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Conference on “Protection & Insurance of Art, Artifacts, Art Galleries and Museums”
  Date to be Announce Soon
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Conference on “Protection & Insurance of Art, Artifacts, Art Galleries and Museums”
Seminar - Programme Main Page
Date- Date to be Announce Soon
Venue: PHD House, New Delhi
Programme Brochure Response Form Programme Schedule
Organized By:
PHD Chamber of Commerce and Industry in Association with Insurance Foundation of India (IFI)
Contact Details
Mr. Rajesh Kumar
Programme Coordinator, Insurance Foundation of India
Om Plaza, 430/7, 1st Floor, Sant Nagar, East of Kailash, New Delhi – 110065
Phone: 011- 46581577
Email: vp@ifingo.org
Why need for Specialized Conference on Protection & Insurance of Art, Artifacts, Art Galleries and Museum?
India is known worldwide for its culture, traditions, art and craft. Indian art has a profound historical relevance and rich cultural roots. People who visit India are left amazed by the country’s art and craft and like to visit various Indian Art Galleries and exhibitions to get good idea about the uniqueness of Indian art.
Number of Artists, Master Artists, Art Galleries and Museums has been increasing year after year. Based on the latest figures available, the Indian art market is thought to be worth Rs.15000 Crores per year with Paintings comprising major part of the same.
In recent years much of the investment returns and wealth growth of high net worth individuals have been due to the strategic diversification of their investments into a broad range of asset classes. Art, like gold is classed as a “real asset” and has proven in the past as a natural hedge against inflation.
In case of artwork, the risk lies in theft, robbery, damage due to natural disaster (Including Fire/Terrorism/Earthquake/Riots) as well as deterioration due to humidity/ pollution. To face undesirable situations like this you will find getting valuation of your art objects and insuring the same is a smart decision. An insurance cover provides for protections due to unforeseen and sudden loss or damage due to various reasons. Insurance can also be taken while the artwork is in transit for

a) Exhibition purpose whether within India or to foreign destinations.
b) Being sent to customers
Great Insurance potential lies with Art Galleries having collection as valuable as Rs.500 Crores at one or multiple locations. Art/ Artifacts/ Art Galleries/ Art Exhibitions & Museums are completely untapped market as far as Insurance is concerned. “Some estimates show that the value of art that can be insured in India can be as high as to Rs.2, 00,000 Crores”.
Topics to be covered:
  • Valuation of Art & Artifacts
  • Protection/ Security
  • Insurance
  • Claims
Stake Holders:
  • Artists (own collection awaiting sale)
  • Art Galleries
  • Art Exhibitions
  • Museums (Government/ Private Owned)
  • Art Collectors
  • Art Consultants
  • Art Auction Houses
Objective of the Conference:
The conference will feature and address the following issues:
  • To provide a platform for open house discussion between government and stakeholders
  • Role and importance of art insurance in safeguarding business interest and protection against theft, losses and natural disaster or any unforeseen threats.
  • To focus on challenges in valuation of art, risk assessment and insurance claims management through case studies.
  • Modern electronic equipment for protecting assets on 24 hours x 365 days basis.
  • To provide new innovative strategies through national and international best practices to enhance the business health of this niche market
  • Creating awareness on all the aspects of insurance and its necessities for high values Art, Artifacts and Antiques.
  • Describe the supportive role of Insurers, Reinsurers, Bankers, Valuers, Surveyors, and Brokers in insuring these specialized products.
  • Role of insurance in exports and stock-in-transit in art industry
  • Re-insurers roles in the sector with foreign country perspectives
Who Should Attend the Programme (Target Participants)?
This is a good opportunity for:
  • Artists
  • Representatives of the Government owned Museums, National Museums & Private
  • Museums
  • Representatives of Policy Regulators and Authorities
  • Country Diplomats
  • Art Galleries, Art Auction Houses
  • Logistic Companies Handling Transportation of High Value Assets within
  • India & Aboard
  • Insurance Companies, Insurance Brokers, Surveyors, Loss Assessors, Valuers handling this Product Group
  • Corporate Collectors, Individual Collectors, Fine Art Dealers, Exhibitors
  • Academia
  • Media Personnel
  • Members from Chambers of Commerce and Industry
  • Associations Representing Various Segments Connected with this industry
What you can expect from the Programme?
