MII TECHNICAL COURSE
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Title

MII Technical Course in Business Interruption Insurance - Claims

Date

26 – 27 September, 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 will be able to :

  • describe the general principles and their application relating to claims for Business Interruption
  • explain the practices and procedures of claims handling, reserving and adjustment
  • appreciate the special features and steps to be taken in the process of claims investigation and settlement
  • understand the role of loss adjusters in negotiating an agreed settlement

Course Content

Session 1

  • Application of principles of insurance to Business Interruption Claims

 
Session 2

  • Analysis of coverages
    - Business Interruption Policy
    - Scope of Cover
    - risks covered
    - exclusions
    - conditions
    - clauses, endorsements,         

          warranties memoranda

  • Special Perils
  • Extensions to the Standard Business Interruption Policy

Session 3

  • Claims Procedure and Documentation
    - Measure of Indemnity and Settlement of Claims

 
Session 4

  • Loss minimization and loss prevention

Session 5

  • Investigation

Session 6

  • Adjusters' report

Session 7

  • Arbitration

Session 8

  • Claims Reserving

Category

Course Fee Per Person

 

LOCAL

INTERNATIONAL

 

Single
Registration

Group
Registration

Single
Registration

Group
Registration

MII Member

RM950

RM900 per person

-

-

GTG/FAIR Member

RM950

RM900 per person

USD450

USD400 per person

Non Member/Others

RM1050

RM1000 per person

USD500

USD450 per person


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