PUNE
P798
- PROGRAMME ON FIRE UNDERWRITING
SKILLS (NON-LIFE)
Background:
Fire policy is a
very complex policy involving lot of interpretations. Now the IRDA has
introduced three new products for SMEs and dwellings.
Fire portfolio suffered a lot during detariff regime as a result of
excessive discounts prevailing in the market.
Under these circumstances, GIC Re and IIB stepped in and attempted to
bring some sanity to the market in terms of rates.
The regulator also brought in some changes particularly in AOG perils.
In the advent of above developments, the underwriting skills of fire
policies need to be relooked in order to provide a sustainable growth in the
portfolio.
In this background NIA has decided to conduct a two days online programme on fire policies to understand the intricacies involved.
Contents:
§
Standard
fire and special perils policy – cover, exclusions, and conditions
§
Standard
fire and special perils policy – different policies, clauses and add on
covers.
§
Fire
new products – Griha Raksha policy, Sukshma Udyog policy and Laghu Udyog
policy
§
Prudent
underwriting practices and concept of ratings, etc.
§
Concept
of risk inspection, importance of PML and application of reinsurance
§ FLOP - concept, various terminologies, CBI extensions and underwriting practices
Participants’ profile:
Any insurance official, brokers and executives’ surveyors and customers.
Duration: 2 days
Dates:
I.
12.09.2024
- 13.09.2024
II.
09.01.2025 - 10.01.2025