Tag: Training

Why the need for Specialized Industry Focused Programme on Crop Insurance?

Agriculture is the backbone of the Economy of any country. A large number of farmers are engaged in agriculture production and are a significant contributor to the GDP of any country. They need to be insured so that we can strengthen the economy of the country.

Bangladesh is no exception. Agriculture is one of the major driving forces of the economy of Bangladesh. In the FY 2017-2018, the contribution of agriculture in our national GDP was 13.75%. Moreover, 45% of the population directly dependent on agriculture for their earning.

Changing climate plays a very important role in agriculture business. Bangladesh is one of the most vulnerable countries when it comes to climate change. Due to such weather changes damages of crops and the sufferings of farmers are in describable.

This Extensive International Training Programme on Crop Insurance is being organized, where we will have an International Faculty. All aspects of crop insurance will be covered under this program. The participants will be coming from various countries:

ASEAN	SAARC
Myanmar	Afghanistan
Thailand	Bangladesh
Philippines	Bhutan
Malaysia	Maldives
Cambodia	India
Singapore	Nepal
Indonesia	Pakistan
Vietnam	Sri Lanka
Laos

Objectives of the Programme

This unique training program will introduce participants to principles, techniques, and infrastructure of agricultural risk insurance with examples from different countries. After the training the beginners will be able to start operating with agricultural risk, the professional will deepen their knowledge and skills in this area. Participation in the training might improve the insurer’s performance in agricultural insurance and expand the business volume.

Topics to be covered

• Risks in agricultural production
• Risk management techniques
• Farm as a social entity
• Types of agricultural insurance
• Adopted practices in agricultural insurance worldwide
• Insurer infrastructure for agri insurance.
• Portfolio management
• Principles of underwriting, data collection, risk pricing
• Loss adjustment principles and techniques
• Agricultural insurance markets
• Agricultural reinsurance
• Innovative technologies in field monitoring, loss adjustment, MISes

Who Should Attend the Training Programme (Target participants)

This is a good opportunity for

• Managers and employees of insurance and reinsurance companies
• Senior officials of state Government handling Crop Insurance
• Weather Forecasting companies
• Meteorological Departments
• Brokers, Aggregators, Intermediaries engaged in insurance distribution
• NGOs/ INGOs, Development Organisations, Donor Organisations
• Consultants/Advisors
• Students of agricultural universities
• Companies engaged in crop cutting experiments/claim surveyors
• Product/service providers/Banks/MFIs providing agricultural finance/loans
• Managers and employees of government bodies (e.g. Ministry of Agriculture)
• Insurance and Finance Regulatory Organisations
• Personnel from Print and Electronic media engaged in covering Agri-Business

What can you Expect from the Programme?

This training Programme on Crop Insurance will provide the participants with a comprehensive, multi-functional perspective on principles involved in crop insurance. This training will provide an opportunity to listen to experts from not only within the country but also from foreign countries. The national and international participants together at a single platform stands
with a better opportunity to interact and get evolved.

Eminent Faculty Conducting this Training Programme:

Dr. Olena Sosenko at present is an independent Consultant at Zurich, Switzerland. Her 22 years of career experience has taken her through many prestigious positions of Consultant, Trainer, Analyst, Creator, Project and Team Manager, Management Advisor, Risk Manager.

She is well qualified and trained person. She holds her Doctorate Degree from Institute of Plant Protection, Ukraine and Diploma MSc Biology (with distinction) from Taras Shevchenko National University, Kyiv. She is Specialist in Biology fromKiev National University, Ukraine

Dr. Olena has a wide experience working with

Company Name	Designation	Location
Alianz Re	Senior Agricultural Underwriter	Zurich, Switzerland
SCOR Reinsurance	Senior Agricultural Underwriter	Winterthur, Switzerland
Primacy Underwriting Agency(Agricultural Insurance)	Technical Manager	Sydney, Australia
Credo-Classik (now Uniqa)	Head of Agricultural Department	Kyiv, Ukraine
Oranta	Head of the agricultural department	Kyiv, Ukraine
Ochadmarket	Director of executive department	Kyiv, Ukraine
Rolikon	Deputy director, subsidiary manager	Kyiv and Chernihiv Oblast, Ukraine

