NATIONAL INSURANCE ACADEMY

PUNE

 

P162 - MANAGEMENT OF MISCELLANEOUS INSURANCE BUSINESS –

(NON-LIFE)

(2024 - 25)

Background:

 

Traditionally, miscellaneous insurance comprised of several lines of business including property, health, personal accident, travel, aviation, liability, employer’s liability, rural & micro. With time, the portfolio has undergone changes.   Health insurance over the last decade has grown phenomenally and currently constitutes 22% of the general insurance business.  As per health insurance regulation, health insurance comprises health, PA & travel.  Crop insurance has assumed significance over the last 5 years.   Separate regulation has been introduced for micro insurance.  Liability insurance especially D&O, PI and Cyber gaining foothold.  The share of miscellaneous insurance excluding health & crop is currently low.   Sales & marketing challenges are manifold and requires knowledge of products, regulations, innovations, market trends, effective underwriting and claims management.

 

Objectives:

 

The programme aims to equip participants with knowledge of 

§  Portfolio trends and its implication

§  Regulations and its implications

§  Miscellaneous insurance products and add on

§  Innovations

§  Underwriting aspects

§  Claims management.

 

Contents:

 

§  Introduction to miscellaneous insurance

§  Regulations impacting miscellaneous insurance.

§  Coverage, underwriting & claims aspects of Conventional products (Bankers Indemnity, Jewellers Block, Fidelity guarantee, plate glass, householders, shopkeepers) & New products (Title Insurance, SME insurance, home Insurance, crime insurance)

§  Rural and Social Sector - policy coverage and regulations

§  Crop insurance - policy coverage and regulations

§  Liability insurance - Basics

§  Public & Product liability

§  Professional indemnity

§  Directors & Officers, CGL

§  Cyber Insurance

§  Transactional Insurance (Representations & Warranties)

§  Insolvency Professional Indemnity Insurance

§  Role of Reinsurance in helping to develop Miscellaneous Insurance

 

Participants’ Profile:

 

Officials handling Miscellaneous Insurance in Head Office, Regional Offices, Operating Offices of Indian and foreign public & private sector General Insurance Companies  

 

Duration:       3 days

 

Dates:

 

     I.     20.05.2024 - 22.05.2024 

  II.     25.11.2024 - 27.11.2024 

III.     29.01.2025 - 31.01.2025