Tag: Training

Registration can be done online at https://forms.gle/HS1UoGYyWc3wvNXG7

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
• Large Number of Smart Cities

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

• Defense Infrastructure
• Petro Chemicals
• Power Generation
• Nuclear Power Plants
• 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
• Contractor Plant & Machinery 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

Projct 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
• Contractor Plant & Machinery Insurance 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 (Target Participants)

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.

Training/ Delegate Fee:

 Participation fee (Including Training, Study Materials & Lunch)

• Individual participation fee: Rs. 4200/
• Group participation fee (team of 3 persons and above): Rs. 4000/- each.
• Group participation fee (team of 5 persons and above): 3800/- each.

Accommodation:

This is nonresidential Programme; however reasonable hotels/ guest houses are available in surrounding areas such as Nehru Place, Greater Kailash I & II, Panchsheel Enclave. (Nearest Metro Station Nehru Enclave & Nehru Place) 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 Training Programme.

Registration can be done online at https://forms.gle/qbtwXuKEEXaVMg5v6

Why need for Specialized Industry Focused Training Programme on Marine (Cargo) Insurance?

Most businesses realize at the time of claim that the claim amount is not payable because proper risk assessment has not been done and right insurance policy has not been purchased with proper policy wording at the time of taking the policy. Businesses fail to realize that risk cannot be managed only by taking any insurance policy without going into depth. It is their responsibility for maintaining proper accounts to conduct the business. The insurance policy will not cover the risks associated with organization if it fails to fulfill the conditions attached to policy.

This training programme will give an opportunity to participants to interact with faculty, who have vast experience of dealing with businesses and claims worldwide. Participants will be able to learn about common mistakes that cause hardship to organizations.

As the trade increases the importance of Marine (Cargo) Insurance has increased. It is important to cover:

• Incoming Import Cargo
• Incoming Domestic Purchases
• Export Cargo
• Domestic Sales Cargo
• Inter Branch Transfer

In many cases importers & exporters of many organization insures heavy loss due to wrong coverage.

Objectives of the Training Programme:

This training programme is very practical in nature and is case study based to provide practical understanding of risks associated with Marine (Cargo) and allied perils. The aim is to discuss and come out with solutions for difficulties faced during purchase of insurance policy, lodging and settlement of claims.

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

• Firms who purchase Marine Insurance Polices
• General Insurance Company involved in business development, selling, underwriting and managing fire insurance claims
• Insurance brokers who are most important insurance intermediary
• Surveyors who are an important link in processing/ settlement of insurance claims

Topics to be covered:

Every session will be followed by Questions/ Answers so that high level of clarity is achieved, which assists you in your career development.

• Introduction, Types of Marine Cargo Policies & Growth of Marine (Cargo) Insurance
• Relevance of Principle of Insurance for Marine Cargo
• Incoterms
• Marine Cargo Clauses
• International Trade
• Inland Transit
• Underwriting of Marine Insurance
• Important Clauses under Marine Insurance
• Critical Underwriting Aspects
• Claims Procedure – how to expedite it with real cases (Insurers/ Surveyors View Point)
• Procedural Aspects
• Case Studies on Claims
• Tips to avoid disputes in Marine Insurance Claims
• Legal Aspects/ Litigation
• Documents Associated with Marine Cargo Insurance

Who Should Attend the Training Programme (Target Participants)?

This is a good opportunity for:

• Managers/ Executives of General Insurance/ Reinsurance Companies involved in business development, selling, underwriting and management of claims
• Managers/ Risk Mangers handling purchase of insurance and lodging of claims from:
• Corporates
• Trading companies
• Manufacturing firms
• Exporters/ Importers
• Educational institutes
• Hospitals
• Hotels
• Shopping Malls / Multiplexes
• IT companies
• SME’s etc.
• Managers/ Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claim Department.
• Surveyors (members of Indian Institute of Insurance Surveyors and Loss Assessors)
• Consulting firms providing risk management services, claims management services
• Academic-Faculty members/ students specializing in Insurance planning to make career in General Insurance.

