• Marine Underwriters from insurance and reinsurance companies with 2 to 5 years of industry experience.
• Insurance and Reinsurance Brokers with 2 to 5 years of experience in handling Marine Hull Insurance.
• Marine Hull Claims Practitioners and Loss Adjusters with 2 to 5 years of experience managing Marine Hull Insurance claims.
• Professionals from the Shipping and Maritime Industries who wish to deepen or reinforce their understanding of Marine Hull Insurance.

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

• Understand the Marine Insurance Act 1906 and its application, along with key updates and commentary from the Insurance Act 2015.
• Describe how vessels are constructed and operated, including ship repair processes, and understand how associated shipyard risks are assessed and rated.
• Identify the various risk exposures in marine operations and gain a practical understanding of the shipping industry’s functions.
• Acquire foundational knowledge of Marine Hull Insurance and coverage structures.
• Apply underwriting concepts to assess and rate different types of vessels and associated Marine Hull risks.
• Recognize the common types of claims that may arise in Marine Hull Insurance.

• Legal Framework of Marine Hull Insurance
• History of Lloyd’s of London
• Review of a Historical Lloyd’s Market Placement Slip
• Shipbuilder’s Risk Clauses and Rating Methodologies
• Shipbuilding and Repair Costs: Implications for Rating and Claims
• In-Depth Study of 25 Vessel Types
• Underwriting Recommendations and Warranties by Vessel Type
• Basis of Rating, Rating Models, and Deductibles for Hull & Machinery (H&M)
• Institute Time Clauses (1.10.83) – Clauses 280, 284, and 289
• Claims Response under Institute Time Clauses (1.10.83)
• Key Commercial Considerations for Marine Hull Underwriters

Mark Stevens has over 50 years of experience in the marine insurance market, including being a Lloyd’s broker, division head and country head. Based in Asia since 1993, he lectures regularly, and he is the author of three books on offshore oil & gas insurance, marine risk management, and large construction projects.

Full Course Fee: S$539.55 (inclusive of 9% GST)

Participants who register by 4 July 2026 will be entitled to a 10% Early Bird Discount.

A 10% Group Discount is also applicable for organisations registering a minimum of three participants.

Please note that the Early Bird and Group Discounts are not cumulative.

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Net Course Fee*: S$292.05 (incl. of 9% GST and after 50% MCF funding)

for Singapore Citizens and Singapore Permanent Residents

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*Eligible participants are required to pay the net course fee only upon registration.

Please click here for information on the MCF Training Grant.