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Take the opportunity to introduce yourself and state what you want to learn about and take away from this seminar.
We are currently in an insurance purchasing environment which is weighted in the purchaser’s favour more than at any time that most insurance professionals will be able to recall; yet insurance is being seen as a commodity, rather than an asset to developments. Now is the time to transfer the greatest portion of risk possible with the minimum cost for such cover. Embracing this approach now will likely lead to a prolonged period of broader cover when (or if) the insurance market starts to harden and capacity reduces – with mergers and acquisitions of some major insurers picking up speed, there are some early signs of this change being on the horizon.
This session will be covering six key areas:
Loss prevention represents a key are of focus for both customers – Ports and Terminal, as for insurers. Insurer’s interest, and ultimately profitability, is aligned to not being required to pay claims. It is worth noting that even loss notifications which don’t result in a claim being paid still have a cost impact on insurers.
In this session we will try to answer a key question: Which lines of business will bear the brunt of the losses?
In this in this guided session, you will be discussing:
• Practical aspects relating to claims
• Typical claims in the current market
• How to establish and handle a claim
• What evidence is used to support claims?
Addressing statutory or contractual protection, this session will focus on some of the contractual measures Ports and Terminals can put in place to limit risk exposure.