Foundation Course in Machinery Breakdown (MB) & Machinery Breakdown Loss of Profits (MBLOP) Insurance

In this course, participants will have an overview of the engineering line of business in Malaysia and the impact of dependency on machinery and technological changes to business. Participants will also learn about the coverages available, future developments and reasons for insurance against failures and breakdown.

Recommended for

  • New entrants in the industry
  • Insurance personnel working in insurance companies
  • Insurance brokers and loss adjusters
  • Agents and clients involved in construction works and erection works
  • Any person such as auditor, administrator in insurance company, broker and loss adjuster
  • Those who require knowledge in Engineering Insurance (MB/MBLOP)
  • Other professionals with experience in handling Engineering Insurance (MB/MBLOP) and need a refresher course to keep abreast on latest developments

15 - 16 July 2024
9.00 a.m. - 5.00 p.m.

Method: In-Person Training
CPD Hours: 14
Registration Closing Date:
11 July 2024

About the trainer:

Peter Yong Weng Sing
Chartered Insurer , ACII, AMII

Peter Yong has more than 30 years of working experience in the Insurance industry in all major aspects of underwriting, claims, reinsurance, risk surveys, technical audit and business development. He specializes in property and engineering insurance.

He also served in a professional reinsurance company as the Head of Facultative Reinsurance
for 3 years.

Peter is an active working member under several Expert Committee Groups for Miscellaneous Accident, Engineering Task Force, Fire Sub-Committee and MNRB Special Ratings in PIAM (General Insurance Association of Malaysia). Currently, he is the Head of Technical Support in a leading foreign insurance company.

Course Outline
Day 1
  • Overview of engineering line of business in Malaysia
  • Principles of insurance related to Engineering Insurance
  • The impact of dependency on machinery and technological changes to business
  • Machinery breakdown insurance
Day 2
  • Underwriting aspect of machinery breakdown insurance
  • Machinery breakdown loss of profit (MBLOP)
  • Underwriting aspect of machinery breakdown loss of profit
  • Engineering risk survey & loss prevention
  • Claims handling

Contact Info

The Malaysian Insurance Institute 197701004772 (35445-H),
Level 6, Bangunan AICB,
No. 10 Jalan Dato’ Onn,
50480 Kuala Lumpur, Malaysia 

Tel : +603 2712 8882

Email : customercare@mii.org.my

Customer Service Virtual Office: Open from 10:00 a.m. to 12:00 p.m., Mon-Fri

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