Her Supplementary Collaborations

• Australian Government Department of Primary Industry
• Private website www.agroinsurance.com
• “Balance-Agro”, the Ukrainian magazine for agro managers and accountants
• “Organizing of insurance products’ trading”, the Russian magazine for banks and insurance companies
• The World Bank
• Center for Ukrainian reform education (CURE) – international charitable organization (grants from USAID)
• The European Commission (Project on Agro risk management)
• The International Financial Corporation (Project on Agro development)

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

For Bangladeshi Participants:

• For Bangladeshi Participants: BDT 16,000 per participant.
• A discount of 10% for 2-4 participants and 20% for 5 and above participants from one organization. Students – BDT 10,000 per student.

Bangladesh Participants can transfer the fee at:
Beneficiary: Professional Advancement Bangladesh Limited
Bank Name: Mercantile Bank Limited
Bank Address: 51-52, Mohakhali C/A, Dhaka-1212, Bangladesh
Bank Account No: 111313101700868
Swift Code: MBLBBDH

Foreign & Indian Participants:

• For Foreign Participants: US$ 300 per participant.
• For Indian Participants: INR 14000 per participant.

Foreign & Indian Participants can transfer the fee at:
Beneficiary: Insurance Foundation of India
Bank Name: Bank of Baroda
Bank Address: East of Kailash Branch, East of Kailash, New Delhi – 110065, India
Bank Account No: 09630100010847
IFSC/ NEFT Code: BARB0KAIDEL

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

Accommodation:

This is non-residential Training Programme; however good hotels are available around Six Seasons Hotel, Dhaka. 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.

Sponsorship Requests:

We will be pleased to discuss sponsorship proposals. Reach us at vp@ifingo.org

Why need for Specialized Industry Focussed Training Programme on Engineering Insurance?

Most businesses realize at the time of claim that the claim amount is not payable because proper risk assessment was not 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 the responsibility of Insured 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.

The rapid industrialization of our country has led to increasing use of machines in industry. We know that use of modern/ advanced/ electronically controlled machinery results in increased/ quality production output. We also realize that despite proper care and maintenance of machinery, in the event of mishap, accident and breakdowns may yet occur and in generally the extent of damage will be quite high and may also lead to fatal or non‐fatal injuries to human beings nearby which can be potential sources of financial loss and could even result in the closure of business.

In any large manufacturing project Engineering insurance is having high focus because Breakdown of Machinery/ Electronic Equipment (many a times having imported equipment) can result in time taken for import/ procurement of parts/ need specialist engineers to set it right and during this period production may be affected. This necessitates importance of Engineering Insurance with focus on:

• Machinery Breakdown (MBD) Insurance
• Electronic Equipment Insurance (EEI)
• Steam Pressure Vessel Material Damage Policy
• Loss of Profit (Consequential Loss)
• Business Interruption

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.

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 Machinery/ Production loss. The aim is to discuss and come out with solutions for issues 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 Engineering Insurance Polices
• General Insurance company involved in business development, selling, underwriting and managing Engineering Insurance Claims
• Insurance brokers who are most important insurance intermediary
• Surveyors who are an important link in processing/ settlement of high value 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.

• Risk Assessment – Necessity
• Underwriting/ Evaluation
  1. Important Clauses under Engineering Insurance
  2. Perils and Add on cover
  3. Machinery Breakdown (MBD) Insurance
  4. Electronic Equipment Insurance (EEI)
  5. Steam Pressure Vessel Material Damage Policy
• Claims Procedure – how to expedite it with real cases (Insurers/ Surveyors View Point)
  1. Procedural Aspects
  2. Case Studies on Claims
• Tips to avoid disputes in high value Engineering Insurance Claims
• Legal Aspects/ Litigation
• Loss of Profit (Consequential Loss)
• Business Interruption

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. Manufacturing firms
  3. Educational institutes
  4. Hospitals
  5. Hotels
  6. Shopping Malls/ Multiplexes
  7. IT companies
  8. SME’s etc.
• Managers/ Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claims 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 Engineering 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 (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.

Accommodation:

This is non-residential Training Programme; however reasonable hotels/ guest houses are available in surrounding areas such as Hauz Khas, Panchsheel Enclave, Greater Kailash & South Extension. 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.

