Marine Insurance

Who is This Course Suitable For?

The course is fundamentally aimed at those wanting to increase their knowledge and responsibility within this specialist area of the insurance market. Those wanting to transfer their existing skills or start from scratch will benefit from the information available.

Duration:

12 – 18 months

Modules:

10 in total

Cost:

Diploma: £2,950

Certificate: £2,150

Recognised by:

University of Portsmouth

Course Structure

About the Course

The course covers all aspects of insurance claims, from the history and developments through legislative changes to different aspects of handling a claim. By breaking down the fundamentals of process into bite sized chunks, it will leave the student with a good understanding of this subject as a whole.

The modules are written by those working in the industry so it is current in terms of where the insurance claims are at the moment. For instance the significant changes in consumer law that was introduced in 2015 has obvious impacts in dealing with a large proportion of claims.

Studying this Diploma is a great way to boost your career prospects. Many students study to develop themselves in their existing role, while others study with a complete change of career in mind.

The course consists of 10 modules. All students are required to successfully complete and pass the module assignments. Diploma students will also be required to sit and pass a final examination.

1. Introduction to Marine Insurance

Legal Side of Marine Insurance

The Practical Side of Marine Insurance

Proximate Cause

Brief History of the development of Marine Insurance

2. Cargo Claims

Background to Cargo Insurance

The Open Policy

Types of claims

Deck cargo claims

Calculating a claim

Making a claim – Who and When

The Enterprise Act 2016 – A “Reasonable Time” to Pay – What does that mean?

Rules which apply to shipment of goods carried by sea

Defences in the rules open to carriers

Case studies

3. Hull and Machinery Claims

Background to hull and machinery insurance

Components of the policy

Types of claims normally covered under the H&M policy

Loss adjustments

Practical aspects of making a claim

Superyacht Claims

4. Legal Aspects Associated with a Marine Insurance Claims Handling

The History of Marine Insurance Law

Fundamentals of an insurance contract

Consumer versus non-consumer

IA 2015 and CIDRA 2012 – key concepts that have changed

Warranties

Fraud 26

Proximity

Total loss, constructive loss and partial loss

Particular average

General average and the York Antwerp rules

Bringing a claim

Disputes

5. Protection & Indemnity Claims

Background to P&I insurance

Components of the policy

Types of claims covered

Loss adjustments and claims handling

Making and defending a claim

6. Quantification of a Claim

7. Small Yacht Claims

8. Salvage Claims

9. Port, Boatyard or Marina Claims

10. Inspection Process