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Introduction to Lloyd’s and the London Market

Learning at Lloyd's

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Lloyd’s is an international insurance marketplace

The insurance and reinsurance transacted at Lloyd’s is primarily for large, specialist risks which most insurers elsewhere in the world are unable or unwilling to cover.

This virtual half day, foundation level programme will provide delegates with a sound level of understanding of the function of insurance and an overview of the various organisations which are part of the Lloyd’s insurance market.

The programme will also highlight the various lines (classes) of business which are transacted in the Lloyd’s market and the methods by which suitable insurances are set up. 

Delegates will learn about: 

  • Insurance terminology and overview of how insurers make profit
  • The London Insurance and Reinsurance Market – the Company Market and the Lloyd’s Market – what are the differences?
  • The Lloyd’s market – the role of syndicates, managing agents and members’ agents
  • Focus on the types of risk transacted in the London market
  • What is reinsurance and how does it work
  • The placing of risk at Lloyd's, the subscription system and the role of lead and follow market underwriters
  • The role of the (re)insurance broker and the legal responsibilities of (re)insurance brokers


Audience

Our offering is available to employees of companies that are within the Lloyd’s & London insurance market (Brokers / Coverholders / Companies such as TPAs which are registered at Lloyd’s).

Please check on the Lloyd’s Directory

Are you from a Managing Agent?

If you are employed by a Managing Agent, the LMA focuses on technical education for Lloyd’s managing agents and the LMA offers this training as a 2-hour live virtual session with the same facilitator. The content is largely the same and attendance is £80+VAT.

Please can you contact the LMA to check dates and availability.

Alternatively, you can view this information via the LMA Virtual Academy (log-in required) and search using the event title ‘Introduction to Lloyd’s and the London Insurance Marketplace’.

Apply@lmalloyds.com LMA Virtual Academy

Workshop outline

In this workshop you will learn:

  • The types of risk which can be insured and those risks which are uninsurable in traditional insurance and reinsurance markets
  • What Lloyd’s insures– from cruise ships to celebrity body parts, from airlines to antiques
  • How insurance and reinsurance risks at arranged at Lloyd’s – the roles of syndicates and managing agents
  • The role of insurance brokers – the client/broker relationship and the services a broker offers to its clients
  • The process of insurance underwriting – how risks are assessed, the documents used to place risks
  • Alternatives to the traditional ‘face to face’ placing of risk and how these arrangements operate


Upcoming workshops in 2025

DateTime (UK GMT timezone)Status
Monday 10 February 09.00-13.00SPACES
Tuesday 18 March13.00-17.00SPACES
Tuesday 29 April09.00-13.00

Monday 2 June13.00-17.00

TBC w/c 14 July

Tuesday 2 September
09.00-13.00

Monday 20 October
13.00-17.00

Monday 24 November 
13.00-17.00


Cost

£100 + VAT per person 

Contact us to book

To book to attend please email us and we will require some questions to be completed re payment, then booking will be completed with a calendar entry sent to you.

Please direct any questions to Aaron Boyle.

LeadershipAndLearning@lloyds.com