Why need for Specialized Industry Focused Training Programme on Marine (Cargo) Insurance?

Most businesses realize at the time of claim that the claim amount is not payable because proper risk assessment has not been done and right insurance policy has not been purchased with proper policy wording at the time of taking the policy. Businesses fail to realize that risk cannot be managed only by taking any insurance policy without going into depth. It is their responsibility for maintaining proper accounts to conduct the business. The insurance policy will not cover the risks associated with organization if it fails to fulfill the conditions attached to policy.

This training programme will give an opportunity to participants to interact with faculty, who have vast experience of dealing with businesses and claims worldwide. Participants will be able to learn about common mistakes that cause hardship to organizations.

As the trade increases the importance of Marine (Cargo) Insurance has increased. It is important to cover:

• Incoming Import Cargo
• Incoming Domestic Purchases
• Export Cargo
• Domestic Sales Cargo
• Inter Branch Transfer

In many cases importers & exporters of many organization insures heavy loss due to wrong coverage.

What you can expect from the Training Programme?

This training programme on Marine (Cargo) Insurance will provide the participants with comprehensive, multifunctional perspective on how to assess risk, maintain processes for risk mitigation, comply with statutory procedures on containment of risk and management of claims.

• How to get a claim payment in 60 days – Insurance client
• How to get your client’s claim settled in 60 days – Insurance Brokers
• How to complete your assignment in 30 days – Insurance Surveyor
• Managing your risk – cost effectively – Insurance client/ Managers of Insurance companies.

60 days to passing of an insurance claim is what we will focus on. Time is money, as the claims process gets extended the cost for all the stakeholders goes up. It results in financial and goodwill loss for all the stakeholders, who are involved.

Training/ Delegate Fee:

Participation fee (Including Training, Study   Materials & Lunch)

• Individual roup participant fee : 3800/- each.
• Group participation fee (team of 3 persons and above): Rs. 3400/- each.
• Group Participation fee (team of 5 persons and above) : Rs. 3200/- each

Certificate:

Certificate will be issued to the participants on Completion of this Training Programme.

Accommodation:

This is non residential Trainin Programme; however reasonable hotels/ guest houses are available in surrounding areas such as Punchsheel Enclave, Hauz Khas,  Greater Kailash & South Extension. Programme Coordinator will be ready to assist you in arranging the same (if required)

Registration can be done online at https://forms.gle/GHxnFWGPEYLwzPEC7

Why need for Specialized Industry Focused Training Programme on Risk Assessment and Fire (Property) Insurance?

Fire and allied perils are devastating for any business venture whether it is a manufacturing unit or service provider such as hospitals and hotels.

Most businesses realize at the time of claim that the claim amount is not payable because proper risk assessment has not been done at the time of taking the policy. Businesses fail to realize that risk cannot be managed only by taking insurance policy. It is their responsibility for maintaining the safe environment to conduct the business. The insurance policy will not cover the risks associated with organization if it fails to fulfill the conditions attached to policy.

This programme will give an opportunity to participants to interact with faculty, who have vast experience of dealing with businesses and claims worldwide. Participants will be able to learn about common mistakes that cause hardship to organizations.

Fire not only causes losses to organization’s assets and life but severely affects the goodwill and future growth of the organization. In many cases owner, promoter and directors face prosecutions as we have noticed in the case of fire in certain cinema halls/hospitals in the recent years in different parts of the country.

Objectives of the Training Programme:

This training programme is very practical in nature and is case study based to provide practical understanding of risks associated with fire and allied perils. The aim is to discuss and come out with solutions for difficulties faced during purchase of insurance policy, lodging and settlement of claims.

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

• Firms who purchase fire insurance polices
• General Insurance Company involved in Business Development, Selling, Underwriting and managing Fire Insurance Claims
• Insurance brokers who are most important insurance intermediary
• Surveyors who are an important link in processing/ settlement of insurance claims.

