Lloyd’s and Marine Insurance Markets

Course Info

Length: 1 Week

City: Hamburg

Type: In Classroom

Available Dates

  • Jan-06-2025

    Hamburg

  • Feb-03-2025

    Hamburg

  • Mar-03-2025

    Hamburg

  • Apr-07-2025

    Hamburg

  • May-05-2025

    Hamburg

  • June-02-2025

    Hamburg

  • June-30-2025

    Hamburg

  • July-07-2025

    Hamburg

  • Aug-04-2025

    Hamburg

  • Sep-01-2025

    Hamburg

  • Sep-29-2025

    Hamburg

  • Oct-06-2025

    Hamburg

  • Nov-03-2025

    Hamburg

  • Dec-01-2025

    Hamburg

  • Dec-29-2025

    Hamburg

Dates in Other Venues

  • Dec-16-2024

    London

  • Jan-06-2025

    Athens

  • Jan-13-2025

    London

  • Jan-20-2025

    Dubai

  • Jan-27-2025

    Istanbul

  • Jan-27-2025

    Rotterdam

  • Feb-03-2025

    Athens

  • Feb-10-2025

    London

  • Feb-17-2025

    Dubai

  • Feb-24-2025

    Rotterdam

  • Feb-24-2025

    Istanbul

  • Mar-03-2025

    Athens

  • Mar-10-2025

    London

  • Mar-17-2025

    Dubai

  • Mar-24-2025

    Rotterdam

  • Mar-24-2025

    Istanbul

  • Apr-07-2025

    Athens

  • Apr-14-2025

    London

  • Apr-21-2025

    Dubai

  • Apr-28-2025

    Istanbul

  • Apr-28-2025

    Rotterdam

  • May-05-2025

    Athens

  • May-12-2025

    London

  • May-19-2025

    Dubai

  • May-26-2025

    Rotterdam

  • May-26-2025

    Istanbul

  • June-02-2025

    Athens

  • June-09-2025

    London

  • June-16-2025

    Dubai

  • June-30-2025

    Athens

  • June-30-2025

    Istanbul

  • June-30-2025

    Rotterdam

  • July-07-2025

    Athens

  • July-14-2025

    London

  • July-21-2025

    Dubai

  • July-28-2025

    Istanbul

  • July-28-2025

    Rotterdam

  • Aug-04-2025

    Athens

  • Aug-11-2025

    London

  • Aug-18-2025

    Dubai

  • Aug-25-2025

    Rotterdam

  • Aug-25-2025

    Istanbul

  • Sep-01-2025

    Athens

  • Sep-08-2025

    London

  • Sep-15-2025

    Dubai

  • Sep-29-2025

    Athens

  • Sep-29-2025

    Istanbul

  • Sep-29-2025

    Rotterdam

  • Oct-06-2025

    Athens

  • Oct-13-2025

    London

  • Oct-20-2025

    Dubai

  • Oct-27-2025

    Rotterdam

  • Oct-27-2025

    Istanbul

  • Nov-03-2025

    Athens

  • Nov-10-2025

    London

  • Nov-17-2025

    Dubai

  • Nov-24-2025

    Rotterdam

  • Nov-24-2025

    Istanbul

  • Dec-01-2025

    Athens

  • Dec-08-2025

    London

  • Dec-15-2025

    Dubai

  • Dec-29-2025

    Istanbul

  • Dec-29-2025

    Rotterdam

  • Dec-29-2025

    Athens

Course Details

Course Outline

5 days course

Introduction to Insurance

 

  • Why individuals and organisations purchase Marine insurance
  • Marine Insurance needs of people and organisations
  • Assessing marine Insurance Risk
  • Identifying risk hazards
  • Interpreting Policy wordings
  • Handling Claims
  • Marine Industry regulation and compliance

Who Provides Marine (RA)Insurance?

 

  • Insurance companies
  • Reinsurance companies
  • Lloyd's of London
  • The role of insurance brokers and insurance agents
  • Protection and Indemnity Clubs (P & I Clubs)
  • Insurance and reinsurance pools

The Policy

  • Rules for construction of policy
  • What a policy must specify
  • Types of policies
  • Voyage policy on ship
  • Voyage policy on goods
  • Assignment of Policy

Institute Cargo Clauses

  • Institute Cargo Clauses (1982)
  • Institute Cargo Clauses (2009)
  • Institute time and Voyage Clauses Hulls (1983, 1995, 2003)
  • Unctad model Clauses on Marine Hull and Cargo Insurance (1984)
  • Other Examples of Standard Marine insurance Terms and Conditions.
  • Case Study

Protection and Indemnity Insurance (P & I) and Reinsurance 

  • History and scope of P&I cover
  • Club Cover
  • Club Structure 
  • Principles of Mutuality
  • Underwriting
  • Other services provided by P&I Clubs
  • Distinctive features differentiating Clubs from liability underwriters in the commercial markets 
  • Difference between reinsurance and co-insurance
  • Marine reinsurance contract
  • Forms of reinsurance

Course Video