
- 02The date that counts is not the date of the error · 8 min of reading
- 03The gap that opens when you change insurer · 9 min of reading
- 04The firm is closed, the claim arrives · 8 min of reading
- 05Knowing a claim is coming · 9 min of reading
- 06The same error, two hundred times · 9 min of reading
Who pays when a director faces a claim?
6 modules · about 45 min
- 01The company pays the premium and is not the insured · 8 min of reading
- 02Three letters, three payees, one limit · 7 min of reading
- 03The business has nothing left, the director's house is at stake · 8 min of reading
- 04The day it is his assets and not the company's · 8 min of reading
- 05The word fraud in a writ, and five years before a court rules · 8 min of reading
- 06Fifteen directors, one bucket · 8 min of reading
Who took the money, and who pays it back?
6 modules · about 45 min
- 01The one who takes is inside or outside, and sometimes both · 8 min of reading
- 02Six years to commit it, one day to discover it · 8 min of reading
- 03Nobody broke in, and the money left · 8 min of reading
- 04The conviction is complete, the proof is not · 8 min of reading
- 05The buyer and the supplier came to an arrangement · 8 min of reading
- 06What comes back is not entirely yours · 8 min of reading
The assessment
The certification is validated by a multiple-choice assessment, unproctored and with a public answer key. It gates delivery of the certificate at the threshold below; it does not prove knowledge under supervision.
35 questions·threshold 70 %
What this certification does not prove
This certification attests to an understanding of the cover mechanisms particular to financial lines and to professional indemnity. It attests to no underwriting experience, no professional authorization, no legal qualification, and it prepares for no regulatory examination.
Private certification issued by AlgoPolis under its sole authority. It is not registered with France Compétences, in either the RNCP or the specific register, and does not qualify for the French personal training account.