Overview
Some cynics have suggested that the more an underwriter knows the business, the less he or she will be inclined to accept risks and insure. This however, is hardly the way to run a successful insurance business. The essence of underwriting is to assess and accept insurable risks, apply appropriate insurance conditions and charge the appropriate premium. This is just as true for the underwriting of marine and inland transit insurance as it is for other forms of insurance.This course explains the legal terms, concepts, principles and classes of marine insurance. It also explains risk factors, carriers’ liability, marine liability insurance, cargo insurance for marine ventures and inland transit and covers reviewing performance of marine portfolios.
Who Should Enrol
This course is designed for professionals involved in marine insurance and underwriting operations, including:
- Marine underwriters and underwriting assistants
- Insurance brokers and intermediaries handling marine risks
- Insurance agents involved in commercial insurance distribution
- Claims professionals seeking understanding of marine underwriting
- Risk and insurance professionals working with marine exposures
- Professionals seeking to develop expertise in marine insurance underwriting
What You Will Learn
Participants will gain practical knowledge and understanding of:
- The role of marine underwriting in international trade and logistics
- Key marine insurance risks and exposures
- Principles of underwriting marine cargo and maritime risks
- Policy structures and coverage considerations in marine insurance
- Risk evaluation and underwriting decision-making in marine insurance
- Best practices in managing marine underwriting portfolios
Learning Pathway
This course forms part of the IIEA E-Academy Learning Pathway Framework™ for Advanced Insurance Professionals, designed to strengthen technical expertise across key areas of insurance practice.
Certification
Participants who successfully complete the course requirements will receive a Certificate of Achievement recognising their successful completion of the programme.
Learning Outcomes
Upon completion of the course, you should be able to: -
- Explain legal terms and concepts and examine the principles and classes of marine insurance;
- Explain marine hull and pleasure craft insurance;
- Explain marine liability insurance and cargo insurance for marine ventures and inland transit;
- Explain carriers' liability insurance;
- Explain and assess risk factors;
- Outline the different types of marine liability insurance;
- Examine marine insurance proposals and policy wordings;
- Review the operational performance of marine portfolios.
