Contractors’ All Risk Insurance (P171212YAJ)

Insurance executives will gain a comprehensive understanding of CAR policy cover, exceptions and conditions including proper drafting of common extension clauses. Participants will learn how to structure a CAR cover including the underwriting and pricing process, through a series of real-life case studies.

Date 21 and 22 February 2019

Start: Thursday, 21 February 2019

End: Friday, 22 February 2019

09:00 AM - 17:00 PM
Training Venue : To Be Advised

Early Bird before 01 February

S$ 1,391

After FTS 50% Grant

S$ 741

After 90% FTS Grant for 40 years old & above

S$ 221

Overseas Based

S$ 1,330

Normal Registration

S$ 1,605

The course fee is eligible for Skill Future Credit claims

Course Overview

Insurance executives will gain a comprehensive understanding of CAR policy cover, exceptions and conditions including proper drafting of common extension clauses. Participants will learn how to structure a CAR cover including the underwriting and pricing process, through a series of real-life case studies.

Date 21 and 22 February 2019

Training Agenda

 Marketing of CAR insurance and its proper arrangement including annual open cover

 Stages of a contract

 Concepts and principles relating to CAR insurance

 Parties involved in CAR insurance

 Basis of sums insured

 Premium adjustment procedure

 Structure of CAR policy and its variations in the market

 Understanding general exclusions and conditions, specific exclusions under material damage and third party liability sections

 CAR clauses – their purpose and the implications of drafting through a detailed review of numerous clauses including the rule of contra proferentum.

 Handling principal existing property

 Variations of design and maintenance covers

 Essential general underwriting considerations and pricing

 Risk exposures

For Whom

 For executives who have at least six months of experience in marketing, underwriting, and broking CAR insurance or handling CAR claims

 For current practitioners who wish to gain a fresh perspective on CAR insurance

Facilitator

Chua Kim Kiat

(KK Chua)

 

  • Mr Chua is an experienced senior underwriter involved in handling engineering accounts in Asia.
  • He is a diligent training facilitator who has been training for the insurance industry , specialising in engineering and construction insurance.
  • He is a Chartered Insurance Practitioner and has also acted as an expert witness in court for construction insurance arbitration.