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

Intended for

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

Course Content

  • Day 1

    • Concept of Engineering Insurance
    • Contractors All Risks (CAR):
      • Coverage, Conditions & Exclusions
      • Cation Form
      • Writing Factors
      • CAR Claims Handling
    • Erection All Risks (EAR):
      • Coverage, Conditions & Exclusions
      • Application form
      • Underwriting Factors
      • EAR Claims handling
  • Day 2

    • Machinery Breakdown (MB):
      • Coverage, Conditions & Exclusions
      • Application form
      • Underwriting Factors
      • MB Claims handling
    • Contractors Plant & Machinery (CPM):
      • Coverage, Conditions & Exclusions
      • Application form
      • Underwriting Factors
      • CPM Claims handling
  • Day 3

    • Deterioration Of Stock (DOS):
      • Coverage, Conditions & Exclusions
      • Application form
      • Underwriting Factors
      • DOS Claims handling
    • Electronic Equipment (EE):
      • Coverage, Conditions & Exclusions
      • Application form
      • Underwriting Factors
      • EE Claims handling
  • Day 4

    • Reinsurance for Engineering Insurance
    • Conditions & Exclusions of Engineering treaties
    • Underwriting Capacity
  • Day 5 - Workshop

    • Morning: Underwriting workshop
      • Using real-life risk proposals
      • Reviewing Underwriting guidelines
      • 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
    • 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
    • Final assessment (optional).
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