Title |
MII Technical Course in Business Interruption Insurance |
Date |
12 – 13 April, 2012 |
Duration |
2 Days |
Level |
Intermediate |
Time |
9.00 am to 5.00 pm |
Venue |
The Malaysian Insurance Institute
MII City Centre
S17-S28, 2nd Floor,
Maju Junction Mall
1001 Jalan Sultan Ismail
50250 Kuala Lumpur |
Trainer |
TBA |
Who Should Attend |
- Insurance Industry Personnel who have basic knowledge in Insurance or basic knowledge in Business Interruption Insurance
- Non– insurance personnel whose work require an understanding or practical knowledge of the subject
- Anyone who require knowledge on insurance
|
Key Learning Outcomes |
At the end of the course, participants would be able to :
- identify underwriting and rating factors
- appreciate the meanings and application of Revised Fire Tariff & Non Tariff Rating
- recommend the appropriate maximum indemnity period in relation to the sum insured, premium and the application of the average provison
- understand the operation of Gross Profit and Dual Basis Wages in the event of a claim
|
Course Content |
- Need for BI Policies
- Coverages
- Policy Form/wording
- Basis of sum insured and indemnity
- Underwriting and Business interruption surveys
- Material damage hazards
- Interruption hazards
- Seasonal demand
- Loss minimisation factors/features
- Rating
- Deductible
- Revised Fire Tariff 1996
- Rules for Business Interruption
- Average based rate
- Multipliers
- Extensions
- Specifications
- Industrial All Risk Business Interruption section
- Risk assessment
- PML
- Non-RFT wordings, clauses
- Non tariff rating (introduction)
- Consequential Loss for specific industries using different specifications
Note:
Participants are required to bring the following during the course:
- Calculator
- Company's Proposal Form
- Company's Policy Form including specifications for additions basis
and difference basis |
