NECTAR WEBINAR - FIRE, BI & INDUSTRIAL ALL RISK (6th, 20th and 27th Oct)

This webinar will be presented in 3 Parts as follow:

PART 1- FIRE INSURANCE

• Underwriting Fire, Explosion, RSMD & Terrorism, Underwriting Nat Cat Perils
• Add On Covers, Escalation Clause, Market Value vs Reinstatement Value Calculations, 
• Declaration & Floater Policy

PART 2- BUSINESS INTERRUPTION (BI) COVER

• Introduction to BI Insurance, Gross Profit calculations using Difference and Addition methods.
• Material Damage proviso. Indemnity period and Policy Period, Increased Cost of Working (ICOW) and Additional ICOW, Annual turnover and Standard Turnover, Trends clause application.
• Condition of average, Rate of Gross Profit, Turnover basis and Output basis, Dual wages basis, Alternative basis clause, Underwriting BI proposals, Premium adjustment calculations, BI claim calculations.

PART 3- BUSINESS INTERRUPTION (BI) & IAR INSURANCE POLICY

• Contingent BI - Suppliers and Customers extension, Denial of access and Prevention of access, Wide area damages and Loss of attraction
• Differences between Fire LOP and LOP coverage under IAR policy , COVID 19 and Business Interruption Insurance.
• IAR: Exclusions, Add on Covers, Clauses & Claim Calculations

About Presenter:

Mr. Atmaram Cheruvu has over 32 years’ experience in Risk Management, Insurance and Reinsurance. He was Head (Property & Casualty) and Chief Underwriting Officer of Hannover Re branch in India. Earlier to Hannover Re, He held senior positions in Sompo Japan and Royal Sundaram.

The webinar is suitable for:

• Property Insurance Underwriters
• Reinsurance Executives
• Business Development executives
• Marketing executives

Training Certificate: All participants will receive a personalised “participation certificate” via e-mail.