Introduction au cours d'assurance et contrats

Introduction to the Insurance and Contracts Course

• The course is part of a professional license program (FGES) in banking and insurance.
• The duration of the program is from September 2024 to December 2024.
• The course will cover economic and work environments, deepening knowledge of the insurance market, and competitive analysis.
• Topics will include legal regulations related to insurance contracts, from preparation to completion.

Course Topics

• Understanding the economic and professional environment.
• In-depth study of the insurance market.
• Analysis of the competitive landscape.
• Application of legal regulations concerning insurance contracts from underwriting to closing.

The Insurance Market

• Insurance is a financial mechanism for transferring risk from an individual or business to an insurer in exchange for a premium.
• In the event of a loss (or "claim"), the insurer compensates the insured, providing protection against unforeseen financial losses.
• Mutualization of risk is the fundamental concept, as numerous contributions pool resources to cover the losses of a few.
• Insurance plays a critical role in stabilizing finances for both individuals and businesses.

Different Types of Insurance

• Property Insurance (or IARD): Covers both material and immaterial losses from various incidents. Examples: Car insurance for accidents, home insurance protecting against fires, water damage, or theft.
• Personal Insurance: Protects individuals and families against specific risks related to them.

Home Insurance (One)

• It's mandatory for renters and co-owners (those owning units within a larger property).
• Coverage obligations for co-owners are limited to liability related to the property, its occupants and external parties.
• Certain types of housing and habitation are exempt from the mandatory insurance rule, like seasonal or temporary homes, "autonomous residences," those with official government agreements tied to their use or homes intended for specific professional activities.

Home Insurance (Two)

• This insurance covers a property's and its content's risk against accidental damage.
• It covers material damages like fire, water damage, theft, and weather events.
• It also covers liability for damages caused to others within the property, with the homeowner's direct involvement.
• The insurance does not cover every item, and valuables are often excluded or are subject to special conditions and policies.

Home Insurance (Three)

• This aspect covers homeowner's liability related to harm or damage caused to others.
• A guarantee within existing insurance is present for damage or injuries to third parties.
• It covers risks, like water damage, fires, and theft, originating within the property.

Home Insurance (Four)

• This focuses on the calculation of home insurance premiums.
• This is a student self-assessment element.

Car Insurance

• All motor vehicles are required to have minimum liability insurance in France.
• A wide array of insurance types are available, covering various liability levels.

Car Insurance (Type): Third Party

• Foundational insurance covering damage to others in car accidents.
• The driver and vehicle are not insured for damages that they may suffer.

Car Insurance (Type): Enhanced Third Party

• A higher level of coverage supplementing basic third-party insurance.
• The cover is enlarged to include some types of damages that usually are excluded in basic coverage.

Car Insurance (Type): Comprehensive

• This is the most extensive coverage, including a majority of damages.
• It protects the vehicle and the driver against nearly all possible damages.

Car Insurance Two

• The central aim of car insurance is to cover material and bodily harm caused to others or others' property by your vehicle.
• Based on the selected coverage, an insurer can extend policies to include your vehicle's material damages or harm caused to you during the accident..

Car Insurance (Pricing and Coverage)

• Prices vary based on selected coverage, vehicle type, area, and driver history.
• Insurance company information summaries are used to determine the appropriate pricing, using a five-year history of claims.

Liability Insurance

• It obligates individuals or businesses to compensate others for damage.
• This is usually included in home insurance policies and liability policies.
• If an incident occurs resulting in damage within your property or in its vicinity, your home insurance should absorb the costs.

Liability Insurance: Specific Types

• Professional liability insurance, frequently referred to as professional liability or Errors and Omissions insurance, applies to professional and business-related activities, offering protection or coverage to compensate any third party due to errors, omissions, or negligence by the covered party or their employees.

Liability Insurance: Home and Personal

• It protects you against incidents arising from events occurring within your home, or actions related to your actions within or outside your home, affecting others or their property.
• It's different from homeowner's insurance, which typically covers the property itself.

Liability Insurance: Types of Coverage

• Different types of guarantees exist under liability insurance policies, and they all have different specificities.
• The type of guarantee may change the coverage or the way losses are handled.

Decennial Liability Insurance

• A form of professional guarantee, mostly used by contractors or builders to cover their responsibilities.
• This coverage remains valid for 10 years following a construction project's completion and protects against damage to a structure caused by faults during the construction.

