Project Insurance And Contractors Plants & Machinery Insurance (P191216ZNC)

  • At the end of the two day program, participants will gain a deep understanding of the Coverage’s, Exclusions, Conditions and Clauses of Contractors All Risk Insurance and Contractors Plant & Machinery Insurance.
  • Real Life Cases will be discussed to highlight the importance of some of the problem clause wordings and how they can affect the claim payment.

Start: Thursday, 17 September 2020

End: Friday, 18 September 2020

09:00 AM - 17:00 PM
Virtual Training

Early Bird before 17 August

S$ 856

After FTS 95% Grant

S$ 96 Net to IG (incl. of $56 GST)

Overseas Based

S$ 830

Normal Registration

S$ 909.50

The course fee is eligible for Skill Future Credit claims.

Course Overview

  • At the end of the two day program, participants will gain a deep understanding of the Coverage’s, Exclusions, Conditions and Clauses of Contractors All Risk Insurance and Contractors Plant & Machinery Insurance.
  • Real Life Cases will be discussed to highlight the importance of some of the problem clause wordings and how they can affect the claim payment.

Training Agenda

  • How, at what stage of project and whom to market CAR & CPM Policies.
  • Understanding Risk Exposures in Construction Projects and Project Machinery.
  • Coverage’s, Conditions and exclusions under CAR & CPM policies.
  • Importance of Third Party Liability Section.
  • Understanding standard Clause wordings.
  • Understanding Reinsurer imposed conditions, warranties and clauses under CAR & CPM Insurance.
  • How is Sum Insured arrived at and how is premium arrived at?
  • Understanding the concept of Probable Maximum Loss / Estimated Maximum Loss and its importance in Project Insurance underwriting.
  • Common mistakes & Best Practices in creation of a broking slip for Insurance and Reinsurance quotation and placement.
  • Claim Settlement in CAR and CPM Insurance.
  • Overview of other insurance products required for Projects ( Advance Loss of Profits (ALOP), Single Project Professional Indemnity (SPPI), Terrorism & Sabotage Insurance, Workman Compensation Insurance and Long Term Third Party Liability Insurance).

For Whom

  • For professionals working in Engineering Insurance Department of Insurance & Reinsurance Companies as well as Insurance Brokers marketing Project Insurance.
  • Participants should have at least one year experience in Underwriting, Marketing or Broking Engineering Project Insurance.

Facilitator

Atmaram Cheruvu

  • Atma is an Electrical Engineering graduate (BE). In addition, he holds LLB & MBA degrees.
  • He has over 30 years experience in Insurance, Reinsurance and Risk Management. The last position held by him was as Head (P&C) and Chief Underwriting Officer of Hannover Re branch in India. He was also a member of the Branch steering Board.
  • He has worked in senior positions with Sompo Japan and Royal & Sun Alliance JV.
  • Atma has underwritten various Engineering Projects both as a direct underwriter and facultative underwriter.
  • Atma is a passionate trainer and has been a regular speaker on various engineering insurance topics across Asia.