News & Events
16 Apr 2014
CV OF MR. PHILIP MUNGUTI * FIRE INSURANCE -- MATERIAL DAM...
04 Feb 2013
MARINE CARGO INSURANCE COURSE DATE "> On 4 and 5 February ...
16 May 2012
Category Best Motor Insurance Professional(s) of the year ...
15 Mar 2012
​The President and Council members are pleased to invite y...
15 Mar 2012
​Reinsurance Courses by Peter Cave were held from 5th Marc...

News & Events

16 Apr 2014
Courses by Philip Munguti in May 2014
CV of Mr. Philip Munguti

• FIRE INSURANCE — MATERIAL DAMAGE : (A 2-day Course)
• FIRE INSURANCE — BUSINESS INTERRUPTION: (A 1-day Course)
• BANKERS BLANKET BOND (BBB) INSURANCE : (A 1-day Course)
• FIDELITY GUARANTEE/BONDS : (A 1-day Course)

Click Here for Courses Details
04 Feb 2013
Upcoming Marine Courses by Nick Golden FCII
MARINE CARGO INSURANCE COURSE
DATE & TIME:  
On 4 and 5 February 2013
From 9.00hrs to 16.00hrs

COURSE TITLE: Marine Cargo Insurance Underwriting 
Cover, risk assessment, portfolio management 
    
FEES: Fee per participant, including a soft copy of the course materials, coffee breaks and lunch:

Member of the Institute:    Rs8,500.-
Non-member:                    Rs10,000.-    

  
COURSE INTENDED FOR: Delegates who have or are interested in developing their knowledge of Marine Cargo Insurance. 
This course will be helpful for those considering taking P90 Cargo and Goods in transit insurance as part of their Diploma in Insurance qualification but prior knowledge of marine insurance is not essential. There will be some practical exercises.     

AIM:
To explain the main issues and principles involved in the underwriting of marine cargo insurance   


COURSE OUTLINE:
Day 1
1 Principles of Marine  Insurance 
Overview of basic insurance terminology and concepts such as insurable interest highlighting the key differences between marine and non-marine insurance in certain areas;
What risks are defined as marine?
What types of business does marine insurance protect?
Who purchases marine insurance and why?
Where marine risks are insured and how the various different types of insurers fit together?

 2  The business environment of cargo and goods in transit risks
 The world import and export business in outline;
The principal trading countries and trade routes;
The different types of goods carried – agricultural, minerals, fertilizers, liner cargo including refrigerated goods, motor vehicles and machinery, white goods – their typical origins and destinations;
The main terms of trade used in buying and selling goods.

3. The legal environment of cargo and goods in transit risks
Legal environment
Marine Insurance Act 1906 – key elements relevant  to cargo risks.
Legal – carriage of goods by sea
Hague-Visby Rules and their impact on cargo risk;
Carriage of Goods by Sea Act 1971 – main provisions and their  impact on cargo risk;
Hamburg Rules – main rules and their impact on cargo risk;
US Carriage of Goods by Sea Act 1936 – main provisions and their impact on cargo risk.
Legal – carriage of goods by road and rail
CMR Convention – main elements and impact on transit risk by road;
CIM Convention – main elements and impact on transit risk by rail;
Multimodal codes – function and main principles;
Contractual liability of goods in carriage or in storage. 
cntd


Day 2                                                                            

1. the scope of cover and market practices of cargo insurance
Typical policy structure and content;
 The cover provided by each of the following:
• Institute Cargo Clauses (A), (B) &(C);
• Institute Trade Clauses;
• Institute Container Clauses;
• Institute War Clauses (Cargo);
• Institute Strikes Clauses (Cargo);
• Institute Cargo Clauses (Air).
The appropriateness of the above clauses in different circumstances and their application in 
practical situations.
Other Cover Issues
Commonly used market clauses – Institute Classification Clause, Institute Replacement Clause, 
removal of debris, terrorism exclusion – content and their application;
Basis of valuation clause – content and application;
Cover provided for war, strikes, and terrorism; 
The effects of consequential loss and other cargo coverages;
Charterparties – coverage issues.


2 The scope of cover and market practices of haulage contractor’s liability
The fundamental nature of haulage contractor’s liability cover – and typical policy construction and content;
The rating practices of haulage contractor’s liability, including premium adjustments; 
The importance of custody and control in the application of cover;
 The risk of mis-delivery and the application of cover in these circumstances;
Limits on the legal liability of haulage contractors;
Relationship between haulage contractor’s liability and the liability of freight forwarders, warehouses  and ports for goods in transit.

3.  Understand the perception, evaluation and underwriting of cargo and goods in transit risks
Risk perception and evaluation
The varying risk profiles of different cargos and goods in transit;
Evaluating other key risk characteristics – the geographic and physical aspects of risk operating in different countries and routes;
The main principles and application of bills of lading 
and waybills;
Loss prevention – the methods used and its importance.
Underwriting
Typical approaches to premium rating, including premium adjustments;
Risk accumulation – how risk accumulates in practice and the importance of its control.                                                     cntd
 
MARINE HULL INSURANCE COURSE

COURSE TITLE: Marine Hull Insurance – Underwriting
   
DATE & TIME: On 6 February 2013 From 9.00hrs to 16.00hrs

COURSE INTENDED FOR:
Delegates who have  or would like to acquire a working knowledge of marine hull insurance   

AIM
To explain the main issues and principles involved in the underwriting of marine hull insurance   
 
COURSE OUTLINE:
Marine Hull Yacht and Motor Boat Insurance
Marine Insurance Act 1906
The law on latent defects
Maritime Conventions Act 1911
Collision liabilities
The Merchant Shipping Act 1979
Hull clauses
P&I Clubs
Classification Societies
Builders risk wordings
Mauritius yacht insurance policy conditions
Yacht risk factors and exposure
Hull risks and cover
Pricing Insurance 
Accumulation management
Pricing 
Managing profitability
Yacht Accumulation management

Can the Mauritius hull market grow and be profitable? If so how? 
What are the key causes of loss in the Mauritius hull market 
(including pleasure craft) and how can they be minimised?
   
