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

Masterclass Cargo insurance: April 2027 – Singapore

Please register HERE.

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

to be confirmed

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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