P068 - WORKSHOP ON MANAGEMENT OF MARINE INSURANCE (HULL)
(NON-LIFE)
Background
With the increase in national hull tonnage in a country, the demand for
comprehensive insurance cover also increases.
In order that the ship owning community and other stakeholders can have a
confident placement of cover, the Insurance Industry needs to develop
technical skills for Insurance of the Hulls and other marine tonnages. A
thorough knowledge of assessing and underwriting the risk, handling of
claims, loss control, risk management, reinsurance, and liability management
ensures that the portfolio is profitable and remains healthy.
The programme aims to equip the participants with knowledge and skills of
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Development
of Marine Hull Insurance Portfolio
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Underwriting
procedures & practices of Marine Hull Business
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Better
understanding of claims management
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Marine Insurance introduction
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Legal Aspects - Marine Insurance Act, Merchant Shipping Act, laws
involving safety, pollution control, admiralty jurisdiction, action in res and
action in rem, liability regimes
Ø
Shipping Practice-Port conditions and protocols, international
rules, various vessel (liners, singletons, barges, lighters, yachts, country
crafts, fishing trawlers, fishing factories, tankers, bulk carriers. roll on
roll off vessels, heavy lift vessels)
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Hull Classification Societies - Issues relating to sundry hulls and
major hulls
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Insurance cover the ship owner needs for property and
liability risks including war and piracy
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Clauses- ITC Hull (Time) & Voyage Clauses, Insurance of
Fishing, Sailing vessels & Inland vessels
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Hull damages and Risk Management
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Underwriting considerations and rate calculation in the Indian
Market, Hull manual
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Claims- Reporting; unrepaired damage; appointment of surveyor; hull
claim adjustment
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An outline of the cover provided by Protection and Indemnity Club
(risks covered, membership, the concept of calls, covers available,
representatives of P&I clubs. their roles, payment of claims, P&I
insurance as a compliment of hull insurance)
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GA and Salvage
Participants’ Profile
Officials
handling Marine (Hull) underwriting & claims posted in Head Office, Regional
Offices, Operating Offices of Indian
and foreign public & private sector General Insurance Companies