PUNE
P066
- MANAGEMENT OF PROPERTY INSURANCE (FIRE) (NON-LIFE)
Background:
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.
Objectives:
This
programme aims to equip participant’s comprehension and increase exposure to
understand:
§
Standard Fire and
Special Perils Policy.
§
New Standard Fire
Products
§
Special Policies;
IAR Policy Mega Policy
§
PML - Importance
and calculation
§
Reinsurance
§
Claims Management
Contents:
§
Property Insurance
- Indian scenario including IIB rates, etc.
§
PML concepts &
its importance in underwriting
§
Standard Fire and
Special Perils Policy - concepts, cover, and extensions
§
Griharaksha Policy,
Shukshma Udyog policy and Laghu Udyog policy
§
IAR Policy; Mega
Policy - concepts, cover, and extensions
§
Business
interruption concepts, cover, and extensions
§
Claims Management
§
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
Duration:
3 days
I.
26.05.2025
- 28.05.2025
II.
28.07.2025
- 30.07.2025
III.
27.10.2025
- 29.10.2025
IV.
12.01.2026
- 14.01.2026