Topics to be covered:

Every session will be followed by Questions/ Answers so that high level of clarity is achieved, which assists you in your career development.

• Introduction/ Risk Assessment – Necessity
• Fire Hazards and Fire Prevention – Importance
• Underwriting/ Evaluation
• Important Clauses under fire insurance
• Perils and Add on cover
• Tips to avoid disputes in fire Insurance Claims
• Claims Procedure – how to expedite it explaining with live cases
• Legal Aspects & Procedural Aspects
• Case Studies
• Mega Projects
• Comparison of SF & SP and Bharat Laghu Udyam Policy
• Action Required at your end when major accident takes place
• Immediate action
• Set up Task Force
• Procedure
• Interaction with Surveyors/ Insurers
• Involvement of your Insurance Intermediary
• When you need Insurance Claim Consultant/ Lawyer?
• Surveyor’s Prospective
• Major Claims – which got repudiated
• Legal Aspects/ Litigation
• Business Interruption Insurance (Loss of Profit Policy). Why corporates are buying it?

Who Should Attend the Training Programme (Target Participants)?

This is a good opportunity for:

• Managers/ Risk Mangers handling purchase of insurance and lodging of claims from
• Corporates
• Trading companies
• Manufacturing firms
• Exporters/ Importers
• Educational institutes
• Hospitals
• Hotels
• Shopping Malls/ Multiplexes
• IT companies
• SME’s etc.
• Managers/ Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claim Department.
• Managers/ Executives of General Insurance/ Reinsurance Companies involved in business development, selling, underwriting and management of claims
• Surveyors (members of Indian Institute of Insurance Surveyors and Loss Assessors)
• Consulting firms providing risk management services, claims management services
• Academic-Faculty members/ students specia-lizing in Insurance planning to make career in General Insurance.

What you can expect from the Training Programme?

This executive development programme on Risk Assessment and Fire Insurance Claims will provide the participants with comprehensive, multi-functional perspective on how to assess risk, maintain processes for risk mitigation, comply with statutory procedures on containment of risk and management of claims.

• Policy terms are Important- Buy Right Product
• How to get a claim payment in 60 days – Insurance client
• How to get your client’s claim settled in 60 days – Insurance Brokers
• How to complete your assignment in 30 days – Insurance Surveyor
• Managing your risk – cost effectively – Insurance client/ Managers of Insurance companies.

60 days to passing of an insurance claim is what we will focus on. Time is money, as the claims process gets extended the cost for all the stakeholders goes up. It results in financial and goodwill loss for all the stakeholders, who are involved.

Training/ Delegate Fee:

Participation fee (Including Training, Study Materials & Lunch)

• Individual participation fee: Rs. 3800/

• Group participation fee (team of 3 persons and above): Rs. 3400/- each.

• Group participation fee (team of 5 persons and above): Rs. 3200/- each.

Accommodation:

This is nonresidential Programme; however reasonable hotels/ guest houses are available in surrounding areas such as Nehru Place, Greater Kailash I & II, Panchsheel Enclave. (Nearest Metro Station Nehru Enclave & Nehru Place) Programme Coordinator will be ready to assist you in arranging the same (if required)

Venue:

The Muse Sarovar Portico, New Delhi

Certificate:

Certificates will be issued to the participants on completion of this Training Programme.

Registration can be done online at https://forms.gle/sjo7yu8p1Z4L2Qpm6

Why the need for Specialized Industry Focused Training Programme on Emerging Risks and Liability Insurance?

In the last 20 years, profile of Indian economy has changed from basic industry and we are seeing large growth in Servicing Industry, as a result, it has become a significant player in the growth of Indian economy. IT, e-commerce, exports, project exports, acquisition of companies in foreign countries by Indian Companies or inflow of PE, VC Funding from foreign investors in Indian companies especially in Pharma, IT and e-commerce is resulting in changes in Board Room and the way in which risk is perceived and handled. These changes have ever resulted in the need for Insurance Policies as a part of Shareholders agreement being signed between Indian Promoters & Strategic Investors or PE/VC funds.

