Home > Seminars & Trainings > Training Programme on Project Insurance 2018

Training Programme on Project Insurance 2018

Organised by

Insurance Foundation of India (IFI)


1 Day


25 May 2018


9.30 am to 5.30 pm


PHD Chamber of Commerce and Industry, PHD House, 4/2, Siri Institutional Area, August Kranti Marg, New Delhi- 110016 (Nearest Metro station- Hauz Khas)

Why need for Specialized Industry Focused Training Programme on Project Insurance?

Indian Economy is growing at a fast pace and large amount is being invested in the following projects:

  • Infrastructure
  • Ports/ Airports
  • Highways
  • Roadways
  • Metro/ Rapid Metro
  • High Rise Buildings
  • 300 Smart Cities

Country is also focusing on “Make in India” and large amount is being invested in setting up of various manufacturing projects:

  • Defence Infrastructure
  • Petro Chemicals
  • Power Generation
  • Food Processing/ Cold Chain Supply Line
  • FMCG
  • Electronics/ Electrical Manufacturing

All these projects need Project Insurance Policies where all aspects of Risk are covered and hence we find that there is need for specialized training Programme on:

  • Contractors All Risks (CAR) Insurance Policy
  • Erection All Risks (EAR) Insurance Policy
  • Advance Loss of Profit Policy
  • Marine Loss of Profit Policy

All major projects and investments present great opportunities, but also have many unforeseen risks as well. The management of risk in construction projects involves both the allocation of risk under the project contracts and the management of those risks through insurance. The ability to recognize and overcome risks is crucial to the success or failure of any project.

Investors, lenders, contractors and implementors of projects are exposed to a wide range of risks which may:

  • Impact the asset base
  • Interrupt the revenue stream
  • Affect repayments to lenders and investors

The potential risks can be divided into following three groups:

  • Physical Assets Protection
  • Design Engineering Risks
  • Management Liability
  • Financial Market and Economic reforms

Project insurance should cover ‘All-risks’ of loss or damage to the permanent and temporary works comprising the contract, including the materials, and all things used for or intended for incorporation within the contract, throughout various phases of the construction/ erection, including testing.

Objectives of the Training Programme:

This training programme will give an opportunity to participants to interact with faculty, who have vast experience of dealing with products which form part of Project Insurance. Participants will be able to learn about the experience of various organizations.

This training programme is very practical in nature and is Case Study Based to provide a practical understanding of various products which form part of Project Insurance. The aim is to discuss and come out with solutions for issues faced during purchase of these products, lodging and settlement of claims associated with the same.

The programme is structured in such a way that it promotes interaction among managers/ executives of:

  • Firms who purchase Project Insurance Policies.
  • Insurance companies involved in business development, selling, underwriting and managing products which are being sold to corporates.
  • Insurance brokers who are most important insurance intermediary
  • Surveyors & Loss Assessors
  • Insurance Consultants/ Consulting Companies, who are advising clients in buying project insurance.

Topics to be covered:

Every session will be followed by Questions/ Answers so that high level of clarity is achieved.

  • Contractors All Risks (CAR) Insurance Policy
  • Erection All Risks (EAR) Insurance Policy
  • Advance Loss of Profit Policy
  • Marine Loss of Profit Policy
  • Risk Management in Infrastructure Projects
  • Underwriting Challenges in Infrastructure Projects.
  • Claims Challenges in Infrastructure Projects
  • Contractual obligations
  • Contractual risk flows
  • Competitive pressures
  • Technological Development
  • Regulatory Requirements
  • Claims Procedure – how to expedite it by keeping in mind the Procedural Aspects of Insurers. This will be supported with Case Studies.

Who Should Attend the Training Programme

This is a good opportunity for:

  • Risk Managers/ Mangers handling purchase of insurance policies and lodging of claims on behalf of:
  1. Corporates
  2. Implementors of large Projects
  3. Manufacturing firms
  4. Large Construction Companies
  5. EPC Contractors
  6. Large Real Estate developers
  • Decision makers in the large infrastructure companies
  • Middle/ Senior level managers in Insurance Companies
  • Surveyors & Loss Assessors
  • Managers/ Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claims Department.
  • Consulting firms providing services to Infrastructure & large projects.
  • Academic – Faculty members/ students specializing in General Insurance

What you can expect from the Training Programme?

This training programme on Project Insurance will provide the participants with

  • Empowering the customers of project insurance in the infrastructure industry
  • Providing an insurer-insured interface
  • Improving Project Insurance knowledge and professional level

Traning/ Delegate Fee:

Participation fee (Includes Training, Study Materials & Lunch)

Individual participant fee: Rs. 3500/

Group participation fee (team of 5 persons and above): Rs. 3250/- each.

Group participation fee (team of 10 persons and above): Rs. 3000/- each.


Prior registration/ confirmation are requested to attend this Training Programme, so that Certificates/ Logistics/ Study Material & Lunch can be arranged accordingly.

Contact Details

Ms. Shveta Kaushal

Om Plaza, 430/7, 1st Floor, Sant Nagar, East of Kailash, New Delhi – 110065

Mobile: 7678689961

Email: vp@ifingo.org

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