Lloyd’s and Marine Insurance Markets training course

Available Dates

Venue

Dec-04-2023

Dubai
Dec-11-2023

Istanbul
Dec-11-2023

Rotterdam
Dec-25-2023

London
Jan-15-2024

Dubai
Jan-22-2024

Hamburg
Jan-22-2024

Athens
Feb-05-2024

Rotterdam
Feb-05-2024

Istanbul
Feb-19-2024

London
Mar-04-2024

Hamburg
Mar-04-2024

Athens
Mar-18-2024

Dubai
Apr-01-2024

Rotterdam
Apr-01-2024

Istanbul
Apr-15-2024

London
May-06-2024

Hamburg
May-06-2024

Athens
May-20-2024

Dubai
June-03-2024

Rotterdam
June-03-2024

Istanbul
June-17-2024

London
July-01-2024

Athens
July-01-2024

Hamburg
July-15-2024

Dubai
Aug-05-2024

Istanbul
Aug-05-2024

Rotterdam
Aug-19-2024

London
Sep-02-2024

Hamburg
Sep-02-2024

Athens
Sep-16-2024

Dubai
Oct-07-2024

Rotterdam
Oct-07-2024

Istanbul
Oct-21-2024

London
Nov-04-2024

Hamburg
Nov-04-2024

Athens
Nov-18-2024

Dubai
Dec-02-2024

Rotterdam
Dec-02-2024

Istanbul
Dec-16-2024

London

Course Details

The course is designed to provide an understanding of the operation of Lloyd's within the Global Insurance Market. The course includes a brief history of Lloyd's up to the present day and the important roe it plays.

This programme will provide delegates with a foundation level of insurance and the various organisations which are part of the Lloyd’s insurance market.

Gaining a comprehensive understanding of marine insurance
provide you with the confidence to deal with the claims situations faced in the maritime industry
insurance as a risk transfer mechanism
the nature of risks which can and cannot be insured
types of risks which are insured by Lloyd’s of London
classes/lines of insurance transacted by Lloyd’s of London
why Lloyd’s of London is an international insurance marketplace
the role of the LMA as a voice for the marketplace
the organisation of Lloyd’s and the differences between a Lloyd’s syndicate and a managing agent
how an insurance programme is set up for a major buyer of insurance including the subscription system
the arrangement/placing of risks into the Lloyd’s market
regulation of the Lloyd’s insurance market
why insurers buy reinsurance and an overview of reinsurance.

ship owners
operators
managers seeking to develop their business and commercial knowledge.
maritime and insurance personnel
Containers terminals personnel
Lawyers
Shipping agencies managers
claims handlers and underwriters
loss prevention and risk managers

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

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

Lloyd’s and Marine Insurance Markets

Course Info

Available Dates

Venue

Course Details

Course Outline

5 days course

Course Video

Lloyd’s and Marine Insurance Markets

Course Info

Available Dates

Venue

Course Details

Course Outline

5 days course

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