P066 - MANAGEMENT
OF PROPERTY INSURANCE (FIRE) (NON-LIFE)
Property
insurance (Fire Insurance) used to be a major contributor to the general
insurance business. But post de tariffing drastic reduction in prices in fire
rates has led to the portfolio waning in the recent past. Currently the property
segment is undergoing changes in terms of stipulation of minimum STFI rates, IIB
rates, Earthquake, deductibles and reinsurance treaties. Now IRDAI has
introduced three new standard products which need to be followed by all the
insurers in the country. Practitioners require intensive knowledge to understand
the increasing complexity and nature of property insurance. This Programme aims
to provide a holistic view of property risks, its assessment, market
developments underwriting, reinsurance aspects, and claims management.
This
programme aims to equip participant’s comprehension and increase exposure to
understand
Ø
Standard
Fire and Special Perils Policy;
Ø
New
Standard Fire Products
Ø
Special
Policies; IAR Policy Mega Policy
Ø
PML -
Importance and calculation
Ø
Reinsurance
Ø
Claims
Management
Ø
Property
Insurance - Indian scenario including IIB rates, etc.
Ø
PML
concepts & its importance in underwriting
Ø
Standard
Fire and Special Perils Policy - concepts, cover and extensions
Ø
Griharaksha
Policy, Shukshma Udyog policy and Laghu Udyog policy
Ø
IAR
Policy; Mega Policy - concepts, cover and extensions
Ø
Business
interruption concepts, cover and extensions
Ø
Claims
Management
Ø
Reinsurance
Participants’ Profile
Officials handling underwriting and claims, audit in Head Office,
Regional Offices, Operating Offices of Indian and foreign public & private sector General
Insurance Companies