PUNE
P352
- MANAGEMENT OF ENGINEERING INSURANCE (NON-LIFE)
Background:
Engineering
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.
Objectives:
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
§
PML
§
Underwriting
§
Claims management.
Contents:
§
CAR / EAR
policies Coverage, exclusions, conditions
§
Civil Risks-Road
Projects/Tunnels/Metro Rail/Bridges
§
ALOP policy including project
monitoring.
§
MB/BE/EEI/CPM/MLOP - Coverage,
exclusions, conditions
§
Risk inspections-Project stage &
Operational Stage
§
Importance and implications of PML
study
§
Project Claims Management
§
Reinsurance treaty terms and
restrictions
Participants’
Profile:
Officials handling Engineering Insurance in Head Office, Regional
Offices, Operating Offices of Indian and foreign public
& private sector General Insurance Companies
Duration:
3 days
I.
09.06.2025
- 11.06.2025
II.
15.09.2025
- 17.09.2025
III.
15.12.2025
- 17.12.2025