Masterclass Cargo insurance: April 2027 – Singapore
Singapore, 6 – 9 April 2027

This unique qualification programme has been designed by cargo insurance specialists to offer an exclusive opportunity to deep dive into key concepts of this class of business.
Gain insights into contracts of affreightment, international programmes, coverage extensions, ESG/sustainability, geopolitics and portfolio management:
— Delivered by top level industry experts
— Opportunity to learn & network
— Comprehensive overview for senior underwriters
— 3.5 days programme including two evening events
— Limited spaces available
This unique qualification programme has been designed by cargo insurance specialists to offer an exclusive opportunity to deep dive into key concepts of this class of business.
Gain insights into contracts of affreightment, international programmes, coverage extensions, ESG/sustainability, geopolitics and portfolio management:
— Delivered by top level industry experts
— Opportunity to learn & network
— Comprehensive overview for senior underwriters
— 3.5 days programme including two evening events
— Limited spaces available
Module A: Contracts of affreightment
- Introduction to carriage of goods
- Contracts of carriage
- Case study
Module B: International programmes
- Definition & key actors
- Putting together an international programme
- Structure of international programmes
- Non-admitted policy: “Non-Admitted but Permitted” vs “Non-Admitted Non Permitted”
- Local policies – insurance conditions / critical topics
- Financial interest – DIC/DIL – Reverse DIC: Additional clauses to master policy
- Insurance premium taxes
- Local policies reinsurance
- Group exercise: Master DIC/DIL coverage on local policy loss
Module C: Coverage extensions
- Static cover storage misappropriation
- Brands / control of damaged goods
- Understanding clauses
- Case study: Clause wordings
- Understanding frequently used non-institute clauses including their interpretations and implications
Module D: Loss prevention and claims & ESG/sustainability
- Loss prevention and claims
- Change of insured assets
- Sustainability of clients and industries
- ESG issues with impact on marine insurance
- Relevant ESG initiatives & legislation
Module E: Geopolitical aspects
Security threats to shipping
Sanctions, Protectionism & War risks
- Current rules and regulations
- Due diligence
- Trade credit rejection risk
- Risks when breaching sanctions
Module F: Portfolio Management
- P&L
- Cycle Management
- Reinsurance & Portfolio-level Thinking
- Case Studies
Plus: Site visit & networking
- Site visit tbd
- Special dinner with high-level keynote address
- Networking reception
Introduction: Cristina Guerrero, Policy Officer at IUMI
Cristina Guerrero is a Policy Officer at IUMI. In this role, she supports the development of IUMI’s policy and advocacy efforts and helps coordinate the work of IUMI Technical Committees.
Prior to joining IUMI, Cristina was a Senior Policy Advisor at UNESPA, the Spanish insurance association, where she monitored and analysed key legislative developments at EU and national levels. She previously worked as a Policy Advisor at Insurance Europe in Brussels, a trade association representing insurance and reinsurance undertakings that account for around 95% of total European premium income.
Cristina holds a Master’s in European Union Law from Maastricht University and a Double Bachelor’s in Law and Political Science from the University of Valencia.

International Programmes: Peter Schraa, Underwriting Manager Marine, HDI Global SE Singapore
Peter is a senior marine insurance professional with deep expertise in managing international programs and cross border underwriting across Europe and Asia Pacific. With more than 30 years of global experience, he has guided regional underwriting teams, strengthened governance frameworks, and ensured consistent program delivery for multinational clients. Peter has contributed to the growth of international portfolios at major international insurers, supporting complex global placements and aligning underwriting standards across multiple jurisdictions.
In his current role as Underwriting Manager Marine at HDI Global SE Singapore, he continues to enhance international program capabilities and drive sustainable growth across global markets.

Coverage extensions and Geopolitical aspects: Lu Yuan Leong, Director, Clyde & Co.
Lu Yuan is a Director in the Shipping and Trade practice of Clasis LLC (associated with Clyde & Co). Her primary focus is shipping, international trade and marine insurance disputes, acting for insurers, P&I Clubs, shipowners, charterers, cargo interests and logistics services providers in disputes before the Singapore Courts and in local and international arbitration.
Lu Yuan’s shipping experience includes ship collisions, oil pollution matters, charterparty disputes, claims for mis-delivery of cargo, cargo damage and loss of cargo, disposal of abandoned cargo carried by air and sea, and marine insurance claims involving issues such as insufficient packaging, inherent vice and fraud. She also advises on non-contentious and transactional matters, including advising on and drafting contracts for the provision of the sale and purchase of vessels, shipbuilding contracts, crew agreements, standard fixture note / charterparty terms, and contracts for the sale and purchase of bulk cargo.
Lu Yuan is a Senior Accredited Specialist in Maritime and Shipping Law (Singapore Academy of Law), an Associate Mediator on the Maritime Panel of the Singapore Mediation Centre, and a Fellow of the Singapore Institute of Arbitrator, and has been ranked as a Litigation Star (Singapore: Shipping) by Benchmark Litigation.

