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2019 programme portfolio

To be a premier professional training and educational institution, internationally recognised for its programmes for the insurance and related financial services industry.

VISION

MISSION To provide the highest quality professional training and education for the insurance and related financial services industry, so as to contribute to Singapore's development as an international financial centre.

Board of Governors Chairman Mr Daniel Wang

Secretary Ms Karine Kam

GIA Representatives Mr Karl Hamann Ms Stella Tan

LIA Representatives Mr Patrick Teow Mr Ken Ng

SIBA Representative Mr Gerald Lim

SRA Representative Mr Marc Haushofer

Appointed Governors Mr Michael Eu Mr Paul Faulkner Prof Francis Koh

Prof W Jean Kwon Edwin A.G. Manton Chair Professor in International Insurance and Risk Management and Director, Center for the Study of Insurance Regulation School of Risk Management, Insurance and Actuarial ScienceSt. John's UniversityNew York, United States of America

Prof Christopher Parsons Professor in Insurance Faculty of Actuarial Science and Insurance Cass Business School City University London, United Kingdom Prof R Vaidyanathan Professor of Finance & Control UTI Chair Professor in Capital Market Studies Indian Institute of Management BangaloreBangalore, India

International Academic Advisory Board (IAAB)Comprising eminent insurance and business academics from the USA, UK and India, the IAAB offers advice on the academic standards of the SCI curricula, with specific focus on its professional designation programmes and examinations, and ensures their close adherence to best practices in the global insurance and financial services industry.

Academic BoardChairman Prof Tse Yiu Kuen

Members Ms Karine Kam Mr James Beedle Mrs Beng Du Maniar Mr James Tan Ms Stella Tan

Examination BoardChairperson Ms Karine Kam Members Ms Veronica Chia Dr Joelle Fong Ms Zoey Chung Ms Janice Ong

LEADERSHIP & GOVERNANCE

TABLE OF CONTENTSINTRODUCTORY Page No.

GENERAL INSURANCE

Fundamentals Of Commercial General Insurance

Fundamentals Of Health Insurance

04

05

06Fundamentals Of Upstream And Offshore Energy Insurance NEW

ENERGY

07IFRS & Its Impact On Insurance

INSURANCE ACCOUNTING

Reading & Understanding Insurance Financial Statements: E-Learning Approach 10

Submission Of MAS Returns: E-Learning Approach 09

REINSURANCE01

HEALTH INSURANCE

02

Reinsurance Pricing NEW

Fundamentals Of Reinsurance

Fundamentals Of Personal General Insurance 03

08Finance For Non-Financial Managers Workshop


12Foundations In Marine Insurance

MARINE

11Disputes In Motor Claims

INSURANCE CLAIMS

15Understanding Singapore Motor Insurance Principles & Practices

MOTOR INSURANCE

16Overview Of Property Insurance

PROPERTY

17Introduction To Enterprise Risk Management

RISK MANAGEMENT & COMPLIANCE

18The Principles Of Risk-Based Capital

19Enterprise Risk Management & Its Relevance NEW

13Insurance Legal Principles & The Marine Insurance Act 1906

14Types Of Cargo Vessels, Ports And Terminals, Cargo & Parts Of Vessel


24Underwriting Of Group Employee Benefits Insurance

EMPLOYEE BENEFITS

25Underwriting Offshore Energy Insurance

ENERGY

26A Practical Understanding Of CAR & EAR Insurance

ENGINEERING

27Understanding Construction Insurance Risks And Claims

SPECIALIST20Catastrophe Modelling NEW

TECHNICAL23Writing Policy Contracts And Customer-Facing Technical

Documents In Plain English NEW

INTERMEDIATE Page No.

21A.I. & Cognitive Process Automation: An Insurance Perspective NEW

22Insurtech: The Start-Ip Landscape NEW

28Claims Aspects of Engineering & Construction Insurance- A Residential Programme

TABLE OF CONTENTSINTERMEDIATE Page No.

