PUNE
P066
- MANAGEMENT OF PROPERTY INSURANCE (FIRE) (NON-LIFE)
Background:
Property
insurance (Fire Insurance) used to be a major contributor to the general
insurance business. But post de tariffing drastic reduction in prices in fire
rates has led to the portfolio waning in the recent past. Currently the property
segment is undergoing changes in terms of stipulation of minimum STFI rates, IIB
rates, Earthquake, deductibles and reinsurance treaties. Now IRDAI has
introduced three new standard products which need to be followed by all the
insurers in the country. Practitioners require intensive knowledge to understand
the increasing complexity and nature of property insurance. This Programme aims
to provide a holistic view of property risks, its assessment, market
developments underwriting, reinsurance aspects, and claims management.
Objectives:
This
programme aims to equip participant’s comprehension and increase exposure to
understand:
§
Standard Fire and Special Perils Policy.
§
New Standard Fire Products
§
Special Policies; IAR Policy Mega Policy
§
PML - Importance and calculation
§
Reinsurance
§
Claims Management
Contents:
§
Property Insurance - Indian scenario including IIB
rates, etc.
§
PML concepts & its importance in underwriting
§
Standard Fire and Special Perils Policy - concepts,
cover, and extensions
§
Griharaksha Policy, Shukshma Udyog policy and Laghu
Udyog policy
§
IAR Policy; Mega Policy - concepts, cover, and
extensions
§
Business interruption concepts, cover, and
extensions
§
Claims Management
§
Reinsurance
Participants’ Profile:
Officials handling underwriting and claims, audit in Head Office,
Regional Offices, Operating Offices of Indian and foreign public & private sector General
Insurance Companies
Duration:
3 days
Dates:
I.
27.05.2024
- 29.05.2024
II.
29.07.2024
- 31.07.2024
III. 21.10.2024 - 23.10.2024
IV.
10.02.2025 - 12.02.2025