Increase in the exports of Pharma Products, Automobiles, Fully Assembled Engines and Automobile Parts in the recent years has resulted in need for Product Liability Insurance as due to quality complaint or need for recall there can be heavy liability on the Indian Manufacturers or Exporters.

We come across need for buying of D & OE insurance Policy or 3rd party liability insurance policy as a requirement clearly recorded in shareholders’ agreement. Now a day’s 3rd party liability insurance policy is required by RWA or owner of the building for getting license from Government authorities in Haryana for issuing license for operating lifts in Multistory towers.

Objectives of the Training Programme:

The Training Programme will address the following issues:

• Risk perception faced by Indian Companies & Exporters.
• Risk perception of non-executive/ independent/ female directors joining board of Indian Companies.
• D & O E Insurance: Need of modern industry.
• Legal Issues arising due to complex legal agreements among:

1. Vendors and OEM Customers.
2. Strategic Partners and Technology Providers.

• Impact of Social Media and interaction among customers/ opinion makers spread all over the world.
• Role of NGO’s.

Topics to be covered:

During this Training programme high level of clarity will be achieved by discussing the following:

• Good understanding of Risk analysis in the changed scenario.
• Need for Product Liability Insurance.
• Human resource aspects & its correlation with D&OE policy.
• D & OE/ Errors & Omissions: Need of IT Industry, BPO, KPO or E-Commerce supported by case studies within India and abroad.
• #MeToo type cases – Do we have an Insurance Coverage for such movements?
• Learnings from case studies showing the impact of Social Media/ Consumer Activists/ NGO’s/ Human Rights Groups.
• Product Recall Case Studies.

Who Should Attend the Training Programme ((Target Participants)?

This will be an opportunity for you to upgrade yourselves to handle Risk Perception due to changing requirements in the economy. This is a good opportunity for:

• Directors/ Independent Directors.
• CEO’s.
• CFO’s.
• HR Managers.
• Company Secretaries.
• Specialists handling underwriting/ business development/ claims pertaining to Liability Insurance in

1. Insurer Firms.
2. Insurance Broking Firms.

• Insurance Manager of Corporate.
• Insurance Institutes/ Academic Faculty/ Students.
• Lawyers/ Law Firms
• Academic – Faculty

What you can expect from the Training Programme?

Increasing exports is very good for Indian manufacturers/ exporters as well as our country but this also increases the responsibility of corporate as any hiccup can result in loss of image/ heavy liability in the form of penalties awarded by courts/ authorities in foreign countries and consequently loss of market share of corporate.

Multiple Laws, Regulations, Factors, Internal Policies (e.g. HR policy) are guiding your business in complex & continuously changing the business environment. Sitting in the Board of Directors meeting without understanding these requirements and need for Insurance policies is the minimum requirement from anyone to make value addition in the Board Room. In short, the participant will be adding knowledge in 7 hours for which he/she may need 95 hours of study on the Internet.

Training/ Delegate Fee:

Participation fee (Includes Training, Study Materials & Lunch)

• Individual participant fee: Rs. 4500/
• Group participation fee (team of 3 persons and above): Rs. 4250/-each.
• Group participation fee (team of 5 persons and above): Rs. 4000/-each.

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

Each participant/ delegate will get copy of books: Liability Insurance (by S K Jain & Sanjay Gupta) & 1 Cyber Attack Can Ruin You Forever (by S K Sethi).

Certificate:
Certificates will be issued to the participants on completion of this Training Programme.

Accommodation:
This is non residential Training Programme; however reasonable hotels/ guest houses are available in surrounding areas such as Panchsheel Enclave, Hauz Khas, Greater Kailash & South Extension. Programme Coordinator will be ready to assist you in arranging the same (if required).