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
  1. Corporates
  2. Trading companies
  3. Manufacturing firms
  4. Exporters/ Importers
  5. Infrastructure Companies
  6. Hospitals
  7. Hotels
  8. Exhibitors
  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 registration 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 Hauz Khas, 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 Fasal Bima?

Agriculture is the backbone of the Indian Economy. Millions of farmers are engaged in agriculture production and are a major contributor to the GDP of the country

Crop Insurance under the name of Pradhan Mantri Fasal Bima Yojna has been one of the best initiatives in the recent years. This has been introduced to take care of the miseries faced by farmers due to the natural calamities

All of us agree that achievements have been great but lot has to be achieved in the coming decade so that all

• Agricultural Crops
• Cash Crops
• Horticulture Crops

Are insured, so that we can strengthen the economy of the country.

This Extensive International Training Programme on Crop Insurance is being organized, where we will have International Faculty.  All aspects of crop insurance will be covered under this program. The participants will be coming not only from India but also from various foreign countries in SAARC, ASEAN, South Asian & African countries.

Objectives of the Training Programme

This unique training program will introduce participants to principles,techniques and infrastructure of agricultural risk insurance with examples from different countries. After the training the beginners will be able to start operating with agricultural risk, the professional will deepen their knowledge and skills in this area. Participation in the training might improve the insurers performance in agricultural insurance and expand the business volume

Topics to be covered

• Risks in agricultural production
• Risk management techniques
• Farm as a social entity
• Types of agricultural insurance
• Adopted practices in agricultural insurance worldwide
• Insurer infrastructure for agri insurance. Portfolio management
• Principles of underwriting, data collection, risk pricing
• Loss adjustment principles and techniques
• Agricultural insurance markets
• Agricultural reinsurance
• Innovative technologies in field monitoring, loss adjustment, MISes

Who Should Attend the Training Programme (Target participants)

This is a good opportunity for

• Managers and employees of insurance and reinsurance companies
• Senior officials of state Government handling Fasal Bima
• Weather Forecasting companies
• Brokers
• Consultants
• Students of agricultural universities
• Companies engaged in crop culture exercise/ claim surveyors
• Product/ service providers/ Banks providing agricultural finance/ loans
• Managers and employees of government bodies (eg Ministry of Agriculture)

What can you Expect from the Training Programme?

This training Programme on Crop Insurance will provide the participants with comprehensive, multi functional perspective on principles involved in crop insurance. This will provide an opportunity to listen to experts from not only within the country but also from foreign countries. The national and international participants together at a single platform, stands with a better opportunity to interact and get evolved.

Eminent Faculty Conducting this Training Programme:

Dr. Olena Sosenko at present is an independent Consultant at Zurich, Switzerland. Her 22 years of career experience has taken her through many prestigious positions of Consultant, Trainer, Analyst, Creator, Project and Team Manager, Management Advisor, Risk Manager.

She is well qualified and trained person. She holds her Doctorate Degree from Institute of Plant Protection, Ukraine and Diploma MSc Biology (with distinction) from Taras Shevchenko National University, Kyiv. She is Specialist in Biology fromKiev National University, Ukraine

Dr. Olena has a wide experience working with

Company Name	Designation	Location
Alianz Re	Senior Agricultural Underwriter	Zurich, Switzerland
SCOR Reinsurance	Senior Agricultural Underwriter	Winterthur, Switzerland
Primacy Underwriting Agency(Agricultural Insurance)	Technical Manager	Sydney, Australia
Credo-Classik (now Uniqa)	Head of Agricultural Department	Kyiv, Ukraine
Oranta	Head of the agricultural department	Kyiv, Ukraine
Ochadmarket	Director of executive department	Kyiv, Ukraine
Rolikon	Deputy director, subsidiary manager	Kyiv and Chernihiv Oblast, Ukraine

Her Supplementary Collaborations

• Australian Government Department of Primary Industry
• Private website www.agroinsurance.com
• “Balance-Agro”, the Ukrainian magazine for agro managers and accountants
• “Organizing of insurance products’ trading”, the Russian magazine for banks and insurance companies
• The World Bank
• Center for Ukrainian reform education (CURE) – international charitable organization (grants from USAID)
• The European Commission (Project on Agro risk management)
• The International Financial Corporation (Project on Agro development)

