DRIVING PROFESSIONAL STANDARDS
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<strong>DRIVING</strong> <strong>PROFESSIONAL</strong> <strong>STANDARDS</strong><br />
2015 MII PROGRAMME DIRECTORY<br />
BUSINESS<br />
INTERRUPTION<br />
INSURANCE<br />
These courses are designed to provide<br />
participants with a sound working knowledge<br />
and understanding of the key concepts and<br />
issues related to Business Interruption Insurance.<br />
Title<br />
1.11 Intermediate Course in Engineering Insurance - Claims<br />
Title<br />
1.12 Foundation Course in Business Interruption Insurance (Updated)<br />
Duration<br />
Time<br />
Duration<br />
Time<br />
2 Days 9.00 am to 5.00 pm<br />
2 Days 9.00 am to 5.00 pm<br />
Venue<br />
The Malaysian Insurance Institute City Centre<br />
Suite 6.0W, 6th Floor, Wisma Sime Darby, Jalan Raja Laut, 50350 Kuala Lumpur, Malaysia.<br />
Venue<br />
The Malaysian Insurance Institute City Centre<br />
Suite 6.0W, 6th Floor, Wisma Sime Darby, Jalan Raja Laut, 50350 Kuala Lumpur, Malaysia.<br />
Who Should<br />
Attend<br />
• Insurance Industry Personnel with basic knowledge in Insurance or Engineering Insurance<br />
• Non - insurance personnel whose work require an understanding or practical knowledge of the subject<br />
• Anyone who requires knowledge of insurance<br />
Who Should<br />
Attend<br />
• Insurance staff and agents with basic knowledge of insurance<br />
• Non - insurance personnel whose work require a basic understanding or a practical knowledge of the subject<br />
• Anybody who requires knowledge of insurance<br />
Key Learning<br />
Outcomes<br />
Key Course<br />
Contents<br />
At the end of the course, participants will be able to:<br />
• Describe the general principles and practice of claims handling, claims procedures, claims reserving and<br />
claims adjustment in relation to engineering classes of insurance<br />
• Appreciate the special features of engineering claims investigation and adjustment and common liability<br />
issues which may give rise to disputes in the claims settlement process<br />
• Policy coverages under Engineering Insurance<br />
- Boiler and Pressure Vessel Insurance<br />
- Machinery Breakdown Insurance<br />
- Machinery Breakdown Consequential Loss Insurance<br />
- Electronic Equipment Insurance<br />
- Deterioration of Stock<br />
• Claims procedures & documentation<br />
• Role of loss adjusters/engineers<br />
• Investigation & adjustment of claim<br />
• Claims reserving<br />
• Claims disputes<br />
• Recoveries<br />
• Case studies<br />
FEES<br />
MEMBER<br />
RM 1,200<br />
GROUP MEMBER<br />
RM 1,150<br />
NON MEMBER<br />
RM 1,400<br />
GROUP NON MEMBER<br />
RM 1,350<br />
INTERNATIONAL<br />
USD 400<br />
GROUP INTERNATIONAL<br />
USD 380<br />
Pre-Requisite<br />
Key Learning<br />
Outcomes<br />
Key Course<br />
Contents<br />
Basic knowledge of insurance principles is essential<br />
At the end of the course, participants would be able to:<br />
• Define how business interruption insurance works.<br />
• Recognize the financial statements.<br />
• State the scope of cover in business interruption insurance including Gross Profit Specification.<br />
• List the various forms of wages cover available in business interruption insurance.<br />
• Give proper advice to policyholders on selecting appropriate Maximum Indemnity Period and setting<br />
appropriate sum insured.<br />
• Describe the risk consideration factors in business interruption insurance.<br />
• Explain the rating approach applicable to business interruption insurance.<br />
DAY 1<br />
Session 1 – Introduction To Basic Concepts<br />
Session 2 – Financial Statements<br />
Session 3 – Introduction To The Policy<br />
& Gross Profit Specification<br />
FEES<br />
MEMBER<br />
RM 900<br />
GROUP MEMBER<br />
RM 850<br />
NON MEMBER<br />
RM 1,100<br />
GROUP NON MEMBER<br />
RM 1,050<br />
INTERNATIONAL<br />
USD 300<br />
GROUP INTERNATIONAL<br />
USD 280<br />
DAY 2<br />
Session 4 – The Insurance of Wages<br />
Session 5 – Indemnity Period & Sum Insured<br />
Section 6 – Risk Management & Underwriting<br />
Section 7 – Case Studies<br />
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