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Thu, Oct 20

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Zoom Webinar

WEBINAR - FIRE, BI & INDUSTRIAL ALL RISK

This webinar provides an overview of insurance coverage under Fire Insurance with special focus on Industrial All Risk and Business Interruption.

Registration is Closed for Terrorism and Political Violence risk and Insurance webinar
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WEBINAR - FIRE, BI & INDUSTRIAL ALL RISK
WEBINAR - FIRE, BI & INDUSTRIAL ALL RISK

Time & Location

Oct 20, 2022, 2:00 PM – 6:00 PM GMT+8

Zoom Webinar

About the Event

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.

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