Inaugural Session will be chaired by Dr. Ashish Bhutani, Chief Executive Officer, Pradhan Mantri Fasal Bima Yojna, Ministry of Agriculture, Govt. of India

Training/ Delegate fee:

For India:
Participation fee (Includes Training, Study Materials & Lunch)

• Individual participant fee: Rs. 8000/
• Group Participation fee(Team of 3 persons and above): Rs 7500/ (Per Participant)
• Group Participation fee(Team of 5 persons and above): Rs 7000/ (Per Participant)

International:
Individual Participant Fee: US$ 200

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)

Certificate:

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

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.

Sponsorship Requests:

We will be pleased to discuss sponsorship proposals. Reach us at vp@ifingo.org

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 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 Multi story towers.

Objectives of the Training Programme:

The Training Programme will address 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 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 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 to 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 can you Expect from the Training Programme?

Increasing  exports is very good for Indian manufacturers/ exporters as well as our country but this also increases 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 business environment. Sitting in the Board of Directors meeting without understanding these requirements and need for Insurance policies is the minimum requirement from any one to make a value addition in the Board Room. In short participant will be adding knowledge in 7 hours for which he/she may need 95 hours of study on Internet.

Why the need for Specialized Industry Focused Training Programme on Insurance Frauds – How to Control it?

Insurance Frauds is a worldwide phenomenon. According to “Coalition Against Insurance Fraud” (a leading organization of USA) estimates Insurance Industry in USA is losing $80 billion a year across all lines of insurance. Estimates by India Forensic Research are that in our country this figure is in the range of Rs 45000 Crores per year and is increasing at a rapid pace. In other words, in India on an average every insurance company loses 8.5% of its revenues to the frauds. This means that the profit of insurance companies is being eaten up by various persons, many are connected with this Industry directly, many are clients and then there are large numbers of criminals. Indian Government, IRDA (The Regulator), many other Government Agencies and all Insurance Companies are anxious to bring Insurance Frauds under control so that the benefits in the form of reduced premium, higher profits, and higher tax revenue to the Government can be utilized for the growth of the Indian Economy.

Fraud can occur at any stage of an insurance transaction. Various stakeholders who may be connected with Insurance frauds are:

• Insurer Employees
• Insurance Intermediates and their employees
  1. Insurance Brokerage Firm
  2. Insurance Marketing Firm
  3. Corporate Agents
  4. Agents
  5. Web Aggregators
• Insurance Surveyors & Loss Assessors
• Service providers to Insurance Companies
  1. Automobiles Workshops
  2. Health Care providers
  3. Third Party Administrators
• Insurance Clients (Corporates as well as Individuals)
• Criminals in association with anti-social elements

Objectives of the Training Programme:

For insurance frauds to be proactively addressed, insurers must train their staff in identifying the proposals, which give scent of fraud. The interaction among the stakeholders who will be present will result in interaction (high focus on questions & answers) so that they can understand.

• How Insurance Frauds are being committed in India/ World?
• Why top management should give due importance to screening at proposal stage so that watch is kept at fraud at every level – i.e. issue of policy to Claim Settlement?
• Use of Forensic Science/ Modern Technologies/ Data Analytics as a necessity to track and blacklist fraudsters
• Measures by the Surveyors to detect and identify characteristics that distinguish fraudulent claims from valid claims
• Roles and responsibilities of management and staff in proactively reducing fraud, through prevention and controls.
• Periodic reporting requirements to the regulator (IRDAI)

Topics to be covered:

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

• Insurance Frauds in the world and in India
• Case Studies of Insurance Frauds in India
  1. Motor
  2. Health
  3. Life
  4. Marine
• Case Studies on Insurance Frauds across the world
• How Forensic Science/ Modern Technologies/ Data Analytics being used in Insurance Fraud Detection?
• Legal Perspective about IPC: Is it capable of controlling the Insurance Frauds
• Need for new Law to control the Insurance Frauds in 21st Century
• What needs to be done for:
  1. India needs Insurance Fraud Control Act
  2. Formation of Statuary Body to collect data/ disseminate Insurance Frauds data
  3. Sharing of data of fraudulent people and cases centrally and on All India basis on real time basis and that too at low cost
  4. Is there role of Aadhaar/ PAN card in fraud Detection?