29Business Insurance Planning Workshop (Case Study Approach)

LIFE INSURANCE & FINANCIAL PLANNING

30Statutory Accounting Principles & Accounting For Insurance Contracts:E-Learning Approach


31Legal Issues In Work Injury Compensation Act (WICA) Claims

INSURANCE CLAIMS

32Insights Into Motor Insurance Claims

33Insights Into Claim Fraud

34Understanding Motor Car Construction & Accident Repair From A Claims Perspective

35Property Damage & Business Interruption Claims

36Motor Insurance Claims: Contractual Rights & Obligations

37Directors’ & Officers’ Liability Insurance

LIABILITY

Key Emerging Liability Risks - Underwriting & Claims 38


Professional Indemnity Exposures For Insurance Brokers

A Practical Understanding Of Cyber Insurance Risk Management

39

40

Underwriting & Claims Aspects Of Commercial General Liability Insurance 41

Liability Insurance Issues: Civil Liability, Negligence, Vicarious And Strict Liability 42

Specialist Liability Risks: A Focus On Commercial Crime Insurance & Cyber Insurance NEW

43

44Marine Cargo Policy Wordings: A Practical Perspective

MARINE

45Marine Cargo & Freight Insurance Claims NEW

46Marine Hull: Understanding Vessels And Insuring Them

47A Focus On Marine Liabilities Insurance NEW

50Freight & Transport Liabilities - Managing Risks & Liabilities On The Move NEW

48Emerging Marine Insurance Issues: Including Cyber Risks & Products Updates NEW

49Marine Cargo Insurance: Underwriting, Claims & Risk Management In Dry & Liquid Bulk

LIABILITY

51Marine Hull Policy Wordings: A Practical Perspective

52Marine Insurance Claims Dispute

53Underwriting Project Cargo Insurance


54The Nuts & Bolts Of Property Business Interruption Insurance

PROPERTY

55The “Nuts & Bolts” Of Treaty Reinsurance: Proportional Treaty Reinsurance

REINSURANCE

56The “Nuts & Bolts” Of Treaty Reinsurance: Non-Proportional Treaty Reinsurance

57Reinsurance Contract Treaty Wordings

58Technical Reinsurance Accounts

59Reinsurance PLUS

60Reinsurance Contract Certainty Workshop

61Managing Reinsurance Claims

62Reinsurance Programme Designing & Buying

63Cyber Risk: A Strategic And Holistic Perspective NEW


RBC Framework For Singapore Insurers (Life & Non-Life) 64


65Agriculture Risks: Production, Insurance And Reinsurance NEW

SPECIALIST

66Jewellers’ Block Insurance

67Driving Digital Transformation: Winning With New BusinessModels And Digital Technologies NEW

68Leadership For The Digital Age: Leading Yourself AndYour Organization Through Digital Change NEW

69Embracing New Technologies WithThe Right Operating Models/Strategies NEW

70Data Driven Decision Making And Future Communication NEW

71Managing Risks And Security With A Governance Mindset NEW

72Business Model Canvas For Insurance Innovation NEW

73Entrepreneurial, Design And Agile Thinking NEW

TABLE OF CONTENTSCERTIFICATION PROGRAMMES

74Diploma In General Insurance And Risk Management (DGIRM) - Self-Study

77Advanced Diploma In General Insurance And Risk Management (ADGIRM) - Self-Study

79Diploma In Life Insurance (DLI) - Self-Study

81Chartered Financial Consultant®/Singapore (ChFC®/S)

85Chartered Life Underwriter®/Singapore (CLU®/S)

Page No.

Programme Calendar By Month

Mar 20 Mar - INTERMEDIATE

REINSURANCEReinsurance Contract Certainty Workshop

01 Apr - INTERMEDIATE

INSURANCE CLAIMSInsights Into Motor Insurance Claims

04 & 05 Apr - INTERMEDIATE

EMPLOYEE BENEFITSUnderwriting Of GroupEmployee Benefits Insurance

05 Apr - INTERMEDIATE

INSURANCE CLAIMSLegal Issues In Work InjuryCompensation Act (WICA) Claims


REINSURANCEThe “Nuts & Bolts” Of Treaty Reinsurance: Proportional Treaty Reinsurance

10, 11 & 12 Apr - INTERMEDIATE

REINSURANCEThe “Nuts & Bolts” Of Treaty Reinsurance: Non-Proportional Treaty Reinsurance

11 & 12 Apr - INTRODUCTORY

MOTOR INSURANCEUnderstanding Singapore Motor Insurance Principles & Practices

Apr


Apr 15 Apr - INTERMEDIATE

MARINEMarine Hull: Understanding VesselsAnd Insuring Them


REINSURANCEReinsurance Contract Treaty Wordings

25 & 26 Apr - INTRODUCTORY

MARINEFoundations In Marine Insurance


MARINEA Focus On Marine Liabilities Insurance NEW


PROPERTYThe Nuts & Bolts Of Property Business Interruption Insurance

03 May - INTERMEDIATE

REINSURANCEManaging Reinsurance Claims

06 May - INTRODUCTORY

INSURANCE CLAIMSDisputes In Motor Claims

May


May

23 & 24 May - INTERMEDIATE

LIABILITYDirectors’ & Officers’ Liability Insurance

15, 16 & 17 May - INTRODUCTORY

HEALTH INSURANCEFundamentals Of Health Insurance


PROPERTYOverview Of Property Insurance


INSURANCE CLAIMSUnderstanding Motor Car Construction & Accident Repair From A Claims Perspective


