P819 - PROGRAMME ON MARINE INSURANCE

(FOR OVERSEAS PARTICIPANTS) (NON-LIFE)

 

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 Laws

   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

   Subrogation & Recovery

Participants Profile

Officials handling Marine (Cargo) underwriting & claims posted in Head Office, Regional Offices, Operating Offices overseas General Insurance Companies

Duration :      3 days

Dates:             19.09.2022-21.09.2022