Introduction
Fire insurance has been found to be one of the profit making insurance class in most general insurance companies handling other classes. One of the major reasons for this is the low probability of the fire loss event occurring, best fire insurance underwriting practice, low cost fire insurance claims handling, investment of the underwriting profit among others. It is against this background that this particular seminar aims to give an insight on the best way to manage the fire insurance portfolio. Secondly, the course will provide a practical approach into the fire risk and how a risk surveyor can gather as much information as possible for underwriting purposes.
Duration
5 Days
Who Should Attend
Underwriting Managers and Claims Managers, Supervisors and Personnel working for brokerage firms and other non-insurance institutions with insurance departments
Course Level:
Course Objectives
- To gain knowledge on domestic package insurance and industrial fire insurance.
- To have an insight on fire and business interruption insurance underwriting and rating.
- To understand the types of fire reinsurance and reserving
- To fully understand fire insurance claims process
- To gain knowledge on the investment options available for fire insurance underwriting profit
- To know how best to serve customers in the fire insurance department
Course Outline
- Definition of fire in insurance
- Fire domestic
- Fire industrial
- Fire insurance underwriting
- Types of fire insurance policies-Blanket, floater, collective
- Fire insurance rating and considerations
- Business interruption insurance
- Fire reinsurance
- Fire insurance claims and reserving
- Investments options in insurance
- Balancing investment of fire insurance underwriting profit
- Fire insurance customer service
Related Courses
Course Administration Details:
METHODOLOGY
The instructor-led trainings are delivered using a blended learning approach and comprise presentations, guided sessions of practical exercise, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience, working as professionals and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
ACCREDITATION
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
TRAINING VENUE
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
ACCOMMODATION AND AIRPORT PICKUP
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
TAILOR-MADE
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
PAYMENT
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
Click here to register for this course.
Register NowCustomized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
Do you need more information on our courses? Talk to us.