Decennial Liability: Covered Damage

• The coverage includes significant construction elements such as foundations, structural elements, and general construction.

Property Damage Insurance

• Offered as a separate contract.
• Protects various elements of a business, covering risks like fire, storms, and vandalism.
• Covers both the physical property and the goods within the location.

Property Damage: Specific Industry

• Specialized or customized coverage catering to specific industries, like manufacturing or industrial facilities.
• Takes into account the added risks or the specificities of the industry.

Property Damage Calculation

• This is a hands-on/interactive activity for students.

Equipment Breakdown Insurance

• Provides coverage for equipment failure, ensuring business continuity.
• The insurance covers breakdowns from various factors, including faulty design, internal issues, or external incidents like storms and strikes

Computer/IT systems Insurance

• Covers the hardware and software, data loss in case of events or intrusions.

Cyber Insurance

• Protects organizations against cyberattacks, covering costs for restoration, legal fees, and notification expenses.

Claims/Insurance Demands

• Steps an organization needs to follow to obtain compensation when a cyberattack happens.

Cyber Insurance Coverage

• Covers the costs linked to fixing any failures, notification expenses, and legal procedures linked to cyberattacks.

Cyber Insurance Types of Protection

• Covers different parts in an attempt to protect the company, including the costs needed to stop any further damage from the attack, notification fees, legal costs related to the incident, and necessary changes to safety procedures for the future.

Business Insurance: Merchandise Protection

• Protects items transported or held in stock against losses from various potential risks.
• Coverages for various modes of transport.

Environmental Damage Insurance

• Ensures compensation in case of pollution or damage to the environment by the business's operations.
• It will cover the costs for restoring the damage to the environment.

Leadership/Management Liability Insurance (RCMS)

• Ensures compensation if an important figure in management/leadership causes loss to the company due to errors in their decisions.
• Covers the business's leadership/management's individual liability issues/problems.

Directing/Management: Liability Cases

• Covers any errors, faults, and omissions by managers in operating a business, whether due to deliberate actions or mistakes.
• The coverage specifically compensates for any legal, financial, or reputational losses incurred by a company's management or leadership because of their actions or omissions.

Directing/Management: Liability Cases Examples

• Several examples cover instances where management falls short of specific legal or regulatory requirements.

Directing/Management: Liability - Cases: Examples

• Numerous examples illustrate violations of legal standards, which can lead to a loss of funds for a firm.

Directing/Management: Liability - Cases: Examples - Part Two

• Illustrates additional scenarios where leadership or management could be held responsible for faults or mistakes made.

Directing and Management: Insurance - Getting Cover

• This part discusses how to acquire coverage for managers and administration's potential individual liability issues.
• Discusses the benefits of having this type of insurance.

Legal Protection Insurance

• This particular insurance protects individuals or businesses in legal proceedings related to various scenarios.
• Includes disputes over contracts, damages by third parties, lawsuits, or issues with financial compensation.

Legal Protection Insurance: Business Scope

• Covers lawsuits connected to a company's operations, whether employee-related issues, administrative clashes, or disputes involving contracted services.

Legal Protection Contracts: Key Considerations

• Provides detailed descriptions of typical legal conflicts, like disputes with vendors, employees, or contractors.

Affinitive Insurance

• This type offers additional guarantees linked to specific products or purchases.
• The guarantee typically begins at the moment of product acquisition.

Personal Insurance: Health Insurance

• Covers medical expenses, hospitalizations, and treatments.

Personal Insurance: Optional Health Plans

• These augment basic health coverage and can be tailored to meet specific healthcare needs.

Personal Insurance: Life Insurance

• Offers financial support to dependents in the case of the insured person's death.

Personal Insurance: Retirement Savings

• Aims to provide funds for retirement financial planning.

Personal Insurance: Accident Insurance

• Covers compensation in case of accidents.

Insurance Management Principles: Distribution

• Outlines how insurance companies distribute premiums and funds to those with claims.
• Provides insight into the calculation and distribution of insurance funds.

Insurance Management Principles: Capitalization

• Describes managing insurance funds as financial investments to increase profits.
• The accumulation of capital over a specific period.

Ce cours fait partie d'un programme de licence professionnelle en banque et assurance. Il couvre les environnements économique et professionnel, l'étude approfondie du marché de l'assurance et l'analyse de la concurrence, ainsi que l'application des réglementations légales relatives aux contrats d'assurance.