The basic principles of property insurance (non-life)

Target group

The training is primarily intended for persons

• who perform a regulated function in the distribution of Non-Life insurance, in particular those who :
  • have been appointed PCP and wish to broaden their basic knowledge and, where appropriate, take the advanced examination 2.3 – Property insurances;
  • are exempted from the examinations by their diploma;
  • have obtained a knowledge certificate to refresh and deepen the acquired knowledge, in accordance with the knowledge requirements of the IDD.
• who exercise a function other than the distribution of insurance and wish to deepen their knowledge of property insurances, in particular fire and technical insurances

(Professional knowledge required by Articles 13 to 16 of the Royal Decree of 18 June 2019).

Required prior knowledge

Advanced level training: this training requires a general basic knowledge of the subject. 

Programme

This training is composed of E-learning (distance learning) and a traditional classroom training. You must complete the distance learning course, in the form of a syllabus (pdf), before attending the classroom session. The classroom session focuses on practical exercises and lectures illustrated with concrete examples through a presentation.

CONTENT

• Part 1: Provisions of the law of 4 April 2014 applicable to property insurances
• Part 2: Fire Insurance
  • Subject of the fire insurance and type of insurance
  • Applicable legislation and consequences 
  • The insurable interest and the capacity of the insured party
  • The insurable liabilities
  • The insurable goods and the valuation
  • The basic, optional and the additional coverages
  • The claim settlement
• Part 3: Business interruption insurance
• Part 4: Technical insurances
  • Machine breakdown
  • Assembly and testing insurance
  • Electronic all risks insurance
  • The insurance for all construction site risks (ABR)
• Part 5: Credit and suretyship insurance

PRACTICAL INFORMATION

• Duration: E-learning (14 hours) + 1 day training (6 hours training)
• Hours classroom training : 09:00 to 17:00
• Location: Febelfin Academy, Phoenix building - Koning Albert II-laan 19 1210 Brussels
• Number of pages syllabus : +- 90 pages
• Preparation: Participants are invited to study the textbook on the topics covered in the course in order to better follow the classroom training. The study of the manual (syllabus) is necessary to pass the online test. The interactive session is designed to support the knowledge acquired in the E-learning.
• CPD hours: The module includes an online test consisting of multiple-choice questions. CPD hours will only be granted if you pass the test. You are entitled to 2 attempts to pass the test. If you do not pass (result lower than 60%), CPD hours will not be granted for this (sub)module. We therefore recommend that you take the test only when you are sure you master the subject matter. 

Methodology

You follow a ‘Classroom training’ in a group. You, the other participants and the teacher are all present in the same classroom at an agreed time. There is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).

Type of training: Hybrid 

During our hybrid trainings, we combine self-study (E-learning) with an interactive session  (classroom training or live webinar). During the interactive session, the focus is on practising the material and working with real-life cases. 

Course material:

• Syllabus
• Training platform
• Powerpoint