Course Overview
This training course provides a comprehensive understanding of marine insurance, covering key principles, policies, risk assessment, claims handling, and legal frameworks. Participants will gain insights into underwriting practices, loss prevention, and emerging trends in the maritime insurance sector.
Course Duration
5 Days
Target Audience
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Marine underwriters and insurance professionals
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Shipping companies and logistics operators
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Risk managers in maritime industries
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Claims handlers and loss adjusters
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Legal and regulatory professionals in insurance
Personal Impact
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Gain a solid foundation in marine insurance principles and practices
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Develop expertise in underwriting and risk assessment for marine policies
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Learn effective strategies for claims management and fraud prevention
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Understand legal and regulatory requirements in marine insurance
Organizational Impact
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Enhanced risk mitigation strategies for maritime businesses
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Improved claims handling efficiency and fraud detection
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Compliance with international marine insurance regulations
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Better financial planning and protection for shipping operations
Course Outline
Course Objectives
By the end of this course, participants will be able to:
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Understand key principles and policies of marine insurance
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Assess risks associated with marine transportation and cargo
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Navigate legal and regulatory aspects of marine insurance
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Effectively manage claims and dispute resolution in marine insurance
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Utilize technology and data analytics in marine insurance underwriting
Course Modules
Course Outline
Module 1: Introduction to Marine Insurance
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History and evolution of marine insurance
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Key principles and types of marine insurance policies
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Marine insurance market structure and key players
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Case study: Role of marine insurance in global trade
Module 2: Marine Underwriting and Risk Assessment
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Underwriting principles in marine insurance
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Assessment of risks in shipping and cargo transportation
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Factors affecting marine insurance premiums
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Case study: Evaluating risk in high-seas transportation
Module 3: Claims Management in Marine Insurance
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Types of marine insurance claims (hull, cargo, liability)
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Claims assessment, processing, and settlement procedures
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Fraud detection and prevention in marine insurance claims
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Case study: Handling a complex marine insurance claim
Module 4: Legal and Regulatory Frameworks in Marine Insurance
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International conventions and marine insurance regulations
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Liability and dispute resolution in marine insurance
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Role of P&I Clubs (Protection and Indemnity Insurance)
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Case study: Legal implications of a maritime insurance dispute
Module 5: Emerging Trends and Technologies in Marine Insurance
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Digital transformation in marine insurance (blockchain, AI, big data)
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Climate change and its impact on marine risk assessment
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The role of InsurTech in modern marine insurance practices
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Case study: Technology-driven solutions in marine underwriting
Related Courses
Course Administration Details
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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