REINSURANCEReinsurance Pricing NEW


INSURANCE CLAIMSInsights Into Claim Fraud

27, 28 & 29 May - INTRODUCTORY

REINSURANCEFundamentals Of Reinsurance


13 & 14 Jun - INTERMEDIATE

LIFE INSURANCE & FINANCIAL PLANNINGBusiness Insurance Planning Workshop(Case Study Approach)


MARINEMarine Cargo Policy Wordings:A Practical Perspective


ENGINEERINGUnderstanding ConstructionInsurance Risks And Claims


LIABILITYA Practical Understanding OfCyber Insurance Risk Management

24 & 25 Jun - INTRODUCTORY

RISK MANAGEMENT & COMPLIANCEIntroduction ToEnterprise Risk Management

Jun 11 Jun - INTERMEDIATE

RISK MANAGEMENT & COMPLIANCECyber Risk: A Strategic AndHolistic Perspective NEW

27 Jun - INTERMEDIATE



17, 18 & 19 Jul - INTRODUCTORY

GENERAL INSURANCEFundamentals OfCommercial General Insurance

03 & 04 Jul - INTERMEDIATE

LIABILITYKey Emerging Liability Risks - Underwriting & Claims

11 Jul - INTRODUCTORY

INSURANCE ACCOUNTINGIFRS & Its Impact On Insurance


SPECIALISTAgriculture Risks: Production,Insurance And Reinsurance NEW



Jul


SPECIALISTCatastrophe Modelling

17, 18 & 19 Jul - INTERMEDIATE


18 Jul - INTERMEDIATE

INSURANCE CLAIMSMotor Insurance Claims:Contractual Rights & Obligations


Jul 22 & 23 Jul - INTERMEDIATE

REINSURANCEReinsurance Contract Treaty Wordings


LIABILITYSpecialist Liability Risks:A Focus On Commercial Crime Insurance& Cyber Insurance NEW


REINSURANCETechnical Reinsurance Accounts


SPECIALISTLeadership For The Digital Age: Leading Yourself And Your Organization Through Digital Change


SPECIALISTDriving Digital Transformation: Winning With New Business Models And Digital Technologies


SPECIALISTInsurtech : The Start-Up Landscape


SPECIALISTA.I. & Cognitive Process Automation:An Insurance Perspective


REINSURANCEReinsurance PLUS


05 & 06 Aug - INTERMEDIATE

EMPLOYEE BENEFITSUnderwriting Of GroupEmployee Benefits Insurance

05 Aug - INTERMEDIATE

SPECIALISTJewellers’ Block Insurance


MARINEMarine Cargo Insurance: Underwriting, Claims & Risk Management In Dry & Liquid Bulk


MARINEFreight & Transport Liabilities- Managing Risks & Liabilities On The Move NEW

Aug

26 AUG - INTERMEDIATE

TECHNICALWriting Policy Contracts And Customer-Facing Technical Documents In Plain English NEW


LIABILITYDirectors’& Officers’ Liability Insurance


LIABILITYUnderwriting & Claims AspectsOf Commercial General Liability Insurancee


INSURANCE CLAIMSProperty Damage &Business Interruption Claims


29 & 30 AUG - INTERMEDIATE

MARINEMarine Hull Policy Wordings:A Practical Perspective

Aug

Sep 5 & 6 Sep - INTERMEDIATE

SPECIALISTEmbracing New Technologies With The Right Operating Models/Strategies

9 & 10 Sep - INTERMEDIATE

MARINEMarine Insurance Claims Dispute


LIABILITYLiability Insurance Issues: Civil Liability, Negligence, Vicarious And Strict Liability

