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CERTIFIEDPROFESSIONAL

INSURANCESCHOLARS

MEGA RISK INSURANCE

CERTIFIEDPROFESSIONAL

INSURANCESCHOLARS

This is to certify that Mr. Dhruv Sharma,

has successfully completed the Certificate Program on

Mega Risk Insurance

After compelting the program you would:

1. Different sections of a Mega Risk Policy with their wordings, exclusions, extensions & clauses

2. Mega Risk Insurance in engineering line of business (Dams, Canals, Bridges, Tunnels and Pipelines) with emphasis on the Potential Hazards and Underwriting Criteria’s

3. Reinsurance process under Mega Risk Policies

4. Probable Maximum Loss with practical examples on calculation of PML for a Steel Plant and a Thermal Power Plant

5. Probable Maximum Loss as a basis of Reinsurance in Mega Risk Policies

6. Mega Risk Reinsurance Implications in Property portfolio of a Public Sector Unit with specimen reinsurance slips

7. Case Study on ICA v/s SCOR 1985 regarding Mega risk Claims handling

8. Advance Loss of Profit Insurance in depth along with calculation of ALOP premium

Designed by Insurance Professionals with experience inInsurance Fraud domain

Casestudy and Real-life examples to drive 'real world' learning

Ever increasing Knowledge Base of interactions with Senior Insurance Professionals

Learn from Insurance Experts

Professionals beginning their career in Insurance Industry

Mid-career Profesionals looking to upgrade their career prospects

What’s Included

MEGA RISK INSURANCE

INSURANCESCHOLARS

CERTIFIEDPROFESSIONAL

INSURANCESCHOLARS

Hard-copy Learning Material

Hard-copy Certificate on Completion

Life-Time AccessTo Expert Knowledge Center

Who is it for?

Program Overview

Chapter 1-Introduction, SFSP and IAR PolicySFSP PolicyIAR Policy

Chapter 2- Introduction - Mega Risk PolicyComponents of Mega Risk PolicyOutline of a Mega Risk PolicyScenarios when Mega Risk Policies are issued.Difference between Mega Risk Policy and IAR policy.Challenges faced by underwriters in issuing Mega Risk PolicyLine of Businesses for which Mega Risk policies are com-monly issuedStructure of a Mega Risk Policy

Chapter 3- Section I –All Risk Property Damage -Wordings, Exclusions and ExtensionsWordingsExclusionsExtensions

Chapter 4- Section II-Machinery breakdownInsuring clause, Exclusions, Conditions, ExtensionsInsuring ClauseExclusionsConditionsExtensions

Chapter 5- Section III- Business Interruption- Insuring Clause, Specifications, Definitions, ClausesInsuring clauseSpecificationsDefinitionsClauses

Chapter 6- Exclusions applicable to All Sections

Chapter 7- Conditions applicable to All Sections

Chapter 8-Clauses under a Mega risk PolicyWordings of Important Clauses

Chapter 9- Introduction to Engineering InsuranceContractors All Risk InsuranceCharacteristicsVarious Stages of ProjectsProject Report and StudiesClassification of Construction Risks

Chapter 10- Mega Risks in Engineering LOB-Potential hazards and Underwriting FactorsBRIDGESDAMSBUILDINGSTUNNELSPIPELINES

Chapter 11-Reinsurance under Mega PoliciesIntroductionWhy Insurance companies need reinsurance?Types of Reinsurance contracts with Practical Examples

Chapter 12- All Risks Property Package (Mega Risk) Reinsurance

Chapter 13-Probable Maximum Loss and Risk inspectionsDefinition of PML as per Tariff Advisory CommitteeRisk InspectionLimitation of PMLCase 1 : PML Calculation of Steel Plant:Case 2 : PML Calculation of Thermal Power PlantCase 3: Premium rate calculation: Erection of super critical thermal power plant in Earthquake zone-IICase 4: Premium rate calculation method for Fire policies –Mega Risks

Chapter 14- PML as a basis of ReinsurancePlacement of Mega RiskConsideration for reinsurance placementsProcedure followed for placement of a RI Programme

Chapter 15- MEGA risk reinsurance implications in property portfolio of a PSU.Assessing the re-insurance needsSteps to place an effective R/I program for a MEGA risk policyNeed for coordination between the involved parties for placing “FAC” is the vital task with greater prominence.Reinsurance slips – Specimen

Chapter 16- CASE STUDY- ICA vs SCOR 1985For effective claims handling in a mega risk policy

Chapter 17-Advance Loss of Profit InsuranceRisk AnalysisInsurance ConditionsBasics of ALOPExtensions applicableRisk MonitoringUnderwriting and Premium Calculation

Topics Covered

100% Online - At Home Examination

STEP 1:Enrol & pay online for certificate program

STEP 3:Your study kit reaches in 1 week

STEP 2:Get access to online knowledge center

STEP 5:Learn from the experts online through knowl-edge center

STEP 6:When ready, register for exam in Apr, Aug and Dec

STEP 7:Give exam any where, all you need is internet & a webcamera

STEP 4:Study at your convenience from the course guide

STEP 8:Secure 60% or more in MCQ test to pass

WELL DONE!You are now a InsuranceScholars Certified Professional

Certification Journey

F-37, Diamond District,Bangalore - 560008 helpdesk@insurancescholars.com

INSURANCESCHOLARS

POWERED BYAdvance Secure Remote Test Proctoring With Webcam Monitoring and Intelligent Fraud Detection

3 Convenient exam cycles every year in Apr, Aug & Dec

You pick a convenient date and time (24X7) within Exam Window

7 Days exam window in each cycle

Give exam from Home / Office / Internet Cafe basis your convenience

100 MCQ Questions in 120 Minutes | 60% Pass Percentage

Web CameraMinimum: 0.5 Megapixel

Operating System (Window )Minimum: Windows Vista, 7, 8, 8.1

Operating System ( Mac )Minimum: Mac OS X 10.6

Internet Bandwidth400Kbps(Candidate)

TECHNICAL REQUIREMENTS