National Insurance Academy, Pune|Insurance Technical (Non-Life)
P798 | Programme on Fire Underwriting Skills (Non-Life)
Academic Year 2026-2027
Duration
2Days
Scheduled Dates
19 Nov 2026 - 20 Nov 2026
08 Feb 2027 - 09 Feb 2027
Background
Fire policy is a very complex policy involving lot of interpretations. Now the IRDA has introduced three new products for SMEs and dwellings. Fire portfolio suffered a lot during detariff regime because of excessive discounts prevailing in the market.
Under these circumstances, GIC Re and IIB stepped in and attempted to bring some sanity to the market in terms of rates. The regulator also brought in some changes particularly in AOG perils.
In the advent of above developments, the underwriting skills of fire policies need to be relooked to provide a sustainable growth in the portfolio.
Learning Objectives
In this background NIA has decided to conduct a two-day online programme on fire policies to understand the intricacies involved.
Key Contents
Standard fire and special perils policy - cover, exclusions, and conditions
Standard fire and special perils policy - different policies, clauses and add on covers.
Fire new products - Griha Raksha policy, Sukshma Udyog policy and Laghu Udyog policy
Prudent underwriting practices and concept of ratings, etc.
Concept of risk inspection, importance of PML and application of reinsurance
FLOP - concept, various terminologies, CBI extensions and underwriting practices
Who Should Attend
Any insurance official, brokers and executives' surveyors and customers.
