Comprehensive Technical Programme in General Insurance

11th November to 29th November 2019 COMPREHENSIVE TECHNICAL PROGRAMME IN GENERAL INSURANCE

Background

The programme aims to help participants to apply theoretical framework to their day-to-day operations and enable a clear and better understanding and grasp of principles and practices of various classes of non-life insurance. Insurance companies can thus bring about the most important but often neglected element of professionalism in their functioning. With globalization, every player in the market will have to think and adopt international practices. Exposure to the programme will broaden their knowledge of divergent practices prevalent in different insurance markets the world over and also widen their perspective of international markets. The programme provides participants a good opportunity to interact with professionals from different countries & update on the prevalent practices vis-à-vis the practices followed at participant’s workplace.

Objectives

© Acquaint the participants with Regulatory Framework and overall principles and practices of general insurance © Understanding detailed framework of different non-life insurance covers and their applications. © Enhancing underwriting skills of the various insurance classes of risks © Claims Management of all classes of risks © Practical exposures (to be arranged by PABL) © Data warehousing and data mining for assessing performance and rating of the portfolio © Evaluation of risk © How to design and develop new products © Actuarial basis of rating the product in the free markets

Contents

Development of Insurance © Genesis – Structural and operational transformation in the 20th century, Global General Insurance Scenario & Insurance Regulations © Environmental- Socio-economic and technological transitions and their impact on the General Insurance Industry The Basic Principles of Insurance © Legal & Regulatory framework © Operations - The main classes of General Insurance and their historical evolution. © Risk assessment and developing new product © Understand the pricing mechanism in the open market © Appreciation of Actuarial Aspects in General Insurance Fire and Business Interruption Insurance © Principles and practice of fire insurance: Identification of physical / natural /and moral hazards and underwriting in free markets © Principles and practices of business interruption insurance / Handling of LOP Claims © Risk Inspection, management and loss control methods © Handling of fire material damages claims © Chemical - Petrochemical Risk Insurance © Industrial visit (to be arranged by PABL) Marine Insurance

© Marine Insurance in International Markets © Basic principles and practice of Marine Cargo & Marine Hull U/W Consideration & Important Clauses & Rating. © Processing of Marine Cargo & Marine Hull Claims and recoveries & General Average © Examples of Characteristics of a few commodities, and their propensity to losses. © Type of vessels and issues arising there from, Regulations pertaining to vessels going at high seas © Impact of containerization / multi-modal transportation in marine cargo insurance Loss prevention and minimization techniques in cargo handling Motor Insurance © Issues in Motor Insurance © Developments of Motor Insurance, Legal considerations & welfare aspects © Underwriting & Risk Management in motor portfolio including Policy covers for different classes of vehicles © Processing of own damage claims & Third party claims under motor policies © Anatomy of Private Car & Commercial Vehicles © Visit to an Automobile Manufacturing Plant and visit to an Automobile Repair works (to be arranged by PABL)

Engineering and Construction Insurance © Issues in engineering insurance in international markets, development and growth © Analysis of Operational & Project insurance, © Risk assessment and underwriting of engineering portfolio © Business interruption cover for engineering risks © Management of Mega Risk - PML assessment and its application © Visit to an engineering industry

Miscellaneous Accident Insurance © Issues in miscellaneous accident insurance in international markets © Prospects and problems of growth and profitability of Personal & Health insurance portfolio © Accident and sickness covers, Personal insurance covers of various types & Processing of Claims © Miscellaneous covers for commercial/industrial sector - a) Security of plant and property, Personal / Property / Interest insurance b) Covers against financial loss from theft of cash securities or fraud by employees c) Legal liabilities © Commercial Sector (D&O / E & O, CGL) / Industrial Sector PLI, Public/Product Liability / Professional Indemnity Covers / IT Risk & Cyber Liability © Other Insurance a) International Practices in Credit Default Insurance b) Aviation covers & Liabilities c) Managing Oil & Energy risks d) Managing Rural, Social and Micro Insurance and Agricultural Insurance covers

E Practice of Reinsurance

C N © Issues In Reinsurance In International Markets A © R Types & Methods of Reinsurance & its Legal Aspects of Reinsurance R E I N S U © Underwriting and Designing of Reinsurance Programmes © Processing of Reinsurance Claims & Accounts Concluding Session

© Technical / Administrative / Financial /Marketing issues © Strategies for growth of business in emerging markets © Customers Experience Management

Participants’ Profile:

Junior & Middle Level Executives from General Insurance Companies abroad, Consulting Firms, Brokers and Executives handling risk and insurance portfolio at Corporate, Government, Regulators, Government Undertaking and Private Firms.

Duration & Dates:

3 weeks , 11th November to 29th November 2019

Participation Fees:

Organisations from FAIR members / SAARC countries US$2436 + 18% GST Organisations from other countries US$2898 + 18% GST Programme fee covers tution fees, course material, accommodation and most meals.

