We are excited to present IUMI’s brand new online hull tutorial which is a training course tailored specifically for intermediate level hull underwriters who wish to deepen their knowledge and expertise in hull insurance. This e-learning course is also suitable for all maritime professionals with an interest in marine hull insurance such as maritime lawyers and surveyors. Students can start the self-paced learning programme at any point in time. The online tutorial consists of 13 modules, all set up in an engaging and interactive fashion. Throughout the course American, English, German, and Nordic Plan policy wordings are compared and contrasted:
1. Ships 101
2. Particular average including sue and labour
3. Collision liability
4. General Average and Salvage
6. War and strikes
7. Operational considerations
9. Additional insurances
10. Additional clauses
11. Loss of hire
12. Mortgagees’ interest insurance
13. Builders’ risk
The estimated time to work through all 13 modules is 70-80 hours. More detailed information about the content of the 13 modules is available in this brochure.
A video including a live demo of the tutorial can be viewed HERE.
To get a better understanding of how the online tutorial works in practice you can check out this free trial of module 1: "Ships 101"
Click HERE to sign up for the hull tutorial. Since it is a flexible, self-paced learning programme there are no specific dates when the course commences and you can enrol at any time.
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 hull 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 of the 13 modules.
The enrolment fee is EUR 650.00 (excl. VAT) for IUMI members and EUR 1,040.00 (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.
IUMI members will be granted the reduced membership fee 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.
Students can choose to take an examination at the end of the thirteen 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: March, June, September, December. Sample questions to provide an overview of the question types can be viewed HERE.