We are excited to present IUMI's online learning cargo tutorial which is tailored specifically for intermediate level cargo underwriters who wish to deepen their knowledge and expertise in cargo insurance. Registration is now open and students can sign up to start this self-paced online training programme at any point in time. The tutorial consists of eleven modules, all set up in an engaging and interactive fashion:
1. Introduction to international trade
2. Particular average and sue and labour
3. General average and salvage
5. War and strikes
6. Duration provisions
8. Stock throughput
9. Project cargo
10. Additional clauses (added by broker or underwriter)
11. Trade clauses
The estimated time to work through all eleven modules is 60-80 hours.
Click HERE to sign up for the tutorial. Since it is a flexible, self-paced leaning programme there are no specific dates when the course commences and you can enrol at any time.
IUMI members will be granted the lower fee of EUR 550.00 when they register in the IUMI Shop and choose their respective membership category. IUMI members are:
- Employees of insurance companies who are a member of one of IUMI's national insurance associations
- Employees of IUMI Professional Partners (IPPs)
- Employees of IUMI Affiliates
When you register in the IUMI Shop for the first time you will need to create a personal account linked to your individual work email address. Please note that login details provided by your member association for the IUMI website cannot be used for the IUMI Shop.
Level of experience the tutorial is aimed for
The way the online course has been set up, it is suitable for young underwriters who are new in the industry and who have no knowledge at all. , Ideally, they use the student activities in particular to gain greater knowledge of their own business.
Individuals who will gain most from the cargo tutorial are those who have approx. 3-5 years experience and have had some exposure to the book of business that their insurer is writing. For them the opportunity to ask questions and think about what they are actually seeing and doing within their own organisation will be greater and they will derive a different benefit overall through application and reinforcement of knowledge as well as merely gaining knowledge afresh.
The tutorial can also be viewed as a relevant source of information even for senior underwriters who wish a brief refresh on a single topic such as stock throughput or trade clauses, etc.
The enrolment fee is EUR 550.00 (excl. VAT) for IUMI members and EUR 880.00 (excl. VAT) for non IUMI members.
An additional fee of EUR 90.00 will be charged for students who wish to take the exam and earn an IUMI certificate.
Students can choose to take an examination at the end of the eleven modules. An additional fee of EUR 90.00 will be charged to students who wish to sit the exam. Students who choose to sit the exam and who pass it will be awarded a certificate from IUMI which includes their score. The pass mark for the exam is 70%. Students achieving 90% or higher are awarded a certificate with distinction. The exams are scheduled four times a year (once per quarter).