Management of Multinational Insurance (P181211XHT)

Globalisation is now an integral part of the strategy for many businesses. Presence in territories outside their home countries gives them the desired competitive advantage, spread, diversification, and scale. While the core risks faced by these businesses remains the same, operating in different countries adds several layers of complexities due to variations in physical exposures, local laws, culture, and political climate. Mitigating all the risks in all the territories down to a consistent level poses a huge challenge for the businesses and especially their insurers and brokers.

This programme is designed to help insurers and brokers gain a robust understanding of the practice, challenges, and solutions for the creation and management of multi-national insurances. They will gain a perspective of the process of analysis of exposure for each participating territory, assessment of local limits and covers, and designing a seamless insurance programme.

Start: Monday, 29 April 2019

End: Monday, 29 April 2019

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

Early Bird before 10 April

S$ 802.50

After FTS 50% Grant

S$ 427.50

After 90% FTS Grant for 40 years old & above

S$ 132.50

Overseas Based

S$ 780

Normal Registration

S$ 963

The course fee is eligible for Skill Future Credit claims

Course Overview

Globalisation is now an integral part of the strategy for many businesses. Presence in territories outside their home countries gives them the desired competitive advantage, spread, diversification, and scale. While the core risks faced by these businesses remains the same, operating in different countries adds several layers of complexities due to variations in physical exposures, local laws, culture, and political climate. Mitigating all the risks in all the territories down to a consistent level poses a huge challenge for the businesses and especially their insurers and brokers.

This programme is designed to help insurers and brokers gain a robust understanding of the practice, challenges, and solutions for the creation and management of multi-national insurances. They will gain a perspective of the process of analysis of exposure for each participating territory, assessment of local limits and covers, and designing a seamless insurance programme.

Training Agenda

  • What is a Multinational Insurance Programme (MIP)
  • Importance of MIP for a global business
  • Structure of MIP
  • Impact of local regulations
  • Admitted and Non-admitted carriers/insurance covers
  • Role of DIC/DIL covers
  • Programme implementation and Role of Brokers
  • Key challenges in management of MIP claims
  • Key capabilities for management of MIP

For Whom

This course will be particularly useful for underwriters, brokers and business managers engaged in designing and managing multinational insurance programmes for global clients.

An Intermediate or Advanced level experience/understanding of insurance principles & practices is required.

Facilitator

Vikas Shukla

  • Vikas is a senior insurance & risk specialist and a seasoned international trainer.
  • Vikas has worked for more than 30 years in the non-life insurance industry, in managerial, senior management and consulting roles. He was Director (Underwriting, Claims & Reinsurance) for RSA Group in the Middle East (for Bahrain and Saudi Arabia) prior to co-founding TON Training and Business Consultancy (UAE) and assuming charge of Executive Director.
  • He has worked with businesses and teams across the world, on a wide variety of assignments encompassing, Reinsurance, Insurance Risk, Multinational Business, Claims, Product Development and Governance.
  • Vikas has designed and delivered training programmes and workshops for audiences from across the world. His training sessions are built around his deep understanding of the general insurance business and experience of global best practices, accummulated over the past 3 decades.