16 Sep - INTRODUCTORY

ENERGYFundamentals Of UpstreamAnd Offshore Energy Insurance NEW

18 Sep - INTERMEDIATE

INSURANCE CLAIMSInsights Into Motor Insurance Claims


ENGINEERINGA Practical UnderstandingOf CAR & EAR Insurance


19 & 20 Sep - INTRODUCTORY

GENERAL INSURANCEFundamentalsOf Personal General Insurance

Sep 19 Sep - INTERMEDIATE

SPECIALISTData Driven Decision MakingAnd Future Communication

23 & 24 Sep - INTRODUCTORY

MOTOR INSURANCEUnderstanding SingaporeMotor Insurance Principles & Practices




INSURANCE CLAIMSLegal Issues In Work InjuryCompensation Act (WICA) Claims


SPECIALISTManaging Risks And Security With A Governance Mindset


MARINEMarine Hull: Understanding VesselsAnd Insuring Them

20 Sep - INTRODUCTORY

INSURANCE ACCOUNTINGFinance For Non-Financial Managers Workshop


Sep 27 Sep - INTERMEDIATE

ENERGYUnderwriting Offshore Energy Insurance

07 Oct - INTRODUCTORY

INSURANCE CLAIMSDisputes In Motor Claims

09 & 10 Oct - INTRODUCTORY

MARINEFoundations In Marine Insurance NEW

08 Oct - INTERMEDIATE

INSURANCE CLAIMSInsights Into Claim Fraud


MARINEMarine Cargo &Freight Insurance Claims NEW

08, 09 & 10 Oct - INTERMEDIATE

SPECIALISTBusiness Model Canvas For Insurance Innovation


MARINEEmerging Marine Insurance Issues: Including Cyber Risks & Products Updates NEW

Oct


Oct


LIFE INSURANCE & FINANCIAL PLANNINGThe Practice Of Estate Planning For HNW


RISK MANAGEMENT & COMPLIANCEEnterprise Risk Management & Its Relevance NEW

14 & 15 Oct - INTERMEDIATE

MARINEInsurance Legal Principles& The Marine Insurance Act 1906 NEW

16, 17 & 18 Oct - INTRODUCTORY

GENERAL INSURANCEFundamentals OfCommercial General Insurance


TECHNICALWriting Policy Contracts And Customer-Facing Technical Documents In Plain English NEW




RISK MANAGEMENT & COMPLIANCERBC Framework For Singapore Insurers(Life & Non-Life)

17 & 18 Oct - INTRODUCTORY

MARINETypes Of Cargo Vessels, Ports And Terminals, Cargo & Parts Of Vessel NEW


Oct 23, 24 & 25 Oct - INTERMEDIATE



RISK MANAGEMENT & COMPLIANCEEnterprise Risk Management & Its Relevance


REINSURANCEReinsurance ProgrammeDesigning & Buying


SPECIALISTEntrepreneurial, Design And Agile Thinking

12 & 13 Dec - INTERMEDIATE

RISK MANAGEMENT & COMPLIANCERBC Framework For Singapore Insurers(Life & Non-Life)

Dec

SCI Series Of ProgrammesREINSURANCE01. Reinsurance Pricing NEW 02. Fundamentals Of Reinsurance03. The “Nuts & Bolts” Of Treaty Reinsurance: Proportional Treaty Reinsurance04. The “Nuts & Bolts” Of Treaty Reinsurance: Non-Proportional Treaty Reinsurance05. Reinsurance Contract Treaty Wordings06. Technical Reinsurance Accounts07. Reinsurance PLUS08. Reinsurance Contract Certainty Workshop09. Managing Reinsurance Claims10. Reinsurance Programme Designing & Buying

GENERAL INSURANCE11.Fundamentals Of Personal General Insurance12.Fundamentals Of Commercial General Insurance

HEALTH INSURANCE13. Fundamentals Of Health Insurance

ENERGY14. Fundamentals Of Upstream And Offshore Energy Insurance NEW

15. Underwriting Offshore Energy Insurance

INSURANCE ACCOUNTING16. IFRS & Its Impact On Insurance17. Reading & Understanding Insurance Financial Statements: E-Learning Approach18. Submission Of MAS Returns: E-Learning Approach19. Statutory Accounting Principles & Accounting For Insurance Contracts20. Finance For Non-Financial Managers Workshop

INSURANCE CLAIMS21. Disputes In Motor Claims22. Legal Issues In Work Injury Compensation Act (WICA) Claims23. Insights Into Motor Insurance Claims24. Insights Into Claim Fraud25. Understanding Motor Car Construction & Accident Repair From A Claims Perspective26. Property Damage & Business Interruption Claims27. Motor Insurance Claims: Contractual Rights & Obligations

MOTOR INSURANCE28. Understanding Singapore Motor Insurance Principles & Practices

