MII Virtual Classes
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Foundation Course in Fire Insurance
2-3 March 2021

About The Course
In this course, participants will learn about the basics of Fire Insurance, which will enable participants to identify and apply the principles of insurance. This includes understanding the structure and scope of cover provided for Fire Insurance policies.

Key Learning Outcome

  • Describe the size and significance of Fire Insurance in Malaysia.
  • Know the various insurance principles applicable to Fire Insurance.
  • Name the scope of cover in Fire Insurance.
  • Recognize the structure and make reference to the Revised Fire Tariff.
  • Explain the rating mechanism in Fire Insurance.
  • List the extraneous perils available to Fire Insurance.
  • Outline the structure of fire insurance policy conditions and common clauses.
  • Gain basic skill in underwriting and risk assessment.
  • Explain the claim procedures involve for Fire Insurance claim.
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General Overview of Life Insurance Operations
2-3 March 2021

Key Learning Outcome

  • recognize the insurance companies environment.
  • describe the roles and functions of the various departments in a typical life
  • insurance and takaful company.
  • identify various distribution channels used for marketing life
    insurance.

Course Outline

Part 1

  • Life Insurance - History and Evolution
  • Life Insurance companies and their environments
  • Organisational Structure of Life insurance companies
  • Principles of organisation
  • Stakeholders / Levels and Functions of Management
  • Responsibilities and business process of each departments


* Click brochure for Part 2

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Understanding and Explaining COVID-19 Exclusions to Customers in Simple Language
2 March 2021

Following the global COVID-19 pandemic, many insurers and reinsurers have introduced exclusions to clarify that their policies will not cover any future claims arising from the Covid 19 pandemic or similar events.

This exclusion is introduced to reduce insurers and reinsurers’ exposure to such a systemic risk. In so doing, they have potentially reduced the insurance or reinsurance protection offered to their customers.

This workshop will discuss some COVID-19 exclusions, the intentional and unintentional impact of such exclusions and advice on how to simply explain the impact of the new language to customers.


Course Content:

  • Classes of insurance and reinsurance where Covid 19 exclusions are being applied
  • Examples of exclusions
  • What is a “narrow” and what is a “broad” exclusion?
  • Relevant case law
  • How exclusions can take away coverage unintentionally
  • How pollution and contamination exclusions may also apply
  • Why you need to watch claims made policies
  • How to communicate complex information in a clear and transparent way
  • Communicating bad news
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ASEAN Reinsurance Programme: Reinsurance Accounting
15,17,22 & 24 March 2021

This application-based course aims to provide participants with more exposure to the know-how and mechanism of Reinsurance Accounting. Participants will learn the various uses of reinsurance accounting, the accounting related terms appearing in slips/ wording, including the administration process for proportional and excess of loss (XL) treaties, as well as the reinsurance accounting provision, method of unearned premium calculation and the alternative to reinsurance commission.


Participants will gain huge benefits as our expert trainers will share their in-depth knowledge of the subject so that they can apply them in their work.

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How Insurers Are Leveraging The Internet of Things
17 March 2021

The Internet of Things (IoT) is accelerating its entrance into mainstream business through applications such as smart cities, connected vehicles, digital health as well as the use of Industry 4.0 technologies in manufacturing.

In this workshop we will discuss some of these applications and how the insurance market can take the opportunity to leverage on these developments. Developments in IoT has also produced new data captured by connected devices, which are invaluable for the creation of new and more relevant products and services for customers.


Course Content:

  • What is the internet of things (IoT)
  • Examples of current and future IoT applications
  • Examples of insurers leveraging IoT
  • Risks and opportunities for insurance market arising out of IoT
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The Insurance Gap: What Is It and How Can The Insurance Industry Close It
25 March 2021

In 2018, Lloyd’s of London calculated the value of the global insurance gap as US$162.5 bn with emerging economies accounting for US$160 bn of the gap.

Insurance penetration usually increases with economic growth but If Lloyd’s repeats their analysis in 2021 following the COVID-19 pandemic and subsequent recession, it may be now even higher.

In this workshop we will discuss what is the insurance gap means and the tools and techniques that the insurance market can use to make insurance more accessible, understandable and affordable to customers around the world, to reduce the amount of underinsurance.


Course Content:

  • What is the insurance gap?
  • How is the insurance gap measured?
  • What are the implications of the insurance gap?
  • Which insurable risks around the world are currently under insured?
  • What tools, techniques, products and technologies can the insurance market use to reduce the amount of underinsurance and take advantage of this opportunity?
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Fire Clauses - How to Apply the Right Clauses for Maximum Protection
29-30 March 2021

About The Course
You may have come across instances where clients have asked for a whole range of fire insurance clauses to be incorporated into the fire policy thinking that the coverage would be more comprehensive. However, the purpose of these clauses must be well understood. And clauses applied should be relevant. Otherwise, the inclusion of certain clauses could be detrimental to the interest of the Insured in the event of a claim.

Key Learning Outcome

  • interpret clauses correctly.
  • see the technicalities involved.
  • know when and how to use them.
  • tailor- make a fire policy with relevant clauses that offer the best coverage and protection to the Insured common clauses.
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Premier Series: Insurance Perspective of Fire Protection Engineering and Site Risk Management
8 April 2021

About The Course
This course focuses on the importance of recognizing and appreciating the ever changing risk profiles at insured locations. Participants will also understand why there is a gap between “Bomba Cert” and what is practically the exposure on site.

Course Content

  • Intro to Risk Logic Inc
  • Design
  • Installation
  • Commissioning
  • Maintenance & Testing
  • Pre Fire Planning
  • Change Management
  • Peer Review
  • Conclusion

Contact Info

The Malaysian Insurance Institute 197701004772 (35445-H), 

MII City Centre @ Wisma FGV,

6th Floor of Wisma FGV, 

Jalan Raja Laut,

50350 Kuala Lumpur,

Malaysia

 

Tel : +603 2712 8882

Email : customercare@mii.org.my

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