Underwriting Motor Trade Insurance

Date: 26th June 2024 12:00 - 14:00 Online

Understanding the risks businesses that buy, sell, repair, or maintain vehicles face and how a Motor Trade insurance policy provides the necessary protection.

Description

The session will assess the motor insurance needs of motor traders, the types of policies available and the underwriting and claims handling of motor trade risks.

 

Topics

  • Types of motor traders and their insurance needs
  • The cover provided by the standard motor trade policy.
  • The rules around use of Trade Plates
  • Underwriting motor trade risks
  • Handling claims under motor trade policies.

 

Learning Objectives

  • The risks faced by motor traders
  • The protection offered by a motor trade policy
  • How to underwrite motor trade risks
  • Handling claims under motor trade policies

 

Target Audience

Motor underwriters, claims handlers and insurance intermediaries wanting to learn about motor trade insurance.

 

Assessment Questions and Answers

In line with MFSA requirements, a short multiple-choice assessment will be provided by the trainer towards the end of the session. A Certificate of Attendance will be awarded to all students who attend the CPD (duration will be included on certificate). A Certificate of Achievement will be awarded to those who sit for the assessment and are successful (pass mark 60%).

Trainers

Francis Valletta, ACII, Chartered Insurer

Francis is a Chartered Insurer with over 35 years of experience in Motor Insurance. He currently serves as the General Manager of the Motor Insurance Division at a leading motor insurer in Malta, where he oversees all aspects of the division’s operations. In addition, he is a Visiting Assistant Lecturer in the Department of Insurance and Risk Management at the University of Malta’s Faculty of Economics, Management & Accountancy, where he shares his expertise with the next generation of insurance professionals. Francis is an active member of several industry associations and committees, including the council of the Malta Green Card Bureau and the Motor Insurers Bureau, which he currently chairs. He also serves as a member of the Motor Sector Committee of the Malta Insurance Association and represents the committee in the Motor Insurance Working Group of Insurance Europe.

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Why Choose Us

MITC is made up of a close-knit team with a real passion for learning and insurance, who believe in the continuous development and empowerment of individuals through learning. We understand all of the nuances and challenges that come with insurance training and, that is why we’re here to help you get your training right.

Our courses are developed following in-depth research and consultation on the subject matter and the related market, thus ensuring participant needs are met. All our trainers are experts in their field and actively contribute towards the continuous development of the courses which they deliver.

Our training services are accredited by the Malta Further and Higher Education Authority (MFHEA) and the European Qualifications Framework platforms. MITC’s homegrown insurance programmes are recognised by the renowned Chartered Insurance Institute, UK.

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