Training, On Demand Webinars and E Learning Programs in Marine Insurance
Established in 1898 and Located at New York, The American Institute of Marine Underwriters (AIMU) has over 100 hundred years of service as the trade association representing the United States ocean marine insurance industry as an advocate, educator and information center. AIMU provides learning opportunities that enable individuals to prepare and develop as marine insurance professionals. Most education opportunities are offered with both onsite and remote attendance options.
The organization has created four formal education courses: Introduction to Ocean Marine Insurance, Introduction to Yacht Insurance, Introduction to Protection and Indemnity Insurance; and Ocean Cargo Claims. Besides these courses, the institute provides Web-based lectures on coverage clauses, commodities or types of business. These Web lectures are available not only to the AIMU membership but to anyone who wants to expand their knowledge on these topics.
The institute also holds seminars on topics of interest to the industry, such as parametric rolling and terrorism insurance. The institute's affiliated organization on the West Coast, the Board of Marine Underwriters of San Francisco, likewise holds a biennial seminar with topics of importance to the industry.
Educations and Training Programs
- Introduction to Ocean Marine Insurance (5 days): his program is designed to provide participants with an essential understanding of the fundamentals of ocean transportation. Topics include - Fundamentals of Shipping, Cargo Insurance, Claims Handling, Reinsurance, Admiralty Law, Liability & Loss Control, And Hull Insurance and more.
- Introduction to Ocean Marine Claim Examiner (3 days): This three-day course Ocean Marine Claims Examiner course is designed for the Claims Professional who is primarily responsible for the investigation and settlement of claims made by policyholders and third-parties. You will learn the methods, procedures and standards used in handling claims adjusting of hull and machinery, cargo, liability and recreational marine insurance.
- Introduction to Cargo Insurance (2 day): This course will review the forms and clauses used to insure cargo transported by sea. Students will study the insuring agreements, conditions, exclusions, limitations and special features of the forms. Underwriting and claims principles and practices will be discussed. Learn about surveyors and the different types of surveyors that can be assigned and utilized to improve the risk and/or assist in the claims process.
- Introduction to Hull Insurance (2 days): This course will review the forms and clauses used to insure hull and machinery damage coverage for blue and brown water vessels. Students will study the insuring agreements, conditions, exclusions, limitations and special features of the forms. Underwriting and claims principles and practices will be discussed. Learn about surveyors and the different types of surveyors that can be assigned and utilized to improve the risk and/or assist in the claims process.
- Introduction to Protection and Indemnity (2 days): Learn about the exposures to Liability for injury or death to crew and passengers, vessel owners liability to shore workers, miscellaneous liabilities for death and injury. Study the P & I policy insuring agreement, additional exclusions and limitations, underwriting and claims provisions.
- Introduction to Offshore Energy (2 days): This course is for Insurance company underwriters, trainees, claims personnel, surveyors, agents or brokers, shipowners, charterers and maritime attorneys.
- Introduction to Yacht Insurance (2 days): This course will look at yacht insurance and risk selection that encompasses pleasurecraft of any length. Students will study the Marine Insurance Policy: policy definitions, terminology, physical damage, liability and protection and Indemnity (P & I) coverages and much more.
- Introduction to Bumbershoot and Excess Liability (1 day): This course is for Insurance company underwriters, trainees, claims personnel, surveyors, agents or brokers, shipowners, charterers, and marine attorneys who have an interest in this topic or would benefit from professional development.
- Introduction to Marine General Liability (1 day): This introductory class will briefly cover five segments including the Marine Regulatory Environment, the Basic Comprehensive General Liability coverage, Marine General Liability Coverage, Types of Operations, Underwriting Criteria, and Case Studies in an effort to provide a useful overview of this broad subject.
- Advanced Yacht Insurance (1 day): This course will build on the AIMU Introduction to Yacht Insurance course. Students will go into further depth on the topic of yacht insurance and risk selection that encompasses pleasure craft. Topics include - Understanding Complex Risks/Vessel Ownership, Claims including hull losses, Main Exposures Coverage Extensions/ Uses, Storm Planning/Hurricane Proof Facilities, Crew & Operators, Third Party Losses (injuries, collisions, property damage), Aggregation of Limits, Claims and Effect on Loss Ratio, Additional Liability, Surveys & Reinsurance, Target Loss Ratio LAE ULAE Expense Ratios, Development Tails/Trends, Reinsurance Excess P&I/P&I Clubs, and Case Studies with interactive learning.
