As you are aware since the beginning of January, 2017, it has been a requirement that all importers take insurance exclusively with local underwriters. Since then marine insurance premiums have been on the rise and continue to grow. There is still a huge opportunity for insurance players to increase and improve their business through marine offerings.
However marine insurance still remains a complex area that requires a thorough understanding and knowledge to be able to effectively execute it. This is more so on the technical areas of marine underwriting and claims. In view of this, the Insurance Institute of East Africa (IIEA) has organized a comprehensive 3 days’ workshop on Marine Insurance Underwriting and Claims Management. This training is designed to equip the participants with knowledge and skills to assess and underwrite risk relating to marine insurance and to survey risk exposure. It is also designed to enable participants to understand the legal terms and concepts, and explain the process, principles and adjustment of marine insurance claims.