The Asian Insurance market has traditionally been property focussed and liability and casualty lines have largely remained under developed. Heightened public awareness is leading to stringent legal liability regimes, as Singapore and other countries expand their laws on corporate governance and Tortuous Liabilities
Commercial Crime; CGL & Financial Liability Policies are comparatively new and are rapidly gaining importance in the market with Insured’s seeking appropriate insurance protection. This then involves a clear understanding of the Policy coverages, exclusions & buybacks.
While all Insurance Companies or Broking Houses routinely deal with requests for such coverages, the quality of product or the ability to write these policies with expertise and with the aim of profitable book building is mostly absent.
It is thus imperative that General Insurance Professionals be familiar not only with the Policy wordings; terms & conditions but also understand the “language” commonly used in this space.
The Facilitator’s classroom delivery will concentrate not only on theoretical aspects, but underwriting nuances of these complex policies will be presented with a number of practical examples; claim incidents & rating methodologies
Real Life Case Discussions will be used to reinforce the theoretical discussions had in the above modules such that participants are able to relate their learnings to actual live cases which they will handle upon return to their offices.