Engineering Comprehensive

Line of Business: Engineering
Level: Intermediate
Date:16 - 24 May 2019
Duration: 7 days
Location: Switzerland

Target Group

This seven day course addresses insurance professionals who wish to gain a comprehensive overview of engineering insurance as well as specific underwriting competence in project insurance within a short period of time.

Training Goals

To give participants a comprehensive basic knowledge of engineering operational covers (Machinery Breakdown, Machinery Loss of Profits, etc.) as well as construction insurance covers (Engineering Project Insurance, also known as Contractors/Erection All Risks, including Delay in Start-up); to enhance practical skills enabling them to effectively underwrite and manage engineering risks.

Content / Agenda

•    Insurance wordings and clauses
•    Main exposures and risk assessment
•    Rating methods, including PUMA rating tool
•    Underwriting process
•    Risk management
•    Risk transfer in construction projects
•    Renewable energies in engineering insurance
•    Loss examples and lessons learnt
•    Claims handling and settlement
•    Reinsurance