Overview
Marine risks are dynamic, shifting elements. To adapt to changing circumstances, risk management must be elastic. The range and depth of the cargo insurance business should be carefully evaluated rather than just determined by commercial expediency.
This course provides an overview of what Insurers need to expand their fields of knowledge in a multi-disciplined approach to managing risks. It also explains why Insurers need to move beyond bread-and-butter considerations in marine insurance to have a greater awareness of product knowledge, the complexity of the world’s multi-faceted transport systems, trading terms, and international carriage conventions.
Key Learning Outcome:
At the end of the course, participants will be able to:
Enhance the awareness of underwriters, brokers, agents, and claims handlers to the challenges facing the marine insurance industry in a global trading system that is challenged by ever sophistication of cargo types, duplicating of legal regimes, a sophisticated trading class, multi-modal transport operation, political tensions in different regions and the myriad economic sanctions.
Course Content:
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Marine Risks are dynamic and everchanging factors. Elasticity in managing changing risks is needed to meet evolving circumstances.
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Range and Depth of cargo insurance business should not be dictated purely from commercial expediency but should be a well-considered undertaking. Insurers need to expand their fields of knowledge in a multi-disciplined approach
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Insurers need to move beyond bread-and-butter considerations in marine insurance to have a greater awareness of product knowledge, the complexity of the world’s multi-faceted transport systems, trading terms, and international carriage conventions Claims handling in an increasingly complex and complicated business environment, often, requires more thorough considerations
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How to handle fraudulent claims in international trade
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Insurers should be conversant with dispute resolution mechanisms to resolve claims disputes effectively.
Target Audience
Underwriters, Claims Handlers, Brokers and Agents
Speaker Profile
Capt Lee Fook Choon
Master Mariner, LLM, FCIArb, ACII, Chartered Arbitrator, Chartered Insurance Practitioner
Capt Lee Fook Choon is an established arbitrator/mediator in Hong Kong and have at the same time sat on numerous tribunals in Singapore, London and Shanghai. The considerable number of arbitration cases handled by Capt Lee include charter party issues, shipbuilding disputes, international trade disputes, Sales of Goods issues, insurance claims etc. He is one of the founding full time member of Hong Kong Maritime Arbitration Group and a panel member of the ICC, HKIAC, eBram, SIAC, Singapore Chamber of Maritime Arbitration, Asian International Arbitration Centre, Beijing Arbitration Commission, China Maritime Arbitration Commission, China International Economic and Trade Arbitration Commission (CIETAC) and India Arbitration Council. Concurrently he has been a maritime loss adjuster since 1978 and an insurance recovery consultant since 1994.
Date and Time
Date: 17 January 2023
Time: 2.00 p.m. - 6.00 p.m.
Registration Closing Date: 16 January 2023
Price
Early Bird (Register before 1 January 2023)
MII/CII Members:
Local RM 350.00 | International USD 80
Non Members:
Local RM 400.00 | International USD 90
Normal Fee
MII/CII Members:
Local RM 400 | International USD 90
Non Members:
Local RM 450 | International USD 100
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