NATIONAL INSURANCE ACADEMY

PUNE

 

P212 - PROGRAMME ON MANAGEMENT OF MARINE INSURANCE

(CARGO AND HULL) (NON-LIFE)

(2024 - 25)

 

Background:

 

Marine Insurance, besides being the oldest form of insurance, is also a vast and fascinating subject. It is unique, as it is conceptually different from other classes of insurance. Marine Insurance Business is mostly international and subject to marine laws, conventions and practices in all stages of operation. Handling of the subject requires knowledge and skills not only in the realm of insurance, but also other fields including maritime practices & laws, trade, economies, culture, natural resources, geographies, nature of commodities, mode of packing, transportation, different types of claims, marine recoveries. This programme has been designed to cover various aspects of Marine Insurance which would help participants to achieve better underwriting and claims management.  

 

Objectives:

 

The programme aims to equip participants with the requisite knowledge and expertise required to build and enhance their understanding of marine insurance including terminology, concepts, laws, type of risks, business practices, risk management, policies, clauses underwriting, reinsurance, claims and recovery.

 

Contents:

 

§  Marine Insurance - An Overview

§  Marine Insurance Terminologies/Peculiarities

§  Institute Cargo Clauses 1982-2009

§  Payment and Documentary Credit System

§  Critical Clauses and Provisions & Inland Transit Clauses

§  Major Commodities classification and their risks

§  Types of policies and their Underwriting

§  Marine Hull (Basics, Clauses & Relation to Cargo insurance)

§  General Average - Concept

§  Protection & Indemnity - Basics

§  Reinsurance

§  Visit to Port Model

§  Marine Claims Management – Cargo & Hull

§  Subrogation & Recovery

§  Importance of Packaging

 

Participants’ Profile:

 

Officials handling Marine (Cargo) underwriting & claims posted in Head Office, Regional Offices, Operating Offices of Indian and foreign public & private sector General Insurance Companies

 

Duration:       3 days

 

Dates:

 

     I.     22.07.2024 - 24.07.2024 

  II.     20.01.2025 - 22.01.2025