Post on 19-Jul-2018
transcript
INSURANCESCHOLARSinsurancescholars.com
CERTIFIEDPROFESSIONAL
INSURANCESCHOLARS
MEGA RISK INSURANCE
CERTIFIEDPROFESSIONAL
INSURANCESCHOLARS
This is to certify that Mr. Dhruv Sharma,
has successfully completed the Certificate Program on
Mega Risk Insurance
After compelting the program you would:
1. Different sections of a Mega Risk Policy with their wordings, exclusions, extensions & clauses
2. Mega Risk Insurance in engineering line of business (Dams, Canals, Bridges, Tunnels and Pipelines) with emphasis on the Potential Hazards and Underwriting Criteria’s
3. Reinsurance process under Mega Risk Policies
4. Probable Maximum Loss with practical examples on calculation of PML for a Steel Plant and a Thermal Power Plant
5. Probable Maximum Loss as a basis of Reinsurance in Mega Risk Policies
6. Mega Risk Reinsurance Implications in Property portfolio of a Public Sector Unit with specimen reinsurance slips
7. Case Study on ICA v/s SCOR 1985 regarding Mega risk Claims handling
8. Advance Loss of Profit Insurance in depth along with calculation of ALOP premium
Designed by Insurance Professionals with experience inInsurance Fraud domain
Casestudy and Real-life examples to drive 'real world' learning
Ever increasing Knowledge Base of interactions with Senior Insurance Professionals
Learn from Insurance Experts
Professionals beginning their career in Insurance Industry
Mid-career Profesionals looking to upgrade their career prospects
What’s Included
MEGA RISK INSURANCE
INSURANCESCHOLARS
CERTIFIEDPROFESSIONAL
INSURANCESCHOLARS
Hard-copy Learning Material
Hard-copy Certificate on Completion
Life-Time AccessTo Expert Knowledge Center
Who is it for?
Program Overview
Chapter 1-Introduction, SFSP and IAR PolicySFSP PolicyIAR Policy
Chapter 2- Introduction - Mega Risk PolicyComponents of Mega Risk PolicyOutline of a Mega Risk PolicyScenarios when Mega Risk Policies are issued.Difference between Mega Risk Policy and IAR policy.Challenges faced by underwriters in issuing Mega Risk PolicyLine of Businesses for which Mega Risk policies are com-monly issuedStructure of a Mega Risk Policy
Chapter 3- Section I –All Risk Property Damage -Wordings, Exclusions and ExtensionsWordingsExclusionsExtensions
Chapter 4- Section II-Machinery breakdownInsuring clause, Exclusions, Conditions, ExtensionsInsuring ClauseExclusionsConditionsExtensions
Chapter 5- Section III- Business Interruption- Insuring Clause, Specifications, Definitions, ClausesInsuring clauseSpecificationsDefinitionsClauses
Chapter 6- Exclusions applicable to All Sections
Chapter 7- Conditions applicable to All Sections
Chapter 8-Clauses under a Mega risk PolicyWordings of Important Clauses
Chapter 9- Introduction to Engineering InsuranceContractors All Risk InsuranceCharacteristicsVarious Stages of ProjectsProject Report and StudiesClassification of Construction Risks
Chapter 10- Mega Risks in Engineering LOB-Potential hazards and Underwriting FactorsBRIDGESDAMSBUILDINGSTUNNELSPIPELINES
Chapter 11-Reinsurance under Mega PoliciesIntroductionWhy Insurance companies need reinsurance?Types of Reinsurance contracts with Practical Examples
Chapter 12- All Risks Property Package (Mega Risk) Reinsurance
Chapter 13-Probable Maximum Loss and Risk inspectionsDefinition of PML as per Tariff Advisory CommitteeRisk InspectionLimitation of PMLCase 1 : PML Calculation of Steel Plant:Case 2 : PML Calculation of Thermal Power PlantCase 3: Premium rate calculation: Erection of super critical thermal power plant in Earthquake zone-IICase 4: Premium rate calculation method for Fire policies –Mega Risks
Chapter 14- PML as a basis of ReinsurancePlacement of Mega RiskConsideration for reinsurance placementsProcedure followed for placement of a RI Programme
Chapter 15- MEGA risk reinsurance implications in property portfolio of a PSU.Assessing the re-insurance needsSteps to place an effective R/I program for a MEGA risk policyNeed for coordination between the involved parties for placing “FAC” is the vital task with greater prominence.Reinsurance slips – Specimen
Chapter 16- CASE STUDY- ICA vs SCOR 1985For effective claims handling in a mega risk policy
Chapter 17-Advance Loss of Profit InsuranceRisk AnalysisInsurance ConditionsBasics of ALOPExtensions applicableRisk MonitoringUnderwriting and Premium Calculation
Topics Covered
100% Online - At Home Examination
STEP 1:Enrol & pay online for certificate program
STEP 3:Your study kit reaches in 1 week
STEP 2:Get access to online knowledge center
STEP 5:Learn from the experts online through knowl-edge center
STEP 6:When ready, register for exam in Apr, Aug and Dec
STEP 7:Give exam any where, all you need is internet & a webcamera
STEP 4:Study at your convenience from the course guide
STEP 8:Secure 60% or more in MCQ test to pass
WELL DONE!You are now a InsuranceScholars Certified Professional
Certification Journey
F-37, Diamond District,Bangalore - 560008 helpdesk@insurancescholars.com
INSURANCESCHOLARS
POWERED BYAdvance Secure Remote Test Proctoring With Webcam Monitoring and Intelligent Fraud Detection
3 Convenient exam cycles every year in Apr, Aug & Dec
You pick a convenient date and time (24X7) within Exam Window
7 Days exam window in each cycle
Give exam from Home / Office / Internet Cafe basis your convenience
100 MCQ Questions in 120 Minutes | 60% Pass Percentage
Web CameraMinimum: 0.5 Megapixel
Operating System (Window )Minimum: Windows Vista, 7, 8, 8.1
Operating System ( Mac )Minimum: Mac OS X 10.6
Internet Bandwidth400Kbps(Candidate)
TECHNICAL REQUIREMENTS