Introduction

Marine insurance is one of the most specialized branches of insurance, playing a vital role in protecting cargo and commercial interests against risks associated with marine transportation and shipping operations. Working in this field requires a solid understanding of marine risks, insurance coverage, policy terms, underwriting procedures, and claims settlement processes.

The Advanced Marine Insurance Course aims to enhance participants’ professional knowledge and strengthen their ability to deal with marine insurance policies, assess risks, understand coverage conditions and exclusions, and become familiar with the practical procedures related to marine underwriting and claims.

The course is delivered in both Arabic and English, with a greater emphasis on English terminology and technical content in line with the professional nature of the insurance industry.

Objectives

By the end of the course, participants are expected to be able to:

• Identify the main classes of marine insurance and different types of insurance coverage.
• Understand the key principles and characteristics of marine insurance.
• Distinguish between different types of marine risks and their insurability.
• Understand marine underwriting procedures and risk assessment.
• Become familiar with the procedures for issuing marine insurance policies and open covers.
• Compare Institute Cargo Clauses A, B & C.
• Identify the scope of coverage and key exclusions under marine insurance policies.
• Understand the concept of General Average and how it is handled.
• Become familiar with marine insurance claims procedures and required documentation.
• Understand loss assessment, liability determination, and claims settlement.
• Use technical marine insurance terminology in English.
• Apply marine insurance concepts to practical workplace cases.

Course Topics

• Advanced introduction to marine insurance and its importance in international trade and transportation.
• Main classes of marine insurance and the scope of coverage under each class.
• Key principles and characteristics of marine insurance and their practical applications.
• Types of marine risks and methods of identifying and assessing them.
• Marine Underwriting and the role of the underwriter in risk assessment.
• Information and documentation required for underwriting decisions.
• Factors affecting risk acceptance and coverage terms.
• Procedures for issuing marine insurance policies and related documentation.
• Concept and practical application of Open Cover.
• Introduction to Institute Cargo Clauses.
• Comparison of Clauses A, B & C and the scope of coverage under each.
• Additional covers that may be attached to marine insurance policies.
• Major general and specific exclusions under marine insurance policies.
• War and strike risks and their impact on insurance coverage.
• Reading and analyzing marine insurance policy terms and conditions.
• The concept of General Average and situations in which it applies.
• Procedures and documentation related to General Average settlement.
• Introduction to Marine Claims.
• Procedures for reporting marine losses and incidents.
• Documentation required for submitting and settling marine insurance claims.
• The role of loss adjusters and surveyors in assessing damages.
• Identifying the cause of loss and determining whether it falls within the scope of coverage.
• Loss assessment and calculation of indemnity.
• Claim rejection cases and their technical or contractual reasons.
• The role of insurers and insurance brokers in managing marine claims.
• Practical case studies covering marine underwriting, coverage, and claims.

Target Audience

• Employees working in Underwriting Departments within insurance companies.
• Employees working in marine insurance claims departments.
• Professionals working in insurance brokerage companies.
• Employees working for insurance agencies and insurance intermediaries.
• Insurance and risk management professionals.
• Professionals working in shipping, transportation, and logistics.
• Individuals seeking to specialize in marine insurance.
• Professionals seeking to enhance their knowledge and prepare for professional insurance qualifications.