DRIVING PROFESSIONAL STANDARDS

DRIVING PROFESSIONAL STANDARDS
2015 MII PROGRAMME DIRECTORY
CONTRACTORS’
ALL RISK &
ERECTION ALL
RISK
This course is created to enable participants to develop
a comprehensive understanding on important areas
of Contractors’ All Risk & Erection All Risk Insurance
in a reasonably short time frame.
OIL & GAS
INSURANCE
These courses are created to enable participants to
develop a comprehensive understanding on important
areas of Oil and Gas Insurance in a reasonably short
time frame.
Title
Venue
About
the
Course
3.05 Essential In Contractors’ All Risk (CAR) & Erection All Risk (EAR)
Duration
Time
2 Days 9.00 am to 5.00 pm
The Malaysian Insurance Institute City Centre
Suite 6.0W, 6th Floor, Wisma Sime Darby, Jalan Raja Laut, 50350 Kuala Lumpur, Malaysia.
This course provides participants with extensive knowledge and understanding of the subject matter and the
opportunity to apply their learning to work-based experience.
At the end of this programme, participant will be able to:
• Gain knowledge and acquire a better insight of the scope of construction insurance, general risks, specific risks
civil & mechanical, electrical & associated works
• Appreciate how the CAR & EAR coverages and practical issues
• Enhance the confidence and competency level and able to perform and deliver duties effectively
Title
Venue
Who Should
Attend
3.06 Understanding of Oil & Gas Policies/Contract and Insurance Implications,
Related Risk Management Process
Duration
Time
3 Days 9.00 am to 5.00 pm
The Malaysian Insurance Institute City Centre
Suite 6.0W, 6th Floor, Wisma Sime Darby, Jalan Raja Laut, 50350 Kuala Lumpur, Malaysia.
This course is designed for participants who would like to understand Production Sharing Contracts obligations,
and are not familiar with Oil & Gas Insurance coverages, associated Contractual obligations and responsibilities,
particularly in the crucial areas of Liability, Indemnity and Insurance.
Underwriters, Brokers, Contractors, Lawyers, Finance personnel, Regulators, Marketing officers and Agent
who are keen to capitalize on the numerous opportunities in this Industry.
Participants should possess a basic knowledge of insurance and/or reinsurance.
Key
Course
Contents
The scope of construction
Insurance
• Contract Conditions
• Contract Works
• Other Construction cover
• Third Party Liability
• Consequential Loss
• Single project policies and annual
policies
• Defects liability or maintenance
cover
• Deductible/ excess levels
• Covers not normally included
General risks
• Fire and Explosion
• Natural perils
• Handling, accidental damage
• Human element
• Design and defective
workmanship or materials
• Other considerations
• Third party liability exposures
Specific risks - civil
• Airport works
• Bridges Building works
• Dams
• Groundwork
• Marine works
• Ground works
• Reservoir
• Railway
• Roads
• Sewage
Specific risks – mechanical,
electrical and associated works
• Erection hazards
• Testing and commissioning
hazards
• Maintenance hazards
• Third party hazards
Standard construction conditions
of contract
• Joint Contracts Tribunal building
contract forms
• Institution of Civil Engineers civil
engineering conditions of contract
• FIDIC conditions of contract
• CIDB
• JKR
• PAM 2006
Underwriting considerations
• Underwriting approach
• Technical premium-rating
• Risk requiring particular
consideration
• Other insurance factors
• Contractual factors
• Minimum information requirements
• General risk categorisation
Material damage
• Loss of or damage to the property
insured
• The property insured
• Sum insured
• Period of insurance
• Places covered
Key Learning
Outcomes
Key Learning
Objective
Key Course
Contents
Upon completion of the course, participants would be able to appreciate:
• The Malaysian Oil & Gas Environment
• What the Oil & Gas business is all about
• The Key features of a major insurance programme
• How the multiple risk exposures are covered
• A typical Risk Management Philosophy and the risk management/insurance process
• The intricacies of Oil & Gas Contracting
• Achieve a better understanding of Oil & Gas Operation and related exposures
• Appreciate key Policy conditions and coverage provided
• Better position insurers’ ability to underwrite operational risks
• Appreciate key Risk Management conditions in contracting and how these affect Operators and
Contractors
• Enhance underwriter’s ability to insure contractors’ risks
• The lecturer will guide participants through a comprehensive review of the Oil & Gas insuring environment,
describe the risk management process, and thoroughly review a major contract’s provisions
• The Course is designed to impart Risk Management/Insurance skills to participants to enable them to
enhance their knowledge and respond to their clients’ needs
• Understanding the Malaysian Oil & Gas Environment
• Overview of the Multiple facets of oil & Gas Activities and Exposures
• Work carried out by contractors
• Review a typical Major Oil & Gas Insurance Programme with detailed analysis of each section’s coverage
• Analysis of typical Liabilities, Indemnities and Insurance Provisions in Contracting
• Identifying Responsibilities and Obligations of Operator vs Contractor: insurance and non-insurance
• Discussion on Emergency scenarios
FEES
FEES
LOCAL
RM 1,600
INTERNATIONAL
USD 550
LOCAL
RM 2,300
INTERNATIONAL
USD 770
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