The UK Insurance Market

• 30 Minutes
• For all staff
• UK

The UK has the most diversified insurance market in the world, and firms within it are expected to deliver good outcomes for retail clients. This 30-minute course explains the evolution and structure of that market, describes the types of insurer and insurance intermediary operating in it, and explains how Lloyd's of London works alongside the company market.

New entrants to insurance often learn one firm's processes without ever seeing how the market fits together, which limits their judgement when a risk moves outside the usual channel. Understanding who carries which role clarifies where responsibility and remuneration actually sit. It also supports the competence expectations that apply across regulated insurance activity.