Engineering Insurance - Foundation Arab Insurance Institute
Price: USD 1,000
  • Duration: 5 Days

Course details

This course provides a thorough understanding of Engineering insurance underwriting, claims handling and reinsurance.
SUITABLE FOR: 

Middle and Senior Managers, Reinsurance Managers, Departments Managers & Engineering Department employees, Claims personnel and Property underwriters.

COURSE OUTLINE: 

DAY 1:

Introduction

 Concept of Engineering Insurance.

 Contractors All Risks(CAR):

  • Coverage, Conditions & Exclusions.
  • Application form.

Coffee-break

  • Underwriting Factors
  • CAR Claims handling.

Lunch

 Erection All Risks (EAR):

  • Coverage, Conditions & Exclusions.
  • Application form
  • Underwriting Factors
  • EAR Claims handling.

resume and feedback.

DAY 2:

Introduction (Day 2 goals)

Machinery Breakdown (MB):

  • Coverage, Conditions & Exclusions.
  • Application form.

Coffee-break

  • Underwriting Factors
  • MB Claims handling

Lunch

Contractors Plant & Machinery(CPM):

  • Coverage, Conditions & Exclusions.
  • Application form.
  • Underwriting Factors
  • CPM Claims handling.

resume and feedback

DAY 3

Introduction

Deterioration Of Stock (DOS):

  • Coverage, Conditions & Exclusions.
  • Application form.

Coffee-break

  • Underwriting Factors.
  • DOS Claims handling.

Lunch

Electronic Equipment (EE):

  • Coverage, Conditions & Exclusions.
  • Application form.
  • Underwriting Factors.

resume and feedback.

DAY 4:

Introduction

  • Reinsurance for Engineering Insurance.

Coffee-break

  • Reinsurance for Engineering Insurance (cont.)
  • Conditions & Exclusions of Engineering treaties

Lunch

  • Underwriting Capacity

resume and feedback.

DAY 5:WORKSHOP

Morning: Underwriting workshop

Introduction (workshops goals)

  • Using real-life risk proposals:
  • Reviewing Underwriting guidelines

Coffee-break

  • Participants will work in groups, issuing suitable policies from a variety of completed proposal forms
  • Discussions about the policies provided by groups and guide them at the end with the appropriate solutions and policy wordings.

Lunch

Afternoon: Claims workshop

  • Briefly describe Engineering claims handling process.
    Using practical real life cases participants will work in groups to discuss options for settlement of the following claims:
  • Two Contractor All Risks Claims Cases.
  • CAR liability Claim Case.
  • Deterioration of Stock Claim case.

Workshops resume and feedback.

Updated on 08 November, 2015

About Arab Insurance Institute

Created under the umbrella of the GAIF – General Arab Insurance Federation and owned by 40+ shareholders from insurance-related organizations from across the Arab world, The Arab Insurance Institute is an independent organization providing training and education to insurance-related organizations and inpiduals across Middle-East, Gulf and North Africa.

their ctheirses and programmes are designed to support people from all disciplines in, or associated with, the insurance industry, both general and life; insurance and reinsurance providers, insurance brokers, loss adjusters, and insurance departments in other business sectors. The range of ctheirses is constantly expanding in response to demand.

As experienced insurance practitioners and business leaders they know that in order to improve performance at work, training needs to develop practical skills as theyll as theoretical knowledge. To achieve this they bring together academic research, practical advice and guidance, professional development and rigorous standards to enhance technical competence and business capabilities. This is good for business, for society at large, and good for people's working lives.

they combine of face-to-face delivery with the latest methods in technology-enabled learning, appropriate to the topic and programme requirements. Ctheirses are offered across the region, some from their permanent sites and others from temporary venues. their trainers are insurance practitioners and/or specialists in their field.

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