Property Insurance Business

WORKSHOP DESCRIPTION

“Property insurance business” means the business of effecting and carrying out contracts of insurance against risks of loss or damage to real or personal property. The fire and special perils policy and by extension the insurance on private dwellings indemnifies the owner of the property against specified perils under certain stated terms and conditions.

This highly interactive workshop seeks to provide participants with an understanding of the principles and practices of certain types of property insurances so that the information provided by intermediaries is transparent and in accordance with the policy terms and conditions. Participants will also gain insight into insuring multi-story, residential and commercial complexes.

Learning Outcomes: At the end of the session, participants will be able to:

• Become familiar with the various types of property insurance
• Comprehend the terms and conditions of the policy
• Become acquainted with special perils and benefits to the policy
• Comprehend risk exposure and applying an adequate rate
• Become familiar with the claims process

Mr. Sookdeo Beepath joined the insurance industry in Trinidad and Tobago in 1972 as a clerical officer. Thereafter, he began taking courses in several insurance disciplines at the Academy of Insurance. He continued his insurance education in Mumbai, India and Zurich, Switzerland. Mr. Beepath holds a Certificate in Human Resource Management and a Diploma in Industrial Relations. He is also a Certified Financial Planner. He read for his MBA in Business Management at the Arthur Lok Jack Graduate School of Business. Sookdeo served as President of the Trinidad and Tobago Insurance Institute and the Association of Insurance Institutes of the Caribbean. He was a member of the Board of Directors of the Association of Trinidad & Tobago Insurance Companies (ATTIC) and Chairman of its Claims Committee. He currently lectures to the Bachelor’s Degree in Risk and Insurance at the University of the West Indies.