Diploma in Insurance Law

This diploma will provide participants with an overview of the (re)insurance industry in Ireland and provide comprehensive coverage of all key issues relating to (re)insurance law and the litigation of insurance claims. The course will examine insurance concepts and underline the importance of understanding key insurance documentation. It will ensure that participants are aware of the important legal issues relating to both personal and commercial insurances and the legal issues pertaining to claims. Leading experts will consider the main legal liability insurance areas such as public liability, occupier liability, professional indemnity, and employer liability insurance.

Modules

The programme is based on the following module scheme and covers key themes as listed below:

Module 1: Introduction to insurance

• Overview of Irish insurance market,
• Principles of insurance,
• The contract of insurance,
• Key insurance documentation,
• Insurance policy terms and conditions,
• Insurance policy drafting and interpretation,
• Ethics in insurance.

Module 2: Insurance claims

• Personal insurance,
• Commercial insurance,
• Causation – proximate, sequential, concurrent,
• Notice, mitigation, limitation,
• Proof and measurement of loss.

Module 3: Liability in insurance

• PIAB,
• Personal Injuries Guidelines,
• Court process,
• Appeals process,
• Which parties to claim against,
• Key issues for litigating/defending claims,
• Awards and costs,
• Alternative dispute resolution,
• Overview of recent insurance cases,
• Motor insurance – MIBI,
• Complaints – Financial Services Ombudsman, Central Bank.

Module 4: Litigation insurance

• Public liability,
• Product liability,
• Professional indemnity,
• Employer liability,
• Warranty and indemnity insurance.

Module 5: Regulation of insurance industry

• Insurance supervision – Central Bank,
• Insurance (Miscellaneous Provisions) Act 2022,
• Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Insurance Requirements) Regulations 2022,
• The Central Bank (Individual Accountability Framework) Bill 2022,
• Regulation of intermediaries,
• Solvency II,
• Consumer Protection Code,
• Enforcement.

Module 6: Data protection

• Legitimate processing of data,
• Retention of data,
• Personal data and sensitive personal data,
• Data access requests,
• Transferring data outside EU/EEA,
• Use of private investigators.

Module 7: Reinsurance and Outsourcing

• Reinsurance industry,
• Types of reinsurance contracts,
• Losses and claims,
• Proportional and non-proportional treaty,
• Outsourcing in insurance,
• Solvency II and intra/third party outsourcing arrangements.

Module 8: Intermediaries and Assignments

• Intermediaries,
• Broker rights and duties
• Assignments.

Module 9: Key Issues

• Conflict of law – jurisdictional issues,
• The Insurance Compensation Fund
• Establishment/liquidation issues.

Module 10: Applied insurance

• Construction insurance, including single project,
• Marine insurance,
• Aviation insurance,
• Cyber insurance,
• Legal expenses insurance.

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