P798- PROGRAMME ON FIRE
UNDERWRITING SKILLS (NON-LIFE)
Background:-
Fire policy is a
very complex policy involving lot of interpretations. Now the IRDA has
introduced three new products for SMEs and dwellings.
Fire portfolio suffered a lot during detariff regime as a result of
excessive discounts prevailing in the market.
Under these circumstances, GIC Re and IIB stepped in and attempted to
bring some sanity to the market in terms of rates.
The regulator also brought in some changes particularly in AOG perils.
In the advent of above developments, the underwriting skills of fire
policies need to be relooked in order to provide a sustainable growth in the
portfolio.
In this
background NIA has decided to conduct a two days online programme on fire
policies to understand the intricacies involved.