Sustainability and ESG: Wan Jing Tan, Vice President, South East Asia, Gard AS
Wan Jing is a lawyer, qualified in both Singapore and England & Wales. She has Bachelor of Laws and Masters (Maritime Law) degrees from the National University of Singapore. Immediately prior joining Gard, she worked with a shipping law firm in Singapore, with a focus on maritime, shipping and trade disputes, arbitration and litigation.
Wan Jing is now Vice President in Southeast Asia market. She assists Gard’s Owners and Charterers Members and Charterer & Trader clients on legal and P&I disputes and claims in South East Asia, India and Australia. She is also part of a team within Gard focusing on sustainbility and decarbonisation.

Sustainability and ESG: Amit Kamo, Senior Loss Prevention Executive, Gard AS
With a background as a Master Mariner on oil tankers, he joined Gard in 2024 following earlier experience in marine surveying, consultancy, an oil major, and ship management. He holds an MSc in Maritime Studies from NTU, Singapore.

Coverage extensions: Bo Yu, Head of claims Asia, Markel International & Member of the IUMI Legal & Liability Committee
Bo joined Markel Singapore in 2020, most recently serving as Head of Claims for Asia, overseeing claims for Marine, Energy, Casualty, and Professional Financial Risks.
With over 14 years of experience, his career began in 2011 at Dolphin Claims with responsibilities in cargo claims adjustment and recovery. He subsequently worked at Marsh Singapore as a Claims Broker and Claims Advocate, handling claims relating to Cargo, Hull, P&I, and Marine Liability. Prior to his current position, he also managed similar type of marine claims at direct insurers including Great American and QBE.
Bo has served on the Legal & Liability Committee of IUMI since 2022. Committed and passionate to knowledge sharing, he is actively contributing to the IUMI Masterclasses for Cargo and Hull by developing curriculum content and delivering lectures. Bo holds a Bachelor of Arts in Economics and a Graduate Diploma in Maritime Law and Arbitration from the National University of Singapore.

Loss prevention and claims: Arjit Pall Singh, Master Mariner MBA, Senior Risk Consultant, Asia Pacific & Trade Sector Manager, Axa XL
Arjit is a seasoned maritime professional with over 30 years of experience in the marine industry. A qualified Master Mariner who transitioned into risk management, he has worked with international traders across diverse commodities to develop strategies that mitigate risks and enhance safety.
With more than a decade in marine insurance loss prevention, his expertise spans cargo, hull, and marine liabilities. Combining hands-on maritime experience with strategic risk analysis, Arjit brings valuable insight to safeguarding assets. He has led in-depth investigations into severe marine casualties, identifying root causes and implementing measures that significantly reduced portfolio losses.

Risk accumulation & the role of actuaries : Ishita Bhatia FIA, Group Head of Specialty Pricing, QBE
Ishita is Group Head of Specialty Pricing at QBE and a senior actuarial leader based in Singapore. She leads global pricing strategy and portfolio governance across major Specialty classes including Marine, Natural Resources, Aviation, Construction & Engineering, and Renewables. A qualified actuary, she also holds a certificate in London Market Insurance.
Ishita brings deep expertise in portfolio level loss dynamics, aggregation, volatility management, and coverage structures across underwriting cycles, spanning both short tail and longer tail specialty business. She works closely with underwriting and claims leadership internationally to support disciplined, evidence based decision making and sustainable performance. Ishita is a recognised industry subject matter expert and serves as an SME and instructor with the Singapore College of Insurance, actively contributing to capability development and professional education across the marine and specialty insurance market.

The course is suitable for senior practicing underwriters and senior cargo claims professionals with significant experience who want to gain a greater knowledge of their class of business. The programme is also suitable for experienced maritime professionals with an interest in marine insurance such as brokers, insurance managers, surveyors, etc.
The programme will help delegates to acquire new insights and to expand their knowledge in key concepts and topics relevant to senior underwriters and claims professionals:
- Contracts of affreightment
- International programmes
- Coverage extensions
- Loss prevention and claims
- Sustainability in marine insurance
- Geopolitical aspects & war risks
- Portfolio management
The aim of the course is to enable attendees to anticipate and navigate the more complex and challenging aspects of cargo underwriting and claims handling successfully.
IUMI members*
early bird fee: €2,250 + VAT (until 18 January 2027)
general fee: €2,490 + VAT
*Employees of companies who are a member of one of IUMI’s member associations, employees of IUMI Professional Partners (IPPs), employees of IUMI affiliates)
Non-members
early bird fee: €3,000 + VAT (until 18 January 2027)
general fee: €3,490 + VAT
The participants fee covers all course materials, access to the digital learning space, refreshments throughout the day, including a mid-day lunch on each course day, one 3-course presentation dinner and a drinks reception.
Travel, accommodation and related expenses are borne by the delegates.
Please register HERE.
IUMI’s Education Forum decided to award one bursary to an IUMI member for each Masterclass Cargo Insurance and Masterclass Hull Insurance. The bursaries shall serve as an incentive for marine insurers to participate in these training courses and benefit from the learning and networking opportunities provided during the programmes.
Please find the criteria for awarding the bursary HERE.
The deadline for Singapore 2027 is: 1 February 2027
Please send your application to: education@iumi.com
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