Who Should Attend the Training Programme (Target Participants)?

This Training program is a good opportunity for:

• Insurance Company’s Senior Management/ Managers responsible for Business Strategy/ Fraud Control/ Claim settlement
• Finance, Audit, Internal Audit and Legal staff who support insurance practitioners in keeping watch on frauds
• Managers involved in the strategic overview of how to approach risk, fraud within the organization.
• Insurance Surveyors & Loss Assessors
• Third party Administrators and other Service Providers
• Insurance Brokerage Firms/ Corporate Agents/ Agents
• Law Firms

What you can expect from the Training Programme?

This training programme on Insurance Frauds Control will provide the participants with comprehensive, multifunctional perspective on how to:

• Assess risk; comply with statutory procedures on management of claims while keeping an eye on Frauds.
• To set, promote, monitor and enforce high standards of integrity, financial soundness, fair dealing and competence of those it regulates
• To bring about speedy and orderly growth of the Indian Insurance Industry for the benefit of the common man/ Insurer/ Intermediates and to provide long term funds for accelerating growth of the economy
• To ensure speedy settlement of genuine claims, to prevent insurance frauds and other malpractices and put in place effective Grievance Redressal Mechanism
• Need For “Insurance Frauds Control Act”.
• How we should reach Law Ministry, Government of India to initiate this process?

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.3000/-each.
• Group participation fee (team of 10 persons and above): Rs.2750/-each

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

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.

Note:

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

Why need for Specialized Industry Focused Training Programme on Employee Benefits?

The challenge before any growing corporate in today’s competitive world is:

• How to attract the right talent?
• How to retain star performers?
• How to keep attrition level within reasonable limits?

One of the easiest solutions suggested is “Increase CTC” Package. The reality is that some Corporates (Business Houses) attract right talent with lower CTC package where else some with high CTC Package find difficulty in:

• Attracting right talent in the first instance
• Retaining star performers
• Are affected by high attrition rate at senior level

One of the important parameters on which the corporates can be differentiated is “Is importance given to Employee Benefits?” This leads us to the question” How to manage Employee Benefits? ” Well, the answer is provided by many Insurance companies which provide the products under the following names:

• Group Life (Term) Insurance
• Key man Insurance
• Leave Encashment Policy
• Group Gratuity Insurance
• Group EDLI Insurance
• Group Personal Accident Insurance
• Workmen Compensation Insurance Policy
• Group Health Insurance (Mediclaim Policy)

Some of these benefits have good implication of Tax Planning/ long team perspective for the employees which results in qualitative form the following:

• Employee building up loyalty to the corporate
• Has high morale, which means he turns/ emerges as a star performer

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 Employee Benefits. 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 Employee Benefits. 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. Tax implications will be given due importance.

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

• Firms who purchase Group Term Insurance Policies/ Group Health or invest in Group Gratuity Fund.
• Insurance companies involved in business development, selling, underwriting and managing products which are being sold to corporate.
• Insurance brokers who are most important insurance intermediary
• Tax consultants/ Consulting Companies, who are advising clients in designing/ compensation package in detail.

Topics to be covered:

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

• Importance of Employee Benefits in designing of Employee CTC package.
• Understanding of following, Important Clauses under:
  1. Group Life (Term) Insurance
  2. Key man Insurance
  3. Leave Encashment Policy
  4. Group Gratuity Insurance
  5. Group EDLI Insurance
  6. Group Personal Accident Insurance
  7. Workmen Compensation Insurance Policy
  8. Group Health Insurance (Mediclaim Policy)
• Claims Procedure – how to expedite it by keeping in mind the Procedural Aspects of Insurers. This will be supported with Case Studies.
• Taxation/ Legal Aspects/ Litigation
• Future Trends in Employee Benefits

Who Should Attend the Training Programme (Target Participants)?

