Marine Hull: Understanding Vessels And Insuring Them

Programme Highlights

This 1-day programme offers essential insights into Marine Hull underwriting. Participants will explore the historical origins of Lloyd’s, the fundamentals of ship construction and operations, and the key risk exposures involved. The course provides a thorough grounding in core underwriting principles and focuses on various vessel types and the distinct risks they present.

Practicalguidance is given through underwriting recommendations and warrantyconsiderations. In addition, the programme reviews common types of claims andoutlines effective handling strategies to facilitate timely settlements. Thecourse also features eight instructional videos to enhance the learningexperience.

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7 CPD Hours
Mode: Face-to-Face Training
Date: 5 September 2025
Time: 9.00 a.m. to 5.00 p.m.

For Whom

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.

Key Learning Objectives

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.

Programme Outline

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

Programme Leader

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

Programme Fee

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

Last Updated Date:

10/7/25