P352 - MANAGEMENT OF ENGINEERING INSURANCE (NON-LIFE)
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 India 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 Indian market including Erection All Risk Insurance,
Construction All Risk Insurance, Advanced Loss of Profits Insurance, Machinery
breakdown insurance, Machinery Loss of profits insurance.
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
§ Claims management
CAR / EAR policies
Coverage, exclusions, conditions
Officials handling Engineering Insurance in Head Office, Regional
Offices, Operating Offices
and foreign public & private sector General Insurance Companies