Program Brief

Providing the participant, the technical knowledge of property insurance to all the people working in the Property insurance department in the insurance company. During this tailor-made course in property insurance, the candidates will be given a detailed overview of different types of property insurance (Fire and allied perils and All Risk), Business Interruption, and the related reinsurance function.

Program Goals

At the end of the training program, the participant should be able to:

  • Understand the principles and main covers and perils of property insurance in order match the most suitable insurance policy with its affiliated risk.
  • Showcase the main practices of property insurance, as well as business Interruption cover and their application to know the difference in coverage and choosing the best for the insured.
  • Grasp a greater understanding of the underwriting process of property and business interruption insurance to enable the underwriter to price the risk correctly and fairly.
  • Understand the Reinsurance function in relation to property insurance.
  • Understand the claims settlement process of property insurance to understand how much coverage is provided in the insurance policy as well as the settlement by providing the claimant with a valid claim.
Program Agenda
Module 1: Principles and Main Covers and Perils of Property Insurance
  • 1 Fire and allied perils cover

    • 2 Property All Risk cover

      • 3 Home Insurance

        Module 2: Main Practices of Property Insurance
        • 1 The Business Interruption and Loss of Profit Cover

          • 2 General Clauses/conditions

            • 3 Policy Warranties

              • 4 Exclusions

                Module 3: Underwriting Process
                • 1 Explain underwriting considerations to be taken into account when establishing policy terms and conditions.

                  • 2 Evaluate the importance of risk acceptance, evaluation and control

                    • 3 Examine the internal and external data required.

                      • 4 The underwriting cycle.

                        Module 4: The Reinsurance Function in relation to Property Insurance
                        • 1 Reinsurance Treaty restrictions

                          • 2 Underwriting Capacity

                            • 3 Facultative Placement

                              Module 5: Claims Settlement Process
                              • 1 Loss report

                                • 2 Loss Limits (Caps)

                                  • 3 Loss adjustors

                                    Program Requirements

                                    Not Available

                                    Program Path

                                    Names of the training programs that are integrated (enriched) with the training program:

                                    Names of the training programs that after the training program:

                                    Program Method
                                    • Lecture
                                    • Case Studies
                                    • Brainstroming
                                    • Practical Implementation
                                    • Dialogue Teams
                                    Evaluation Method
                                    • Pre Exam
                                    • Post Exam
                                    Training Type
                                    • Online Training

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