Tailor Made Training Programme:
We will be pleased to conduct Training Programmes as per your requirement at your location. Let us know your requirement at vp@ifingo.org

Why need for Training Programme on “Insurance Claims Management”- How to Manage Claims Settlement Successfully??

Insurance Policy is a contract between Insurance Company & Insured. It is a legal document and is going to be used when the claim is lodged by the Insured. Most of the customers are ignorant about this fact and face difficulty when the claim is lodged.

In this programme we will be discussing in detail about the importance of various aspects of claims.

• Lodging of Claims
• Interaction with Insurance Companies/ Surveyors.
• Importance of accounting records
• Need for a team effort in interaction with Insurance Companies/ Insurance Surveyors

Claims to be covered in details are:

• Property (including Project, Engineering, Mega Risk) Insurance Claims
• Marine Cargo Insurance Claims
• Liability Insurance Claims
• Health Insurance Claims
• Cyber Insurance Claims
• Loss of Profit (Business Interruption) Claims
• Life Insurance Claims

Topics to be covered:

• Why need for Training Programme on “Insurance Claims Management”?
• Realize the Importance of Policy Wording. Claim settlement depends on it.
• Property, Project, Engineering and Mega Risks – Claims Case Studies & Learning
• Realize the Importance of your Team which will handle the Claims, when need arises – Procedure
• Case Studies on Health Insurance Claims
  • Retail
  • Corporate
• How to avoid repudiation of claims
• Role of Insurance Consultant in claim settlement
  • Property
  • Motor
  • Marine Cargo
  • Health
• Life Insurance Claims
  • Retail
  • Group Policies
• Frauds detected/ claims repudiated
• Claims Intricacies of  Loss of Profit (Business Interruption) Insurance
• Surveyor’s Prospective on Property/ Project/ Engineering Insurance
  supported with case studies
• Need and importance of a law firm’s assistance at the time of buying insurance, lodging claims, pending claims, repudiation/no claim
• Claims cases in Courts – Who wins & who loses?
• Major Case Studies

Who Should Attend the Training Programme (Target Participants)?
This is a good opportunity for:

• Corporates (Manufacturing/ Traders/ Exporters / Importers / Infrastructure)
• Banks/ NBFC Firms
• Claims Department Officials in Insurance Companies
• Insurance Brokerage Firms
• Surveyors Loss Assessors/ Investigators/ Detectives
• Law Firms
• Chartered Accountants
• Members from Chambers of Commerce and Industry
• Insurance Consultants

What you can expect from the Training Programme?

• Importance of process & systems in your organization
• Assets Register
• Timely additions/ Increase in Sum Assured

Some Key Take Away for Various Stake Holders will be:

• Understanding of Insurance Claims
• Legal Provisions/ Legal framework
• How insurance Companies look/ Detect frauds/ Fake/ inflated Claims

Training/ Delegate Fee:
Participation fee (Includes Training, Study Materials & Lunch)

• Individual participant fee:  3500/
• Group participation fee (team of 3 persons and above): Rs.3250/-each.
• Group participation fee (team of 5 persons and above): Rs.3000/-each

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

Certificate:
Certificates will be issued to the participants on completion of this Training Programme.

Accommodation:
This is non- residential Training Programme; however reasonable hotels/ guest houses are available in surrounding areas such as Panchsheel Enclave, Hauz Khas, Greater Kailash & South Extension. Programme Coordinator will be ready to assist you in arranging the same (if required)

Why need for Specialized Industry Focused Training Programme on Risk Assessment and Fire (Property) Insurance?

Most businesses realize at the time of claim that the claim amount is not payable because proper risk assessment has not been done at the time of taking the policy. Businesses fail to realize that risk cannot be managed only by taking an insurance policy. It is their responsibility for maintaining a safe environment to conduct the business. The insurance policy will not cover the risks associated with an organization if it fails to fulfill the conditions attached to the policy.

This programme will give an opportunity for participants to interact with faculty, who have vast experience of dealing with businesses and claims worldwide. Participants will be able to learn about common mistakes that cause hardship to organizations.

