The British Academy for Training and Development offers this training program, "Marine Insurance and Marine Claims Management", to provide participants with a sound understanding of the principles and practices governing marine insurance and the management of claims arising from risks affecting vessels and cargo during maritime transportation.

The program examines the main types of marine insurance coverage, the scope of protection provided by insurance policies, as well as applicable risks, exclusions, and policy conditions. It also focuses on claims management, from reporting losses and gathering supporting documentation to reviewing facts, assessing damages, and settling claims in accordance with applicable policy terms. In addition, the program addresses marine liabilities, maritime losses, and the roles of the various parties involved in the claims process, enabling participants to handle marine insurance files with greater accuracy and professional awareness.

Who Should Attend?

• Professionals working in insurance companies and marine insurance and claims departments.
• Employees of shipping and maritime transport companies working in risk management and insurance.
• Professionals working in insurance brokerage firms and marine claims management.
• Legal and financial professionals whose responsibilities involve insurance and maritime transportation.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Understand the fundamental principles of marine insurance, its types, and the scope of coverage provided by its policies.
• Identify marine risks, exclusions, and conditions that affect the scope of insurance coverage.
• Develop the ability to manage marine claims and verify relevant documents and supporting facts.
• Equip participants with methods for assessing losses and damages and determining liabilities under policy terms.
• Strengthen the ability to settle marine claims efficiently while considering technical, legal, and contractual aspects.

• Fundamentals of Marine Insurance

  • Understanding marine insurance, its development, and its role in protecting maritime interests.
  • Core principles of marine insurance and their relationship to the insurance contract.
  • Main parties involved in marine insurance and their respective roles and responsibilities.

• Marine Interests and Risks

  • Types of insurable interests in maritime operations.
  • Classification of marine risks and causes of losses affecting vessels and cargo.
  • The relationship between the nature of a risk and the scope of insurance protection.

• Marine Insurance Policies and Coverage

  • Types of marine insurance policies and their principal applications.
  • Coverage conditions, warranties, and key exclusions.
  • Reading marine insurance policies and understanding the limits of insurance liability.

• Hull and Cargo Insurance

  • Principles of vessel insurance and risks associated with the vessel’s structure and equipment.
  • Cargo insurance during maritime transportation and coverage considerations.
  • Factors affecting insured values and the terms of coverage.

• Marine Losses and Liabilities

  • Understanding marine losses and distinguishing between total and partial losses.
  • General and particular average and their impact on rights and obligations.
  • Liabilities of shipowners, carriers, and other parties involved in maritime transportation.

• Marine Underwriting and Pricing

  • Factors affecting marine risk assessment and insurance pricing.
  • Principles of underwriting vessels and cargo.
  • The role of technical information and claims history in underwriting decisions.

• Principles of Marine Claims Management

  • Understanding marine claims and the stages involved in managing them.
  • Procedures for reporting, registering, and monitoring marine losses.
  • Roles of insurers, insured parties, brokers, and experts in the claims process.

• Claims Verification and Documentation

  • Essential documentation required for reviewing marine claims.
  • Verifying the accuracy of facts and their relevance to the insurance coverage.
  • Reviewing policy terms, exclusions, and warranties relevant to the claim.

• Assessment of Marine Losses and Damages

  • Principles for assessing damage and losses affecting vessels and cargo.
  • The role of marine surveyors and experts in determining the extent and causes of damage.
  • Distinguishing between covered and non-covered losses under policy terms.

• Determining Liability and Entitlement

  • Identifying parties responsible for causing or aggravating a loss.
  • Examining the relationship between legal liability and insurance coverage.
  • Determining compensation in accordance with policy limits, conditions, and applicable entitlements.

• Marine Claims Settlement

  • Stages of claim assessment and decisions regarding acceptance, rejection, or settlement.
  • Principles of negotiating compensation and closing marine claims files.
  • Handling complex and disputed claims within applicable contractual frameworks.

• Fraud and Claims Disputes

  • Identifying indicators of potentially fraudulent or irregular marine claims.
  • Methods for preventing fraud and verifying information and documentation.
  • Managing claims-related disputes and approaches to their resolution.

• Legal and Contractual Framework of Marine Insurance

  • Legal principles governing marine insurance and maritime transportation.
  • The impact of maritime contracts and policy terms on the rights and obligations of the parties.
  • The role of maritime rules and practices in addressing claims and disputes.

• Improving Marine Claims Management Efficiency

  • Developing workflows and internal controls for effective claims management.
  • Using data and records to monitor claims and improve decision-making.
  • Performance indicators for measuring the quality and efficiency of marine claims handling.