The British Academy for Training and Development offers this training program on General Insurance (Fire – Engineering – General Accidents – Allied Risks), aimed at enabling participants to understand the operational mechanisms in non-life insurance and equipping them with analytical and practical skills to manage risks and provide effective insurance solutions.

The program covers various types of general insurance, focusing on core areas such as fire insurance, engineering insurance, general accidents, and allied risks, analyzing each type in terms of concepts, coverage scope, conditions, and practical applications in the insurance market.

This program addresses the rapid developments in the insurance sector and the increasing need for specialized professionals capable of handling legal and technical updates and efficiently managing insurance portfolios.

Who Should Attend?

• Insurance company employees working in general insurance departments.

• Risk and insurance managers in industrial companies and institutions.

• Professionals working in insurance brokerage and consultancy offices.

• Accountants and auditors dealing with insurance policies and costs.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Understand the fundamental concepts of general insurance and their practical applications.

• Recognize the components of insurance policies and types of coverage used in the market.

• Develop skills in risk analysis and identifying insurance needs.

• Enhance the ability to prepare and interpret fire, engineering, and general accident policies.

• Build a knowledge base to manage claims and settle losses effectively.

• Concept of Insurance and Its Basics

  • Definition of insurance and its main types.

  • Differences between general insurance and life insurance.

  • Objectives and functions of insurance in the economy.

• Elements of an Insurance Policy

  • Parties involved in the insurance contract.

  • General and special terms of policies.

  • Legal principles of insurance.

• Risk Management in Insurance

  • Definition and types of risks.

  • Methods of dealing with risks.

  • The role of insurance in transferring and distributing risks.

• Fire Insurance Concepts

  • Definition and scope of fire insurance.

  • Properties covered under the policy.

  • Causes of fire and coverage conditions.

• Fire Insurance Policy

  • Policy components and endorsements.

  • Liability limits and exclusions.

  • Valuation of insured assets.

• Claims Procedures and Loss Compensation

  • How to submit a claim.

  • Damage assessment and investigation process.

  • Compensation payment and reinsurance.

• Types of Engineering Insurance

  • Contractors’ all-risk insurance.

  • Erection all-risk insurance.

  • Machinery and equipment insurance.

• Engineering Insurance Policies

  • Coverage of main policies.

  • Insurance periods and extension conditions.

  • Special endorsements and exclusions.

• Technical and Professional Risks

  • Evaluation of construction project risks.

  • Design and execution errors.

  • Contractors’ and consultants’ responsibilities.

• Introduction to General Accidents Insurance

  • Definition of personal and general accidents.

  • Difference between individual and group insurance.

  • Risks covered under accident policies.

• Types of General Accident Policies

  • Liability insurance policies.

  • Work injury insurance.

  • Personal accident insurance.

• Claims Settlement for Accidents

  • Documentation and claim submission.

  • Proof of liability and negligence.

  • Arbitration and compensation procedures.

• Allied Risks

  • Definition and types of allied risks.

  • Difference from the primary risk.

  • Examples: explosions, storms, floods.

• Integrating Allied Risks in Insurance Policies

  • Conditions for including allied risks.

  • Additional coverage and special endorsements.

  • Effect on insurance premiums.

• Risk Assessment and Insurance Valuation

  • Estimating losses from allied risks.

  • Preparing technical inspection reports.

  • Coordination with relevant authorities for valuation.

• Reinsurance Concepts

  • Definition and function of reinsurance.

  • Difference between direct insurance and reinsurance.

  • Types of reinsurance (facultative / treaty).

• Risk Distribution Among Companies

  • Methods to distribute risk and reduce losses.

  • Reinsurance companies’ obligations.

  • Role of global reinsurance firms.

• Relationship Between Insurer and Reinsurer

  • Common contractual terms.

  • Joint claims management.

  • Coordination during major disasters.

• Legal Framework of Insurance Contracts

  • Sources of insurance regulations.

  • Legal obligations of both parties.

  • Termination, renewal, and dispute resolution.

• Supervision of Insurance Companies

  • Role of regulatory authorities.

  • Licensing and performance monitoring requirements.

  • Protection of policyholders’ rights.

• Arbitration in Insurance Disputes

  • Concept of insurance arbitration.

  • Conditions for referring disputes to arbitration.

  • Procedures for out-of-court dispute resolution.

• Preparing General Insurance Portfolios

  • Structuring an insurance portfolio.

  • Managing risk balance.

  • Analyzing technical and financial results.

• Technical Pricing of Insurance Contracts

  • Factors affecting pricing.

  • Relationship between risk rate and insurance premium.

  • Underwriting tools and pricing methods.

• Performance Monitoring and Policy Improvement

  • Performance indicators for insurance policies.

  • Periodic review of policy terms.

  • Product development according to market needs.