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Marine Insurance Principles, Practices & Risk Management Training Course

Covers the main classes of marine insurance and how they protect vessels, cargo and marine liabilities, with practical analysis of voyage and maritime risks.

MATI · Marine, Aviation & Transport InsuranceAll Levels#2119ClassroomEnglish , Arabic
Duration
5 Days
Download BrochureView Upcoming Dates

Free substitution at any time · 30+ days' notice: full refund minus 10%. Cancellation policy

Course Overview

This comprehensive training course provides a practical and strategic understanding of Marine Insurance principles, practices, and risk management, covering the key insurance mechanisms used to protect vessels, cargo, marine liabilities, and other maritime interests against a wide range of operational, financial, and environmental risks. The program examines the structure of Marine Insurance, major classes of marine coverage, policy terms and conditions, underwriting considerations, risk assessment, claims management, loss prevention, and the roles of insurers, brokers, assureds, surveyors, and other maritime stakeholders. Particular emphasis is placed on identifying and evaluating marine risks throughout the transportation and logistics lifecycle. Participants will explore vessel and cargo risks, voyage-related exposures, port and terminal operations, marine liabilities, accidents, weather-related events, pollution, piracy, and other emerging risks affecting maritime operations. Through practical exercises, case studies, policy analysis, and risk-assessment workshops, participants will develop the ability to evaluate marine insurance exposures, assess appropriate coverage requirements, support underwriting and claims decisions, and implement effective risk-management strategies for maritime operations.

Learning Objectives

  • By the end of the course, participants will be able to:
  • Understand the fundamental principles and practices of Marine Insurance.
  • Identify the major classes of Marine Insurance and their applications.
  • Analyze vessel, cargo, voyage, and marine liability risks.
  • Evaluate key underwriting considerations for marine insurance exposures.
  • Interpret Marine Insurance policy terms, conditions, warranties, and exclusions.
  • Assess risks associated with maritime transportation and logistics operations.
  • Apply appropriate risk identification and assessment methodologies.
  • Understand the relationship between Marine Insurance, loss prevention, and risk mitigation.
  • Analyze marine claims and the factors affecting claims assessment and settlement.
  • Evaluate emerging risks affecting the maritime insurance sector.
  • Strengthen risk-management and insurance decision-making processes.
  • Develop practical Marine Insurance risk-management strategies for maritime organizations.

Who Should Attend

This course is designed for Marine Insurance Underwriters, Insurance Managers, Claims Professionals, Insurance Brokers, Risk Managers, Marine Surveyors, Insurance Account Managers, and professionals working within insurance and reinsurance organizations. It is also suitable for shipping and logistics professionals, vessel operators, fleet managers, port and terminal managers, freight and cargo specialists, legal and compliance professionals, and corporate risk professionals responsible for maritime exposures. The program is particularly relevant to insurance companies, brokers, shipping companies, logistics organizations, ports, terminal operators, trading companies, energy organizations, and other institutions involved in maritime transportation and commercial activities.

Learning Outcomes

  • Upon completion of the course, participants will be able to:
  • Explain the fundamental principles governing Marine Insurance.
  • Distinguish between major marine insurance products and coverage types.
  • Identify and classify vessel, cargo, voyage, and liability exposures.
  • Assess marine risks using structured underwriting and risk-assessment approaches.
  • Interpret key policy terms, conditions, warranties, exclusions, and coverage provisions.
  • Evaluate the impact of vessel characteristics, cargo types, routes, and operational conditions on risk.
  • Apply loss-prevention and risk-mitigation techniques to maritime exposures.
  • Analyze marine insurance claims and evaluate key factors affecting claim outcomes.
  • Understand the roles and responsibilities of insurers, brokers, assureds, surveyors, and other stakeholders.
  • Evaluate emerging maritime risks and their implications for insurance coverage.
  • Develop appropriate risk controls and insurance strategies for marine operations.
  • Apply practical risk-management principles to real-world Marine Insurance scenarios.

Course Outline

Course Outline

Day 1

Marine Insurance Principles & Market Fundamentals

  • Introduction to Marine Insurance
  • Historical development and role of Marine Insurance
  • Fundamental principles of insurance applied to marine risks
  • Marine Insurance market structure and key stakeholders
  • Major classes of Marine Insurance
  • Hull and Machinery Insurance
  • Cargo Insurance
  • Marine Liability Insurance
  • Freight and related marine interests
  • Roles of insurers, brokers, assureds, surveyors, and other stakeholders
  • Practical Application: Mapping Marine Insurance requirements for a maritime business operation
Day 2

Marine Underwriting & Risk Assessment

  • Fundamentals of marine underwriting
  • Vessel characteristics and risk evaluation
  • Cargo characteristics and exposure assessment
  • Voyage and route risk analysis
  • Port, terminal, and operational risks
  • Navigation and weather-related exposures
  • Vessel age, condition, maintenance, and classification
  • Loss history and claims experience
  • Risk information and underwriting documentation
  • Marine risk-rating considerations
  • Practical Workshop: Conducting a structured Marine Insurance risk assessment for a vessel and cargo exposure
Day 3

