BACKGROUND

In a Global economy, moving goods around the world can be a risky business. Organizations and individuals need to protect their cargo in order to remain in business. A directive by the Kenyan Government compelling local importers to obtain insurance locally in compliance with section 20 of the Insurance Act, has presented a unique opportunity for insurance industry players. Kenyan businesses that have been importing goods were rarely thinking about purchasing marine cargo insurance policies locally. It is anticipated that this class of insurance business will grow as the directive and implementation of the law takes effect. Many underwriters are now designing products and putting them on offer to potential and existing customers. The Association of Insurers (AKI) annual report for the year ending 2017, indicates that the Gross Written Premium (GWP) increased from KES 2.6 billion in 2016 to KES 3.7 billion in 2017. Underwriting profit improved by 20.5% over the same period. An opportunity to get certification through attending this seminar has been made possible by the College of Insurance.

COURSE OBJECTIVES

• A better understanding of the key theories of marine insurance and their application to real life scenarios
• Maximum benefit from market expert speakers
• Gained extensive introductory knowledge in this area.
• Apply the knowledge in the execution of duties

 COURSE CONTENT

• Historical Development of Marine Insurance
• Marine Cargo Underwriting and Rating Factors
• Marine Perils
• Types of Marine and Forms of Cover in marine Cargo
• Marine Claims handling and management
• Marine Loss Adjustment Process
• Incoterms
• Institute Cargo Clauses

TARGET GROUP

• Insurance Companies/Brokers staff in technical departments
• Revenue Authority Personnel
• Maritime Authority Personnel
• Personnel in Shipping Lines
• Commercial Banks
• Port Staff
• Clearing And Forwarding Personnel
• Various Government officers

Cost: 35,000.00

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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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