- Advanced Cargo Claims (1 day): Topics include - Difference in condition rejection, Concealed Damage, Extra Expense, Debris Removal Named brand / label protection, Warehouse claim handling, Inherent Vice claims, and Domestic transit claims.
- Advanced Cargo Underwriting (1 day): Topics include - Contingent interest Guarantee of Collectability, Bulk Cargo Coverage, Refrigerated Cargo Clauses, Control of Damaged Goods, Voyage Frustration, Valuation clauses, and Manuscript Form wordings and New Clauses to the Market.
- Advanced Protection and Indemnity (1 day): This course is intended to provide an in depth look at Protection and Indemnity underwriting and is a complement to the AIMU Introduction to Protection and Indemnity course. Students will go into a detailed review of forms and clauses as well as examine their implications to the risk. It will address, on an advanced level, the rationale for rating. Manuscript policies and the implications of certain additional clauses will also be discussed. Attendees should have previous experience with P&I and be ready to actively participate in discussions regarding the subject and how it relates to their field.
- Advanced Hull Underwriting (1 day): This course will build on the AIMU Introduction to Hull Insurance course. Students will review in further depth and more broadly forms used to insure larger, more sophisticated brown water and coastal vessels, along with US internationally trading vessels. The course will review underwriting approaches for various classes of Hull business and compare the American Institute Hull Clauses with the London Institute Time Hull Clauses and other market forms. In addition to Hull, the course will cover in detail Increased Value, Collision/RDC, Builder’s Risk, hostile acts coverage, and much more.
AMIM 121 Program (On Demand Webinars - 45-75 Min)
- Introduction to Ocean Marine Insurance
- Maritime Regulation; Maritime Security; Tramp Shipping
- Chartering; Liner Shipping
- Industrial and Special Carriers; Tankers; Vessel Management Companies
- Terminals; Stevedore Contracts; Containerization
- Intermodal Transportation; The Ocean Bill of Lading
- Cargo Insurance Policies
- Cargo Underwriting and Loss Control
- The American Institute Hull Clauses
- Other Hull Forms, Freight, and Loss of Charter Hire
- Marine Liability Coverages for Vessel Owners and Charterers
- Hull and P&I Underwriting
- Other Ocean Marine Coverages
- National Exam Prep
Recorded Webinars On Demand
- American Institute Hull Clauses (6/22/77)
- American Institute Tug Form (8/1/76)
- American Institute Builders Risk Clauses (2/8/79)
- American Institute Hull War Risks & Strikes
- Particular Average Claims - Common Charges, Overtime and Temporary Repairs; Bottom Painting, Application Of Deductibles, Unrepaired Damages; Actual And Constructive Total Loss - Claims Consideration; Claims Inchmaree And Negligence Clause, Collision Liability - Part I&II; Collision Claims - Part II; and, Sue And Labor Webinar.
- Intro to Ocean Marine Cargo Surveying - Series Of 5
- From Here to Maturity: The Ultimate Beginner’s Guide to IBNR
- What Year Is It? An Explanation Of The Differences Between Calendar Year, Accident Year, Exposure Year And Underwriting Year
- Freight Forwarders Legal Liability
- Charterer's Legal Liability
- Improving Marine Insurance Policies: Choice of Law Clauses
- Port Accumulation Modeling: Capturing Your Cargo Footprint
- Project Cargo Overview
- Tug Form and Towers Liability
- War Risk Policy Webinar
- Global Cargo Theft Trends and Security Solutions Webinar
- Working with Actuaries 2.0
- Ocean Marine Cargo Insurance - Introduction: Marine Insurance Defined [Part I In A Series Of Iii]
- Ocean Marine Cargo Insurance - All Risks, War, Strikes & Terrorism, Duration Of The Insurance [A Series Of III]
- Marine Pollution 101
- Update On American Institute 2009 Hull Forms
E-Learn On Demand Courses
- The Ocean Marine Cargo Transportation Process (45 min)
- Introduction to the American Institute Cargo Clauses (45 min)
LAST UPDATED ON Feb 19, 2017