Cert CII (IF1) - Session 7 (Proximate Cause, Indemnity and Subrogation)

The final insurance principles will be covered off in this session, including the principles of proximate cause, indemnity, contribution and subrogation. These principles will help you understand how these principles work in practice, especially in the event of a claim to determine how insurers can settle claims.

-Recognise how insurers determine the causation of the loss -Explain the settlement options available to insurers-Identify how insures can share claims costs with other parties