Speciality Insurance Covers: Commercial Umbrellas, Products Recall , Environmental Liabilities (P191223WIU)

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 environmental damage.

This is a new cutting edge programme launched by IG Training with the intent of providing an end-to-end appreciation of Specialized Casualty Exposures like Excess & Umbrella Policies;  Environmental Liability Covers; Products Recall; Products Guarantee; Financial Loss; Products Tampering & Contamination Insurances suite of Liability Products

The course content has been designed with a view that, upon completion of this 2-day workshop the participants will feel comfortable in handling these complex lines of business at par with international standards.

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.

 

Start: Thursday, 25 March 2021

End: Friday, 26 March 2021

09:00 AM - 17:00 PM
Virtual Training

Early Bird before 01 March

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

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 environmental damage.

This is a new cutting edge programme launched by IG Training with the intent of providing an end-to-end appreciation of Specialized Casualty Exposures like Excess & Umbrella Policies;  Environmental Liability Covers; Products Recall; Products Guarantee; Financial Loss; Products Tampering & Contamination Insurances suite of Liability Products

The course content has been designed with a view that, upon completion of this 2-day workshop the participants will feel comfortable in handling these complex lines of business at par with international standards.

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.

Training Agenda

  • Layering Fundamentals – Primary; Intermediate and Catastrophe Layers; Layer Theory; Concept of Layer pricing; ‘Sub-layers’
  • The DIC / DIL Clause; ‘Drop Down’ provisions as applicable to Umbrella Policies; Self-Insured Retentions (SIR); Deductibles vs SIR’s
  • Umbrella & Excess Liability Differentiated; Commonly Used Commercial Umbrella Forms & Wordings; Policy Schedule; Insuring Clauses; Exclusions; Conditions; Additional Clauses & Covers
  • International Insurance Programmes (IIP’s) and Designing a Structured liability programme
  • Umbrella & Excess Liability Claims Examples
  • Types of Recalls & Insurability
  • The Products Recall Policy; Underwriting Issues; Rating Factors
  • Products Guarantee; Financial Loss Coverages;
  • Products Tampering & Contamination Insurances; Definitions; Policy Provisions; Underwriting factors
  • Pollution Liability Overview
  • Sudden & Accidental Pollution & its inclusion in General Liability Policies
  • Gradual Pollution; Remediation and Restoration Coverages;
  • Environmental Liability Policy Provisions; Long Term Policies; Underwriting Factors
  • Case Studies & Group Work

For Whom

  • Underwriters; Brokers; Reinsurers; Claims-handlers; Corporate Risk Managers and other Insurance Professionals dealing with Singapore based Multi-national Companies & Medium to Large Corporates requiring specialized liability solutions

Facilitator

  • SUHIRD KAMRA
  • An experienced International Property & Casualty Underwriter with expertise in Liability and Financial Lines of Business.
  • Has in-depth understanding of both the Asian and North American Property & Casualty Markets and has headed a large Commercial Team with a major Insurance Company in Canada and handled large Property & Casualty accounts.
  • Headed the Underwriting for Larsen & Toubro General Insurance Company which forms part of the world’s leading Engineering & Construction House handling major projects in India and across Asia, Africa & Middle East.
  • 30 years of rich practical experience in the Financial Sector – Banking & Insurance.