P818 - PROGRAMME ON ENGINEERING INSURANCE

(FOR OVERSEAS PARTICIPANTS)

 

Background

Engineering Technology is in a continuous state of development both in terms of upgradation in electronics as well as automation in terms of industrial and manufacturing & material handling.  The nature and complexity of engineering projects and operations is of direct relevance to Engineering Insurance underwriters. Complex Civil (infrastructure) and Mechanical & Electrical Projects, using the state of the art technology are coming up in international market continuously without any let up.  International and domestic financial institutions are funding and leasing tangible assets for these projects.  Financial institutions have their specific demands as far as risk coverage and transfer of the risk with least amount of risk appetite.  This program helps participants in understanding of various risks during construction /erection / installation & commissioning phases of the project.  All through these phases, insurance companies have valid solutions available in the International market including Erection All Risk Insurance, Construction All Risk Insurance, Advanced Loss of Profits Insurance, Machinery breakdown insurance, Machinery Loss of profits insurance.

 

Objectives 

The programme aims to equip participant’s comprehension and increase exposure to understand

§  Upgradation and exposure to market dynamics for apt coverages

§  Project policies, operational policies & ALOP

§  Risk inspection & process validation

§  PML

§  Underwriting

§  Claims management

 Contents

 

Participants’ Profile :

 Officials working in Engineering insurance in various offices in the general insurance industry.

 Duration:       3 days

 Dates :            17.08.2022-19.08.2022