• Underwriters, Managers, Business Development and Marketing Executives from insurance/reinsurance companies with at least 3 years’ experience in handling IAR and MB covers
• Managers and Executives from insurance broking/reinsurance broking firms with similar experience
• Also suitable for Loss Adjusters, Claims Handlers and Insurance Practitioners wishing to learn more about IAR and MB covers and claims matters

At the end of the programme, participants should be able to:

• Understand the coverage of IAR policies and their application as well as how to manage relevant risks effectively
• Appreciate the operational and practical challenges not to mention concerns that Insurers, Brokers and other stakeholders need to address when managing IAR risks
• Discuss how operational Machinery Breakdown risks are covered and their related insurance coverages.
• Understand the need for risk surveys and loss minimization surveys for IAR and MB risks.
• Analyze the methods of evaluating of IAR & MB claims

Day One

• Introduction to IAR/ MB Policy Coverage
  
  • Recent developments and machinery in Singapore/ Asia
  • The common IAR policy forms in the region
  • The clauses and warranties that are commonly incorporated in IAR policies and their impact on risk exposure
  • Claims case study
  • The MB policy – material damage coverage; operative clause, conditions and exclusions.
  • MB policy limits, cover period, related terms, special clauses and endorsements
  • Case studies: issues and application of key concepts
  • Questions & Answers

Day Two

• Technical issues at plants and conducting risk surveys
  
  • Practical examples of difficulties encountered by claimants and plant/ equipment owners
  • Maintenance aspects of plant facilities
  • Risk surveys and loss prevention recommendations
  • Case study
  • Site visit  - Manufacturing plant
  • Briefing by Plant Manager – Practical aspects and technical issues

Pooba Mahalingam - Regional Risk Consultant is based in Singapore with three decades of practical experience in risk/ insurance. Pooba is a professional engineer and operates under “Talent Asia Training & Consulting” of Singapore. He is specialized in the insurance space with special focus on property/ engineering/ construction insurance and risk management aspects.  Pooba has provided Expert Evidence in a few technical disputes in Singapore, Malaysia, Brunei and Sri Lanka. He served as the President of the Insurance Law Association of Singapore (ILAS) for three terms.

Pooba is a regular lecturer with the Singapore College of Insurance (SCI),  the Malaysian Insurance Institute (MII), The Insurance Institute of Asia Pacific (IIAP) based in Philipines and  Thailand Insurance Institute (TII).  He is also the Author of a MII publication entitled, “Engineering Insurance.”  Besides training, Pooba also undertakes property risk surveys and provides consultancy services to various clients (reinsurers, insurers and brokers) in Singapore, Kuala Lumpur and in the following regions: Asia, Middle East & Africa

Full Course Fee: S$827.31 (incl. of 9% GST)

Net Course Fee: S$599.61 (incl. of 9% GST and after 30% FTS funding) for Singapore Citizens below 40 years old and Singapore Permanent Residents

Net Course Fee: S$327.31 (incl. of 9% GST and after 70% FTS funding) for Singapore Citizens aged 40 years old and above