Bank Details:

Account Holder National Insurance Academy Name and Address of Bank Bank of Maharashtra, Pune Overseas Branch, Sadashiv Vilas, 1183/A Fergusson College Road, Shivajinagar, Pune 411 045 (India)

Branch Code 1121

Account No. & Type of Account 20008885848 - Savings Account Mode of payment SWIFT SWIFT Code MAHBINBBOCP Kindly pay an additional amount of US $ 8 towards SWIFT transfer charges Residential Accommodation Airport Tax Accommodation is reserved one day prior to the As applicable to be borne by the participants. commencement of the programme, till one day Currency Regulations after the conclusion of the programme. Incidental expenses like cost of telephone calls, laundry Euro, Pound sterling and US dollars are freely services etc. will have to be borne by the delegates convertible currencies in India. Delegates are themselves. requested to carry their money in the form of traveler's cheques or in cash in any of these Health Requirements currencies Delegates are requested to comply with the health Language Proficiency requirements as stipulated by the originating countries. A yellow fever vaccination certificate may We design our programmes to encourage individual be required for delegates from or travelling through growth and to foster productive interaction among areas such as Africa and South America. Delegates participants. For that reason, proficiency in written are requested to carry an overseas Mediclaim / and spoken English is essential. health cover policy covering the period of travel and training. Application Process Passport & Visa Programme participants must be nominated and sponsored by their current employer. The Passport & Visa are required for entry into India. Please completed application through the sponsoring carry sufficient passport size photographs. company and all required documents must be received.

FACILITIES AT NIA Library Boarding Facilities The Academy has an excellent collection Boarding facilities at hostels include of books, journals, audio / video bed tea/coffee, breakfast, mid- cassettes / films and CDs related to morning tea, mid-afternoon tea, Insurance and Management areas in evening tea/coffee, lunch, light English language. refreshments in the evening, and dinner.

Recreation Facilities Banking Facilities Facilities for games such as Shuttle Services of a commercial bank (Bank of Badminton, Table Tennis, Swimming, Maharashtra), which is authorized to Snooker, Chess and Carom are available. deal in foreign exchange, are available at the Campus. Medical Facilities Health Care Facilities A doctor is available for consultation © The Academy has a Gymnasium within the campus during specified with Sauna, Steam Bath, Cold timings shower and a Swimming Pool. © Yoga Meditation sessions are held on all working days i.e. from Mondays to Fridays between 7.00 Communication Facilities am to 8.00 am. © "GIC Water Pathway" - Participants The participants are requested to carry can enjoy a Health Walk between their own international sim card duly 6.30 am to 8.30 am and during 5.30 activated from their respective home pm to 8.30 pm. in a specially countries to avoid any inconvenience. designed Accupressure Pathway. Postal and Courier services are available © NIA also has a walking / jogging at cost. track of approx. 1.5 Kms along the Campus periphery.

City of Pune & its Climate Pune are 'Intercity Express', 'Deccan Queen', 'Indrayani Express' and 'Pragati Pune city is also known as the cultural Express'. The Mumbai-Punejourney by PUNE capital of Maharashtra. It is situated nwUo road (express way) is of about 3 hours 160 Kms from the city of Mumbai and is duration. Pune City has rainfall from the connected by direct flights as well as rail month of June to September and and road. Pune is well connected by air enjoys a salubrious climate between with other major cities such as Delhi, October and March. Bangalore, Chennai, Kolkata etc. Journey from Mumbai by air is of 30 Places in Pune like Shaniwar Wada, minutes duration & by rail it is 3 hours Kelkar Museum, Aga Khan Palace, 30 minutes. The travel by rail is Parvati hills, Osho Commune (Rajnish enjoyable during the monsoons. The Ashram) are worth a visit. popular trains between Mumbai &

Participants Speak (Comp. Tech. Prog. in General Insurance - Batch Nov. 2017)

est Experience Ever- The people were wonderful and welcoming, and the sessions Binteractive and eye opening. I am thankful for the knowledge shared and the effort put by the presenters to include information from different countries so that no one felt left out. Also very thankful to the Canteen Manager who went out of his way to make sure ‘ that food was comfortable to those who were not used to Indian food. We felt welcomed and considered. Ms. Tashinga Hondongwa, Alliance Insurance Company, Zimbabwe e are really honoured to be an integral part of this training. The Wexpertise of each and every faculty member cannot be measured. They are outstanding. Also, have no words for such great, benevolent and cooperative programme coordinators whose ‘ dictionary has no such words like “No” or “Not Possible”. Mr. Nawaraj Parajuli and Mr. Deepak Dhoot, Siddharth Insurance Company, Nepal

NATIONAL INSURANCE ACADEMY NIA was established in 1980, primarily as an apex training institute for senior executives of Indian insurance industry by the Life Insurance and General Insurance companies with active support from the Government of India. Over the years, the Academy's activities have diversified and it now encompass training, education, research, consultancy and publications.

The Academy has been recognized as an associate member of the Federation of Afro Asian Insurers and Reinsurers (FAIR) and also for imparting training under the The Indian Technical and Economic Cooperation Programme (ITEC).

The Academy conducts two year residential Post Graduate Diploma in Management (PGDM), presently open for Indian students only.

Venue of the Programme & Address for Communication

25, Balewadi, Baner Road, NIA P.O., Fax: +91-20-27204555, 27390396 Pune 411 045 (India) Email: [email protected] Tel.: +91-20-27204000, 27204444 Website: www.niapune.org.in (Hostel) +91-20-27204100/200/300