PROPERTY29. Overview Of Property Insurance30.The Nuts & Bolts Of Property Business Interruption Insurance

RISK MANAGEMENT & COMPLIANCE31. Introduction To Enterprise Risk Management32. The Principles Of Risk-Based Capital 33. Enterprise Risk Management & Its Relevance NEW

34. Cyber Risk: A Strategic And Holistic Perspective NEW

35. RBC Framework For Singapore Insurers (Life & Non-Life)

SPECIALIST36. Catastrophe Modelling NEW

37. A.I. & Cognitive Process Automation: An Insurance Perspective NEW

38. Insurtech: The Start-Ip Landscape NEW

39. Agriculture Risks: Production, Insurance and Reinsurance NEW 40. Jewellers’ Block Insurance41. Driving Digital Transformation: Winning With New Business Models And Digital Technologies NEW

42. Leadership For The Digital Age: Leading Yourself And Your Organization Through Digital Change NEW

43. Embracing New Technologies With The Right Operating Models/Strategies NEW

44. Data Driven Decision Making And Future Communication NEW

45. Managing Risks And Security With A Governance Mindset NEW

46. Business Model Canvas For Insurance Innovation NEW

47. Entrepreneurial, Design And Agile Thinking

Energy48. Underwriting Offshore Energy Insurance

EMPLOYEE BENEFITS49.UnderwritingOfGroupEmployeeBenefitsInsurance

ENGINEERING50. A Practical Understanding Of CAR & EAR Insurance51. Understanding Construction Insurance Risks And Claims52. Claims Aspects Of Engineering & Construction Insurance

SCI Series Of Programmes

SCI Series Of ProgrammesLIABILITY53.Directors’&Officers’LiabilityInsurance54. Key Emerging Liability Risks - Underwriting & Claims55. Professional Indemnity Exposures For Insurance Brokers56. A Practical Understanding Of Cyber Insurance Risk Management57. Underwriting & Claims Aspects Of Commercial General Liability Insurance58. Liability Insurance Issues: Civil Liability, Negligence, Vicarious And Strict Liability59. Specialist Liability Risks: A Focus On Commercial Crime Insurance & Cyber Insurance NEW

MARINE60. Foundations In Marine Insurance61. Insurance Legal Principles & The Marine Insurance Act 1906 NEW

62. Types Of Cargo Vessels, Ports And Terminals, Cargo & Parts of Vessel63. Marine Cargo Policy Wordings: A Priactical Perspective64. Marine Cargo & Freight Insurance Claims NEW

65. Marine Hull: Understanding Vessels And Insuring Them66. A Focus On Marine Liabilities Insurance NEW

67. Emerging Marine Insurance Issues: Including Cyber Risks & Products Updates NEW

68. Marine Cargo Insurance: Underwriting, Claims & Risk Management In Dry & Liquid Bulk69. Freight & Transport Liabilities - Managing Risks & Liabilities On The Move NEW

70. Marine Hull Policy Wordings: A Practical Perspective71. Marine Insurance Claims Dispute72. Underwriting Project Cargo Insurance

Life Insurance & Financial Planning73. Business Insurance Planning Workshop (Case Study Approach)74. The Practice Of Estate Planning For HNW

Technical 75. Writing Policy Contracts And Customer-Facing Technical Documents In Plain English NEW

Introductory Series

Financial Training Scheme (FTS)* Subject to terms and conditions. ** 90% FTS Funding is only for Singaporean 40 years old and above.

Programme HighlightsThis 1-day programme introduces the basics of non-life reinsurance pricing in both theory and practical aspects. It provides the foundation to quantify risks in a systematic yet intuitive way while recognising other premium components. These basics are versatile in assessing risks of different nature and are applicable even for emerging risks.

Reinsurance Pricing

REINSURANCE

Introductory 9.00am to 5.00pm

7 May 2019

Fee Per Participant

01

For WhomThis programme is suitable for those with minimal or no experience in reinsurance pricing.

NEW

Singapore-based Participant

Member CompanyS$329.56S$175.56 (After 50% FTS* Funding)S$52.36 (After 90% FTS** Funding)

Non-Member CompanyS$362.52S$193.12 (After 50% FTS* Funding)S$57.60 (After 90% FTS** Funding)

Overseas ParticipantS$338.80



Member CompanyS$529.65 S$282.15 (After 50% FTS* Funding)S$84.15 (After 90% FTS** Funding)



Programme HighlightsThe 3-day course aims to provide participants with a fundamental knowledge of the functions and the fundamental principles of reinsurance, the terms and concepts as reflected in the various types of treaty accounts documents, the concept and functions of life reassurance, the various forms of reinsurance and their application. It also describes the characteristics, advantages and disadvantages of different forms of reinsurance arrangement and the common treaty clauses in proportional and non-proportional treaties. The application of such clauses shall also be covered in this course.

