The deadline is fast approaching for applications for the FERMA-Lloyd’s Professional Development Initiative. It’s a training course that will deepen the understanding of Lloyd’s and its interaction with other European markets, and it will be free for up to 15 FERMA members.

Lloyd’s is not an insurance company but a more complex structure of syndicates, mainly but not exclusively capitalised by insurers and reinsurers, within an overall market framework. Knowledge of how the market works and how to access its capacity will be valuable for risk managers with multinational and specialist businesses.

Multinational companies have complex insurance arrangements and need to combine capacity from different markets, as well as their own captives, to optimise their insurance and risk management solutions.

The programme is open to people of any age so long as they have at least three to five years experience and are working as risk managers or in the risk or insurance management functions of a national association member. They will need to have good spoken and written English.

The professional development initiative sponsored by Lloyd‟s will take place over three sessions. The programme will cover:

1. Lloyd’s and the London market (April 2012)
2. Risk management, performance management and emerging risks (October 2012)
3. Claims management, the international regulatory context and Lloyd‟s international markets (April 2013)

Benno Reischel, Lloyd’s Head of Northern Europe, comments, “Professional development plays a very important role for Lloyd’s and we are, therefore, delighted to sponsor and deliver the first FERMA professional development initiative.”

In addition to increased knowledge, the programme will provide an excellent networking opportunity with the potential to share future experiences beyond the event. Lloyd’s is considering starting alumni activities.

Applications should be made through FERMA member national associations or to FERMA directly, and successful candidates will be announced at the Forum.

For more details and applications (which must be submitted by 15 September), see
https://www.ferma.eu/education/ferma-professional-development-initiative-sponsored-by-lloyds/

Useful links:

• FERMA Professional Development Initiative sponsored by Lloyd’s
• Successful candidates announced for FERMA-Lloyd’s education programme (October 5, 2011)
• FERMA “Education” page