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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Featured Pathways

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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

Book a demo

Pricing

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Book a demo

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History of Insurance

History of Insurance

Ted Wainman

20 years: CA & educator

The history of insurance can be traced, in some form or other, back to prehistory and to the world of barter and trade. In this video, Ted covers the history of the various types of insurance, some of which include, property insurance, life insurance, and national insurance.

The history of insurance can be traced, in some form or other, back to prehistory and to the world of barter and trade. In this video, Ted covers the history of the various types of insurance, some of which include, property insurance, life insurance, and national insurance.

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History of Insurance

9 mins 51 secs

Key learning objectives:

  • Describe the earliest forms of insurance

  • Understand the difference between insurance and assurance

  • Understand when life insurance was conceived

Overview:

The world of insurance has a long and illustrious history. In this video Ted traces the business of insurance back to its roots and outlines out how this multi-trillion dollar business started.

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Summary

What are the earliest forms of insurance?

Insurance has existed in some form since homo sapiens lived in communities.  Lloyd’s of London – probably the most famous insurance market – was born out of the ashes of the Great Fire of London and is older than the Bank of England.

What is the difference between insurance and assurance?

Insurance refers to an event that might happen (such as the sinking of a boat or destruction of property) during a specific period.  Assurance is concerned with an event that will definitely happen – in this case the death of an individual.  Both insurance and assurance products are purchased by individuals and companies to address specific risks that they face and to mitigate these risks.

When was Life Insurance conceived?

Life Expectancy tables date back to 1693.  However, these in themselves were not sufficient to allow insurance companies to accurately price life insurance cover.  It took another 50 years before the statistical techniques were sufficiently developed to allow accurate pricing.

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Ted Wainman

Ted Wainman

Ted Wainman trained and qualified as an Associate Chartered Accountant (ACA) with Ernst & Young before joining JPMorgan on the Investment Management side of the business. He since has over 17 years of experience in designing, developing and delivering financial & business skills training workshops for over 275 clients in more than 35 countries.

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