Valuation, property, insurance is key aspects of art/ artifacts which you are owning. At one location you will be able to understand all aspects.
Some Key Take away for Various Stake Holders will be:
  • Understanding why valuation of art/ artifacts should be done.
  • Protection of art/ artifacts /art gallery is important.
  • Environment temperature/ humidity control is important if you own master paintings.
Protection and insurance of your art collection is as important as protection and insurance of your expensive designer jewellery, heirlooms or expensive automobiles.
Eminent Speakers addressing this conference will be from:
  • Artists
  • Art Galleries
  • Art Auction Houses
  • Museums
  • Insurers
  • Reinsurers
  • Art Consultants
  • Valuers
  • Security Equipment Manufactures
  • Surveyors
Names are being finalized and will be shared soon.
Delegate Fee:
Participation free: But need pre confirmation Download Registration Form
Venue & Dates:
Duration: 1Day
Venue: PHD Chamber of Commerce and Industry, PHD House, 4/2, Siri Institutional Area, August Kranti Marg, New Delhi- 110016 (Nearest Metro station- Hauz Khas)
Date: Date to be Announce Soon
Accommodation:
This is nonresidential programme; however reasonable hotels/ guest houses are available in surrounding areas such as Panchsheel Enclave, Greater Kailash, South Extension and Hauz Khas. Programme Coordinator will be ready to assist you in arranging the same (if required)
Certificate:
Certificates will be issued to the participants on completion of this programme.
About the Organizers:
PHD Chamber of Commerce and Industry, established in 1905, is a proactive and dynamic multi-State apex organisation working at the grass-root level and with strong national and international linkages.
The Chamber acts as a catalyst in the promotion of industry, trade and entrepreneurship. PHD Chamber, through its research-based policy advocacy role, positively impacts the economic growth and development of the nation.
PHD Chamber is more than an organisation of the business community, as it lives by the chosen motto ‘In Community's Life & Part of It’ and contributes significantly to socio-economic development and capacity building in several fields.
PHD Chamber's geographical span covers the 12 States of Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jharkahnd, Jammu & Kashmir, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand and the Union Territory of Chandigarh.
Apart from its headquarters in New Delhi, the Chamber has regional offices in Jammu, Shimla, Chandigarh, Lucknow, Jaipur and Bhopal.
PHD Chamber has a direct membership of over 1,600 corporate entities and serves more than 45,000 indirect members through 200 Association Members and 8 Secretarial Affiliates. The membership covers trade and industry.
Insurance Foundation of India (IFI), is set up under Trust Registration Act 1882 of Government of India as a not for profit organization. The main objective of IFI is to promote awareness of Insurance among masses. It also focuses on education/ seminar programme's to improve capabilities of those working for Insurance industry.
In past IFI has successfully organized various Executive Development Programme's of International standards in India with world-class faculty.
The main objectives and purpose of this NGO are
  • Growth of Insurance Industry in the country as this can assist in infrastructure development with investment and hence create employment opportunities for large number of youngsters, who are entering the employment market.
  • Assist the Insurance consumers of India
  • Organize skill development programme's
  • Undertake Micro Insurance Projects for those who need these products
  • To set up facilities for online education, training, dissemination of Insurance and Insurance related subjects/ information among students, as well as professional specialists working in Insurance Industry (Companies, Intermediaries, TPA’s, Surveyors, and Actuaries), masses and general public.
  • To bring out Newsletter/ Publications/ Books/ Studies/ reports in media like print, copy, electronic, TV, web based
  • To publish/ translate books in English/ Hindi and all regional as well as vernacular languages so that masses living in urban/ semi urban/ rural parts of India can use Insurance as part of their financial planning/ risk management.
Please send the Registration to:
Mr. Rajesh Kumar
Programme Coordinator, Insurance Foundation of India
Om Plaza, 430/7, 1st Floor, Sant Nagar, East of Kailash, New Delhi – 110065
Phone: 011- 46581577, Email: vp@ifingo.org
 
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