Title |
MII Technical Course in Fire Insurance |
Date |
21 – 22 May, 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 Fire 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 will be able to :
- identify the changes reflected in the Revised Fire Tariff and explain their application
- identify, evaluate and manage the various physical and moral hazards
- identify the methods of dealing with retention and reinsurance whilst taking into account of EMLs, MPLs, accumulation and aggregation
- analyse and interpret their company's and the market overall portfolio statistics and make use of this source of information for better underwriting results
- appreciate the practical problems faced by today's Fire underwriter and how they can be tackled
|
Course Content |
Session 1
- Analysis of Coverages and Provisions of the Revised Fire Tariff
- Fire, Fire consequential loss, Houseowners / householders, Industrial all risk
- Construction and trade/occupation classification
- Warranties/clauses/endorsements
- Fire extinguishing appliances, discounts/warranties
- Rules for special rating and treatment of frozen rates
- Rating exercise
Session 2
- Risk assessment and analysis
- Fire risk, Special perils, Determination of PML
- Risk improvement recommendations
- Decision making
- Video presentation
- Case study
Session 3
- Fire underwriting
- The technical aspects
- Underwriting
- Decision making
- Delegation of fire special rating to member companies by MNRB Technical Rating Committee
- Rating exercise
- Fixing of retentions
- One risk, Accumulation, Blocking,
Target risk, PML
Session 4
- Reinsurance
- Principles and objective of reinsurance
- Types of Reinsurance
- Quota share, Surplus, Excess of loss,
Catastrophe excess of loss
- Acceptance/placement of reinsurance business
- Overall review of the course
|