Marine Policy Coverage, Conditions & Exclusions

  • Marine Insurance policy structure
  • Coverage terms and policy conditions
  • Warranties and representations
  • Deductibles and policy limits
  • Exclusions and coverage limitations
  • Institute Cargo Clauses and marine cargo coverage concepts
  • Hull and Machinery coverage considerations
  • Marine liability coverage
  • General Average and related marine concepts
  • Policy interpretation and coverage analysis
  • Practical Application: Reviewing a Marine Insurance policy and identifying coverage, exclusions, conditions, and potential risk gaps
Day 4

Marine Claims, Loss Prevention & Risk Mitigation

  • Marine claims management principles
  • Claims notification and documentation
  • Marine casualty investigation
  • Cargo damage and loss assessment
  • Vessel damage and machinery-related claims
  • Surveying and evidence collection
  • Claims evaluation and settlement considerations
  • Fraud indicators and claims-related risks
  • Loss prevention and mitigation strategies
  • Lessons learned from marine incidents
  • Practical Workshop: Analyzing a marine casualty and developing a claims and loss-prevention response
Day 5

Marine Risk Management & Emerging Maritime Risks

  • Integrated Marine Insurance risk-management frameworks
  • Risk control and mitigation strategies
  • Marine operational resilience
  • Environmental and pollution risks
  • Cyber risks in maritime operations
  • Piracy, terrorism, geopolitical, and security exposures
  • Climate and extreme-weather risks
  • Supply chain disruption and port congestion
  • Emerging technologies and their impact on marine risks
  • Developing insurance and risk-management strategies
  • Final Integrated Workshop: Developing a comprehensive Marine Insurance Risk Management Plan covering risk identification, assessment, insurance coverage, loss prevention, claims management, emerging risks, risk controls, and continuous improvement.

Upcoming Dates

Selected date

Manama · 28 Dec 2026 – 1 Jan 2027 · Classroom

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CityDatesPrice per ParticipantEarly Bird
OnlineScheduled
27 – 31 Dec 2026€1,700€1,530until 7 Dec
AmmanScheduled
27 – 31 Dec 2026€3,099€2,789until 7 Dec
DubaiScheduled
27 – 31 Dec 2026€4,400€3,960until 7 Dec
BangkokScheduled
28 Dec 2026 – 1 Jan 2027€6,093€5,484until 7 Dec
ManamaScheduled
28 Dec 2026 – 1 Jan 2027€4,700€4,230until 7 Dec
RabatScheduled
28 Dec 2026 – 1 Jan 2027€4,300€3,870until 7 Dec
CairoScheduled
28 Dec 2026 – 1 Jan 2027€3,300€2,970until 7 Dec
MadinahScheduled
28 Dec 2026 – 1 Jan 2027€4,200€3,780until 7 Dec
Kuala LumpurScheduled
28 Dec 2026 – 1 Jan 2027€4,400€3,960until 7 Dec
ParisScheduled
28 Dec 2026 – 1 Jan 2027€5,700€5,130until 7 Dec
DammamScheduled
28 Dec 2026 – 1 Jan 2027€4,200€3,780until 7 Dec
FrankfurtScheduled
28 Dec 2026 – 1 Jan 2027€5,800€5,220until 7 Dec
LisbonScheduled
28 Dec 2026 – 1 Jan 2027€5,400€4,860until 7 Dec
MuscatScheduled
28 Dec 2026 – 1 Jan 2027€5,300€4,770until 7 Dec
GenevaScheduled
28 Dec 2026 – 1 Jan 2027€6,300€5,670until 7 Dec
MarrakeshScheduled
28 Dec 2026 – 1 Jan 2027€4,200€3,780until 7 Dec
MakkahScheduled
28 Dec 2026 – 1 Jan 2027€4,200€3,780until 7 Dec
DohaScheduled
28 Dec 2026 – 1 Jan 2027€4,400€3,960until 7 Dec
LondonScheduled
28 Dec 2026 – 1 Jan 2027€5,600€5,040until 7 Dec
MilanScheduled
28 Dec 2026 – 1 Jan 2027€6,000€5,400until 7 Dec
AmsterdamScheduled
28 Dec 2026 – 1 Jan 2027€5,400€4,860until 7 Dec
IstanbulScheduled
28 Dec 2026 – 1 Jan 2027€4,693€4,224until 7 Dec
RiyadhScheduled
28 Dec 2026 – 1 Jan 2027€4,200€3,780until 7 Dec
BerlinScheduled
28 Dec 2026 – 1 Jan 2027€5,300€4,770until 7 Dec
CasablancaScheduled
28 Dec 2026 – 1 Jan 2027€4,300€3,870until 7 Dec
MunichScheduled
28 Dec 2026 – 1 Jan 2027€5,400€4,860until 7 Dec
BakuScheduled
28 Dec 2026 – 1 Jan 2027€4,800€4,320until 7 Dec
MadridScheduled
28 Dec 2026 – 1 Jan 2027€5,400€4,860until 7 Dec
RomeScheduled
28 Dec 2026 – 1 Jan 2027€5,800€5,220until 7 Dec
BarcelonaScheduled
28 Dec 2026 – 1 Jan 2027€5,400€4,860until 7 Dec

Available in: Istanbul · Dubai · London · Riyadh · Doha · Amsterdam

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