Fire not only causes losses to an organization’s assets and life but severely affects the goodwill and future growth of the organization. In many cases owner, promoter and directors face prosecutions as we have noticed in the case of fire in certain cinema halls/ hospitals in recent years in different parts of the country.

Objectives of the Training Programme:

This training programme is very practical in nature and is a case study based to provide a practical understanding of risks associated with fire and allied perils. The aim is to discuss and come out with solutions for difficulties faced during the purchase of insurance policy, lodging and settlement of claims.

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

• Firms who purchase fire insurance policies
• General Insurance company involved in business development, selling, underwriting and managing fire insurance claims
• Insurance brokers who are most important insurance intermediary
• Surveyors who are an important link in processing/ settlement of insurance claims

Topics to be covered:

Every session will be followed by Questions/ Answers so that a high level of clarity is achieved, which assists you in your career development.

• Risk Assessment – It’s a Necessity
• Fire Hazards and Fire Prevention – It’s Importance
• Underwriting:

1. Important Clauses under fire insurance
2. Perils and Add on cover

• Tips to avoid disputes in fire Insurance Claims
• Claims Procedure – how to expedite it explaining with live cases
• Legal Aspects & Procedural Aspects
• Case Studies

Who Should Attend the Training Programme (Target Participants)?

This is a good opportunity for:

• Managers/ Risk Managers handling the purchase of insurance and lodging of claims from:

1. Corporates
2. Trading companies
3. Manufacturing firms
4. Exporters/ Importers
5. Educational Institutes
6. Hospitals
7. Hotels
8. Shopping Malls/ Multiplexes
9. IT companies
10. SME’s etc.

• Managers/ Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claim Department.
• Managers/ Executives of General Insurance/ Reinsurance Companies involved in business development, selling, underwriting and management of claims
• Surveyors (members of Indian Institute of Insurance Surveyors and Loss Assessors)
• Consulting firms providing risk management services, claims management services
• Academic-Faculty members/ students specializing in Insurance planning to make a career in General Insurance.

What you can expect from the Training Programme?

This executive development programme on Risk Assessment and Fire Insurance Claims will provide the participants with comprehensive, multifunctional perspective on how to assess risk, maintain processes for risk mitigation and comply with statutory procedures on containment of risk and management of claims.

• How to get a claim payment in 60 days – Insurance client
• How to get your client’s claim settled in 60 days – Insurance Brokers
• How to complete your assignment in 30 days – Insurance Surveyor
• Managing your risk – cost-effectively – Insurance client/ Managers of Insurance companies.

60 days to the passing of an insurance claim is what we will focus on. Time is money, as the claims process gets extended the cost for all the stakeholders goes up. It results in financial and goodwill loss for all the stakeholders, who are involved.

Training/ Delegate Fee:

• Individual participant fee:  3500/-
• Group participation fee (team of 3 persons and above): 3250/-each
• Group participation fee (team of 5 persons and above): 3000/-each

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

Certificate:

Certificates will be issued to the participants on completion of this Training Programme.

Accommodation:

This is nonresidential Training Programme; however reasonable hotels/ guest houses are available in surrounding areas such as Panchsheel Enclave, Hauz Khas, Greater Kailash & South Extension. Programme Coordinator will be ready to assist you in arranging the same (if required)

Registration can be done online at https://forms.gle/KCUiZVjgB9DPjSVv6

Why need for Specialized Industry Focused Training Programme on Marine (Cargo) Insurance?

Most businesses realize at the time of claim that the claim amount is not payable because proper risk assessment has not been done and right insurance policy has not been purchased with proper policy wording at the time of taking the policy. Businesses fail to realize that risk cannot be managed only by taking any insurance policy without going into depth. It is their responsibility for maintaining proper accounts to conduct the business. The insurance policy will not cover the risks associated with organization if it fails to fulfill the conditions attached to policy.
This training programme will give an opportunity to participants to interact with faculty, who have vast experience of dealing with businesses and claims worldwide. Participants will be able to learn about common mistakes that cause hardship to organizations.

