The insurance market continues to receive notification of COVID-19 related losses from around the world. Its financial impact on the insurance market has still not been fully quantified but is likely to be significant.

At the same time, the reputation of the insurance market has taken a hit as many businesses are unhappy that their property damage/business interruption coverage did not protect them in this scenario. And the industry has been rapidly accelerating into a digital world as brokers and insurers from around the world have adapted to home working. How will COVID-19 impact insurance in the long term?

Learning Outcomes
At the end of this program, participants will be able to:

  • Identify the classes of insurance which have been and are likely to be impacted by COVID-19 losses.
  • Have an overview on the potential financial and reputational damage suffered by the insurance market.
  • Describe how insurers are reacting to those losses.
  • Discuss how the insurance market may change in the longer term.

Course Content:

  • Classes of insurance affected by COVID-19
  • Claims handling
  • Policy coverage issues
  • Customer complaints
  • Introduction of COVID-19 exclusions
  • Financial impact on global insurance & reinsurance market
  • The Future

Speaker’s Profile
Neil Park is an experienced trainer and consultant currently working in the insurance industry in United Kingdom and internationally. He delivers workshops in technical insurance (including property, business interruption, liability, professional indemnity, directors’ and officers’ liability and cyber risk), risk management, insurance broking and sales and negotiation skills.

He has a strong commercial insurance background, with working experience for 20 years at international brokers both in London and North America, leading teams and managing major client relationships.

Neil is a Fellow of the Chartered Insurance Institute (FCII) as well as having an MA in Economics from the University of Cambridge and an MBA.

Date and Time
Date: 28 October 2020
Time: 3:00 p.m. – 5:00 p.m. (Kuala Lumpur time) | 7:00 a.m. – 9:00 a.m. (London time)
Registration Closes: 19 October 2020

Registration Fee
MII/CII Members: Local RM 150.00 | International USD 37
Non Members: Local RM 250.00 | International USD 50


For more information about MII’s virtual programmes, visit our #VirtualLearning microsite or call us at +603 2712 8882 or email events@mii.org.my or sales@mii.org.my

Be safe and stay strong.

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