This is a good opportunity for:

• HR Heads/ Managers/ Executives of corporates: who are involved in hiring/ negotiating with potential employees the amount/ details of compensation package.
• Managers/ Risk Mangers handling purchase of insurance policies and lodging of claims on behalf of:
  1. Corporates
  2. IT companies
  3. Manufacturing firms
  4. Educational institutes
  5. Hospitals
  6. Hotels
  7. BPO’s/ KPO’s
  8. SME’s etc.
  9. High Level Research Labs
• Directors – Compensations Committee (listed Companies)
• Managers/ Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claims Department.
• Consulting firms providing services to HR Department
• Academic-Faculty members/ students specializing in HR

What you can expect from the Training Programme?

This training programme on Employee benefits Insurance will provide the participants with comprehensive, multifunctional perspective on how to understand details of specific Insurance products as an integral part of Employee’s CTC Package

Traning/ Delegate Fee:

Participation fee (Includes Training, Study Materials & Lunch)

Individual participant fee: Rs. 4000/

Group participation fee (team of 5 persons and above): Rs. 3600/- each.

Group participation fee (team of 10 persons and above): Rs. 3200/- each.

Note:

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

Why need for Specialized Industry Focussed Training Programme on Engineering Insurance?

Most businesses realize at the time of claim that the claim amount is not payable because proper risk assessment was not 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 the responsibility of Insured 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.

The rapid industrialization of our country has led to increasing use of machines in industry. We know that use of modern/ advanced/ electronically controlled machinery results in increased/ quality production output. We also realize that in spite of proper care and maintenance of machinery, in the event of mishap, accident and breakdowns may yet occur and in generally the extent of damage will be quite high and may also lead to fatal or non‐fatal injuries to human beings nearby which can be potential sources of financial loss and could even result in the closure of business.

In any large manufacturing project Engineering insurance is having high focus because Breakdown of Machinery/ Electronic Equipment (many a times having imported equipment) can result in time taken for import/ procurement of parts/ need specialist engineers to set it right and during this period production may be affected. This necessitates importance of Engineering Insurance with focus on

• Machinery Breakdown (MBD) Insurance
• Electronic Equipment Insurance (EEI)
• Steam Pressure Vessel Material Damage Policy
• Loss of Profit (Consequential Loss)
• Business Interruption

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.

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 Machinery/ Production loss. The aim is to discuss and come out with solutions for issues 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 Engineering Insurance Polices
• General Insurance company involved in business development, selling, underwriting and managing Engineering Insurance Claims
• Insurance brokers who are most important insurance intermediary
• Surveyors who are an important link in processing/ settlement of high value 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.

• Risk Assessment – Necessity
• Underwriting/ Evaluation
  1. Important Clauses under Engineering Insurance
  2. Perils and Add on cover
  3. Machinery Breakdown (MBD) Insurance
  4. Electronic Equipment Insurance (EEI)
  5. Steam Pressure Vessel Material Damage Policy
• Claims Procedure – how to expedite it with real cases (Insurers/ Surveyors View Point)
  1. Procedural Aspects
  2. Case Studies on Claims
  3. Tips to avoid disputes in high value Engineering Insurance Claims
  4. Legal Aspects/ Litigation
  5. Loss of Profit (Consequential Loss)
  6. Business Interruption

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
• Manufacturing firms
• Educational institutes
• Hospitals
• Hotels
• Shopping Malls/ Multiplexes
• IT companies
• SME’s etc.
• Managers/ Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claims 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 Engineering 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.

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.3200/-each.
• Group participation fee (team of 10 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.

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
• ncoming 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
  1. International Trade
  2. Inland Transit
• Underwriting of Marine Insurance
  1. Important Clauses under Marine Insurance
  2. Critical Underwriting Aspects
• Claims Procedure – how to expedite it with real cases (Insurers/ Surveyors View Point)
  1. Procedural Aspects
  2. 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:

1. Managers/ Executives of General Insurance/ Reinsurance Companies involved in business development, selling, underwriting and management of claims
2. 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 e.t.c
3. Managers/ Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claim Department.
4. Surveyors (members of Indian Institute of Insurance Surveyors and Loss Assessors)
5. Consulting firms providing risk management services, claims management services
6. 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.

• 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.

Traning/ Delegate Fee:

Participation fee (Includes Training, Study Materials & Lunch)

• Individual participant fee:  2500/
• Group participation fee (team of 5 persons and above): Rs.2250/-each.
• Group participation fee (team of 10 persons and above): Rs.2000/-each

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