Solar, Wind and Hydro Projects - Insights and Challenges in Dealing with Construction Insurance (CAR & EAR)
The need for understanding Green Energy risks becomes more crucial as challenging exposures are being brought in by the Malaysian Energy industry. This is also known as Renewable Energy. There are various techniques and procedures in place relating to such green energy and the Malaysian government now encourage further such power initiatives. Solar power farms, for example are new in the region and more such developments are being planned. Meanwhile, the use of solar panels of residential building roof tops are getting popular. Hydro power projects are also quite popular in Asia and complies to the green theme!
CAR/ EAR Underwriters also need to appreciate the technical aspects of these risks to evaluate the exposure effectively. Concerns on the planning, design, construction and operation phases of the Solar Farms, Wind and Hydro Power Plants are equally important to consider.
This exciting and interactive course with site visit intends to highlight and share those key features to help secure better risks for the Insurer and hence support the Client/ Brokers’ needs more effectively.
CAR/ EAR Underwriters also need to appreciate the technical aspects of these risks to evaluate the exposure effectively. Concerns on the planning, design, construction and operation phases of the Solar Farms, Wind and Hydro Power Plants are equally important to consider.
This exciting and interactive course with site visit intends to highlight and share those key features to help secure better risks for the Insurer and hence support the Client/ Brokers’ needs more effectively.
Recommended for
Ideal with at least 2 years of work experience & involvement in engineering project insurance :
- Underwriters
- Claims personnel
- Marketeers
- Risk Engineers
- Brokers
- Reinsurers
- Loss Adjusters etc with at least 2 years of work experience & involvement in engineering project insurances.
About the trainer:
IR. POOBA MAHALINGAM, Regional Risk Consultant - Singapore |
Pooba is a Regional Risk Consultant based in Singapore with 30 years of practical experience in risk/ insurance. Pooba is a professional engineer and operates under “Talent Asia Training & Consulting” of Singapore. He is specialized in the insurance space with special focus on engineering/ property insurance and risk management aspects. Pooba is a regular lecturer with the Singapore College of Insurance (SCI) and the Malaysian Insurance Institute (MII). He is also the Author of a MII publication entitled, “Engineering Insurance.” Besides training, Pooba also undertakes property risk surveys and provides consultancy services to various clients in Singapore and in the following regions: Asia, Middle East & Africa.
7 & 8 Dec 2023
9.00 a.m. - 5.00 p.m.
Method: In-Person Training
CPD Hours: 14
Registration Closing Date:
1 December 2023
CPD Hours: 14
Registration Closing Date:
1 December 2023
Day 1: Morning - Green Projects in Malaysia and the need for Insurances
Day 1: Afternoon-CAR and EAR policies - how it works
Day 2: Site Visit to Solar Farm
Key features |
Market place and some power industry practice |
Stake-holders and respective roles |
Regulator, companies and other specialists |
PPA and its application |
Current projects and upcoming plans |
Planning for a project |
Some concepts of the CAR/ EAR & project delay coverage |
Day 1: Afternoon-CAR and EAR policies - how it works
Construction – Typical contract requirements (FIDIC wording, letter of award) |
CAR Section I – Material Damage |
CAR Section II – Third Party Liability |
CAR Section III – ALOP/ DSU |
Case studies |
Day 2: Site Visit to Solar Farm