VENUE: Nairobi

BACKGROUND

Fire insurance has been found to be one of the profit making insurance class in most general insurance companies handling other classes. One of the major reasons for this is the low probability of the fire loss event occurring, best fire insurance underwriting practice, low cost fire insurance claims handling, investment of the underwriting profit among others. It is against this background that this particular seminar aims to give an insight on the best way to manage the fire insurance portfolio. Secondly, the course will provide a practical approach into the fire risk and how a risk surveyor can gather as much information as possible for underwriting purposes. 

COURSE OBJECTIVES

• To gain knowledge on domestic package insurance and industrial fire insurance.
• To have an insight on fire and business interruption insurance underwriting and rating.
• To understand the types of fire reinsurance and reserving
• To fully understand fire insurance claims process
• To gain knowledge on the investment options available for fire insurance underwriting profit
• To know how best to serve customers in the fire insurance department 

COURSE CONTENTS

• Definition of fire in insurance
• Fire domestic
• Fire industrial
• Fire insurance underwriting
• Types of fire insurance policies-Blanket, floater, collective
• Fire insurance rating and considerations
• Business interruption insurance
• Fire reinsurance
• Fire insurance claims and reserving
• Investments options in insurance
• Balancing investment of fire insurance underwriting profit
• Fire insurance customer service

TARGET GROUP

Underwriting Managers and Claims Managers, Supervisors and Personnel working for brokerage firms and other non-insurance institutions with insurance departments

Cost: 22,500.00

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How to apply

All candidates must follow the application steps where they provide their details and select units. An invoice will be sent to the email address of the applicant with payment instructions.

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