FEES: Fee per participant, including a soft copy of the course materials, coffee breaks and lunch:
Member of the Institute:    Rs4,500.-
Non-member:                    Rs5,500.-   


MARINE INSURANCE COURSE - CLAIMS & PROCEDURE FOR RECOVERY 

DATE & TIME: On 7 and 8 February 2013 From 9.00hrs to 16.00hrs

COURSE TITLE: Marine Claims and Procedure for Recovery
  
COURSE INTENDED FOR: Delegates who have a working knowledge of marine insurance claims or who would like to acquire one   

AIM:
To explain the main issues and principles involved in marine  insurance claims   

COURSE OUTLINE:
Day One - Cargo Claims
1 .Understand the claims considerations and procedures of cargo and goods in transit insurances 
Types of loss
Typical claims notification procedures;
The role of the surveyor, lawyer, courts, and average 
adjusters;
2 Use of cargo survey reports and other documents in support of claim;
Application of Institute Cargo Clauses (A) (B) and (C) and the ‘Both to Blame Collision’ clause in typical claims scenarios;
Settlement of claims for particular charges, salvage charges, sue and labour expenses and extra charges.
Goods in Transit Claims
Measure of indemnity including valued and unvalued policies;

Day Two – Cargo and  Hull claims
1 Practical adjustment of claims for partial and total loss;
Calculation of liability under RHA, CMR and UKWA conditions of carriage or storage; Recovery procedures

2 Hull Claims 
Types of loss; Evidence of loss
Role of loss adjusters, surveyors, adjustment calculations
Practical claims settlement exercise  
    
FEES: Fee per participant, including a soft copy of the course materials, coffee breaks and lunch:

Member of the Institute:    Rs8,500.-
Non-member:                    Rs10,000.-
  


VENUE:  
The Conference Room, 1st Floor, Le Saint Georges Hotel
St Georges Street, Port Louis

MQA APPROVAL Under process  


16 May 2012
Best Motor Insurance Professsional

Category
Best Motor Insurance Professional(s) of the year - to be awarded to any candidate(s) scoring a distinction in a motor insurance subject to the CII exams

Prize
New India Assurance Shield and a Cash Prize of MUR 10,000

Inscription on the shield to read as:
Best Motor Insurance Student of the Chartered Insurance Institute - YEAR

15 Mar 2012
IIM Award Ceremony 2012

​The President and Council members are pleased to invite you to the IIM Award Ceremony which will be held on Wednesday 21 March 2012 after the AGM.

The winner for 2011 is:

1. Best Qualifying CII Associate:  Mr Krishna Gunowa of Mauritius Union Assurance Co Ltd.  He is the winner of The Insurance Institute of Mauritius Shield, the Reinsurance Solutions (Mauritius) Ltd Shield and a Cash Prize of Rs30,000/-.

2. Best Reinsurance Student : None of the students scored a distinction in any of the reinsurance subjects.

15 Mar 2012
Reinsurance courses by Peter Cave - 5th to 9th MArch 2012

​Reinsurance Courses by Peter Cave were held from 5th March  to 9th March 2012 at Le St Georges in Port Louis.
It was once again a success as the attendance was high with this time some participants from overseas (Kenya, Nigeria, Tanzania and Seychelles).

02 Mar 2012
18th Annual General Meeting

You are invited to attend the Eighteenth Annual General Meeting of The Insurance Institute of Mauritius which will be held at City Orient, Leoville L’Homme Street, Port Louis on Wednesday 21 March 2012 at 11.00 a.m.

Agenda

  1. Approval of minutes of proceedings of the Seventeenth Annual General Meeting held on 23 March 2011.
  2. President’s Report for 2011.
  3. Adoption of the audited accounts for 2011.
  4. Approval of Budget for the year 2012.
  5. Appointment of auditor for 2012.
  6. Election of Council members for 2012.
  7. Any Other Business.

Notice of Candidature for election to the Council or any Motion from a Member shall be given in writing to the Secretary of the Institute at least seven days before the date scheduled for the Annual General Meeting.

03 Jan 2012
14th Annual Open Day - 2011

The 14th Annual Open Day of the Institute was held at Tamassa Hotel, Bel Ombre on Saturday 3rd December 2011. The event which is organised exclusively for IIM members and their families was a great success. 
It was a wonderful day full of fun and laughter amidst the evergreen and peaceful surroundings of Tamassa. 
The IIM family had full access to the various facilities and the three superb swimming pools of the hotel. 

The Open Day would have not been a complete success without the much valued support of the Institute’s sponsors:
African Reinsurance Corporation, Swan Group, ARIG(Arab Insurance Group), BAI Co (Mtius) Ltd, Britam Ltd, CIM Insurance Ltd, City Brokers Ltd, Consultec Ltd, IOGA Ltd, Lamco Int Insurance Ltd, Mauritian Eagle Insurance Co Ltd, MUA Group, Munich Mauritius Reinsurance Co Ltd and SICOM Ltd.

Some pictures will be soon available on the website