National Insurance Academy, Pune|Insurance Technical (Non-Life)
P212 | Management of Marine Insurance (Cargo) (Non-Life)
Academic Year 2026-2027
Duration
3Days
Scheduled Dates
06 Jul 2026 - 08 Jul 2026
28 Oct 2026 - 30 Oct 2026
Background
Marine Cargo Insurance is one of the oldest and most technically specialized segments of non-life insurance. It is distinct from other classes of insurance due to its international character and its close linkage with global trade, transportation, and logistics. Marine cargo insurance operations are governed by marine insurance laws, international conventions, trade practices, and established market usages.
Effective management of marine cargo insurance requires a multidisciplinary approach, encompassing knowledge of insurance principles, international trade and commerce, modes of transportation, maritime and inland logistics, commodity characteristics, packing standards, geographical and climatic exposures, documentation, claims handling, and recovery processes.
With the increasing complexity of global supply chains and multimodal transportation, insurers are required to adopt robust underwriting and claims management practices. This programme has been designed to provide participants with comprehensive exposure to the principles, practices, and operational aspects of marine cargo insurance, enabling improved risk assessment, underwriting discipline, and effective claims management.
Learning Objectives
Develop a strong conceptual understanding of marine cargo insurance
Familiarize participants with marine cargo insurance terminology, All types of clauses, and policy structures
Enhance underwriting skills for marine cargo and inland transit risks
Understand international trade practices, documentation, and payment mechanisms
Strengthen capabilities in marine cargo claims handling, loss assessment, and recovery
Improve risk management, loss prevention, and decision-making in marine cargo insurance
Key Contents
Overview of Marine Cargo Insurance and its Evolution, Marine Cargo Insurance Terminologies, Concepts, and Distinctive Features- One session
Institute Cargo Clauses (ICC) 1982 and 2009 - Coverage, Exclusions, Comparison and Application-One session
International Trade Practices and Incoterms 2020 Payment Systems in International Trade, including Documentary Credit (Letter of Credit) Mechanism- - Risk Transfer and Insurance Implications-One session
Classification of Major Commodities, packing and transportation and Associated Risks- one session
Packaging and Packing Standards and containerization - Role in Risk Assessment and Loss Prevention-One session
Types of Marine Cargo Policies & Reinsurance Arrangements in Marine Cargo Insurance - one session
Risk Evaluation, Underwriting and Pricing of Marine Cargo Risks- One session
Marine Cargo Claims Management- with case studies, Discussions on Difficult cases - Procedures, Documentation, Settlement Subrogation and recovery - Two sessions
General Average in Cargo Insurance - Concept, Application, and Claims Handling with Example - One session
Subrogation and Recovery in Marine Cargo Claims-One session
Who Should Attend
The programme is intended for officials handling marine cargo underwriting and claims functions at Head Office, Regional Office, and Operating Office levels of Indian and foreign public sector, private sector, and multinational general insurance companies.
