Derecho de Seguros

Introduces the general framework governing insurance contracts under Spain’s Insurance Contract Act (LCS), including their personal, substantive and formal elements. It also covers insurable interest, the principle of indemnity, underinsurance, coinsurance, the transfer of insured property and large risks.

Examines the requirements for entering the insurance industry and the Solvency II framework, as well as the supervisory roles of EIOPA and Spain’s Directorate General for Insurance and Pension Funds. It also explores corporate governance, risk management, internal controls, outsourcing and regulatory compliance.

Explores the acquisition and sale of insurance companies, related regulatory procedures, the interim period between signing and closing and transaction closing. Covers the consolidation of insurance brokerages, bancassurance and distribution partnerships and key valuation methods and purchase price adjustment mechanisms.

Examines insurance products associated with corporate transactions, particularly representations and warranties insurance (W&I) and the underwriting process. It also covers litigation and contingent liabilities, real estate and title risks and tax contingencies.

Introduces the different types of insurance distributors and the key features of agency and brokerage agreements. It also examines underwriting agencies, ancillary insurance products and digital distribution channels, including online platforms, apps and comparison websites.

Provides a practical overview of the history and evolution of the Mutua Madrileña Group. The sessions focus particularly on personal injury assessment and measures to prevent, analyze and detect insurance fraud.

Explores the various channels available to policyholders for filing complaints, from internal customer service departments to the Directorate-General for Insurance and Pension Funds and out-of-court proceedings. It also covers civil litigation, the assessment of evidence, expert involvement and alternative dispute resolution mechanisms, including arbitration and mediation.

Examines the features, coverage and operation of various insurance products, including civil liability, directors and officers (D&O), cyber risk, surety and export credit insurance. The module also explores health, accident, and sickness insurance, along with unit-linked life insurance products that combine life coverage with investment funds.

Covers additional areas such as extraordinary risks, Spain’s Insurance Compensation Consortium, notarial services, international insurance programs, captive insurance companies, sanctions and taxation. It also addresses insurtech, privacy and the Digital Operational Resilience Attack (DORA), sustainability, reinsurance, the in-house legal function and the application of artificial intelligence in the insurance industry.