This workshop aims to equip insurance intermediaries with the knowledge and skills necessary to navigate ethical challenges in the insurance business and uphold professionalism in client interactions. By understanding the importance of market conduct and ethical behavior, participants can enhance trust and integrity in their practice, ultimately benefiting both clients and the insurance industry as a whole.
At the end of the session, participants will be able to:
- Understand the INCOTERMS and the rights and responsibilities of the parties
- Understand the various types of Transit – Air, Sea and Inland
- Understand useful terms and definitions in relation to Marine Cargo
- Understand the Institute Cargo Clauses (primary focus on Institute Cargo A compared to B and C)
- Understand the Policy Exclusions in the institute Marine Cargo Clauses
- High Level overview of Non-Institute Cargo Clauses
- Understand the rating factors required by Underwriters in pricing a Marine Cargo policy (Single and Open Cover)
- Understand the claims process, documentation required and claims calculation for Partial Losses, Total Losses and General Average