As the trade increases the importance of Marine (Cargo) Insurance has increased. It is important to cover:

• Incoming Import Cargo
• Incoming Domestic Purchases
• Export Cargo
• Domestic Sales Cargo
• Inter Branch Transfer

In many cases importers & exporters of many organization insures heavy loss due to wrong coverage.

Objectives of the Training Programme:

This training programme is very practical in nature and is case study based to provide practical understanding of risks associated with Marine (Cargo) and allied perils. The aim is to discuss and come out with solutions for difficulties faced during purchase of insurance policy, lodging and settlement of claims.

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

• Firms who purchase Marine Insurance Polices
• General Insurance company involved in business development, selling, underwriting and managing fire insurance claims
• Insurance brokers who are most important insurance intermediary
• Surveyors who are an important link in processing/ settlement of insurance claims

Topics to be covered:

Every session will be followed by Questions/ Answers so that high level of clarity is achieved, which assists you in your career development.

• Introduction, Types of Marine Cargo Policies & Growth of Marine (Cargo) Insurance
• Relevance of Principal of Insurance for Marine Cargo
• Incoterms
• Marine Cargo Clauses
• International Trade
• Inland Transit
• Underwriting of Marine Insurance
• Important Clauses under Marine Insurance
• Critical Underwriting Aspects
• Claims Procedure – how to expedite it with real cases (Insurers/ Surveyors View Point)
• Procedural Aspects
• Case Studies on Claims
• Tips to avoid disputes in Marine Insurance Claims
• Legal Aspects/ Litigation
• Documents Associated with Marine Cargo Insurance

Who Should Attend the Training Programme (Target Participants)?

This is a good opportunity for:

• Managers/ Executives of General Insurance/ Reinsurance Companies involved in business development, selling, underwriting and management of claims
• Managers/ Risk Mangers handling purchase of insurance and lodging of claims from

1. Corporates
2. Trading companies
3. Manufacturing firms
4. Exporters/Importers
5. Educational institutes
6. Hospitals
7. Hotels
8. Shopping Malls/Multiplexes
9. IT companies
10. SME’s e.t.c

• Managers/Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claim Department.
• Surveyors (members of Indian Institute of Insurance Surveyors and Loss Assessors)
• Consulting firms providing risk management services, claims management services
• Academic-Faculty members/ students specializing in Insurance planning to make career in General Insurance.

What you can expect from the Training Programme?

This training programme on Marine (Cargo) Insurance will provide the participants with comprehensive, multifunctional perspective on how to assess risk, maintain processes for risk mitigation, comply with statutory procedures on containment of risk and management of claims.

1. How to get a claim payment in 60 days – Insurance client
2. How to get your client’s claim settled in 60 days – Insurance Brokers
3. How to complete your assignment in 30 days – Insurance Surveyor
4. Managing your risk – cost effectively – Insurance client/ Managers of Insurance companies.
   60 days to passing of an insurance claim is what we will focus on. Time is money, as the claims process gets extended the cost for all the stakeholders goes up. It results in financial and goodwill loss for all the stakeholders, who are involved.

Training/ Delegate Fee:

Participation fee (Includes Training, Study Materials & Lunch)

• Individual participant fee: Rs. 3500/
• Group participation fee (team of 3 persons and above): Rs. 3250/-each.
• Group participation fee (team of 5 persons and above): Rs. 3000/-each

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

Venue:

Muse Sarovar Portico, A-1-Chirag Enclave, Near Nehru Place, New Delhi – 110048 (Nearest Metro station- Nehru Enclave)

Certificate:

Certificates will be issued to the participants on completion of this Training Programme.

Accommodation:

This is non residential Training Programme; however reasonable hotels/ guest houses are available in surrounding areas such as Panchsheel Enclave, Hauz Khas, Greater Kailash & South Extension. Programme Coordinator will be ready to assist you in arranging the same (if required)