Fundamentals Of Reinsurance

REINSURANCE


27, 28 & 29 May 2019

Fee Per Participant

For Whom• Staff in reinsurance companies who support the underwriting,

technical accounting and claims functions in their organisations.

• Other non-operational support staff working in reinsurance companies.

• Support staff working in reinsurance broking firms. • Staff in reinsurance departments of direct insurance companies

who support the placement, technical accounting and claims functions.

• Staff of regulatory bodies who need to understand the principles and practical applications of reinsurance.

• New entrants to the insurance and reinsurance industry.

02






Programme HighlightsThe 2-day course aims to provide participants with the essential knowledge and understanding of the main personal lines of general Insurance products available to individual and families. Such insurance products include Private Motor Car Insurance, Personal Property Insurance, Personal Accident Insurance, Travel Insurance, Foreign Domestic Worker Insurance and Hospital Cash Insurance.

Fundamentals OfPersonal General Insurance

GENERAL INSURANCE


Fee Per Participant

03

For Whom• All general insurance intermediaries and company staff

members, reinsurers and new entrants to the insurance industry.

• Other practitioners who wish to refresh their foundational knowledge of personal general insurance products.1st Intake: 10 & 11 Jul 2019

2nd Intake: 19 & 20 Sep 2019


1st Intake: 17, 18 & 19 Jul 20192nd Intake: 16, 17 & 18 Oct 2019





Programme HighlightsThe 3-day course aims to equip participants with essential knowledge and understanding of the main commercial general Insurance products available to businesses and commercial enterprises. Such insurance products include Fire Insurance, Theft Insurance, Commercial Special Risks Insurance, Business Interruption Insurance, Work Injury Compensation Insurance, Public Liability Insurance, Professional Indemnity Insurance, Director’s & Officer’s Liability Insurance, Commercial Motor Insurance, Marine Insurance, Construction & Engineering Insurance, Fidelity Guarantee Insurance, Credit Insurance, Insurance Bonds and Group Personal Accident Insurance.

Fee Per Participant

For Whom• All general insurance intermediaries and company staff

members, reinsurers and new entrants to the insurance industry.

• Other practitioners who wish to refresh their foundational knowledge on commercial general insurance products.

04

Fundamentals Of Commercial General Insurance

GENERAL INSURANCE







Programme HighlightsThe 3-day course aims to provide participants with an overview of the healthcare environment in Singapore and equip them with a fundamental understanding of the various medical insurance covers. In addition, it provides participants with a foundational knowledge of managed healthcare, healthcare financing, common policy provisions, health insurance pricing, health insurance underwriting, and financial needs analysis, as well as the coverage of Notice No. MAS 120.

Fundamentals Of Health Insurance

HEALTH INSURANCE


15, 16 & 17 May 2019

Fee Per Participant

05

For Whom• All life and general insurance intermediaries and company

staff members who are involved in advising and / or selling any type of Health Insurance products.

• Other practitioners who wish to refresh their foundational knowledge on health insurance products.


06NEW

16 Sep 2019

Programme HighlightsThis course requires no prior knowledge of the Oil & Gas sector or related insurances. It gives an overview of the Exploration, Development and Production phases of an oil/gas reservoir and the related risks for Oil Companies & Contractors and insurances available. The module is useful for those beginning a career in Upstream Energy Insurance and those requiring a broad understanding of the principles and practices of Upstream Energy Insurance.

Fee Per Participant

For Whom• Those beginning a career in Upstream Energy Insurance.• Those requiring a broad understanding of the principles and

practices of Upstream Energy Insurance.

Fundamentals Of Upstream And Offshore Energy Insurance

ENERGY









Non-Member CompanyS$362.52 S$193.12 (After 50% FTS* Funding)S$57.60 (After 90% FTS** Funding)


IFRS & Its Impact On Insurance

INSURANCEACCOUNTING

Programme HighlightsInsurers are bracing themselves for significant changes to the accounting for insurance contracts under IFRS 17 Insurance Contracts. While the change is still a number of years away, insurers are already starting to get themselves ready. In addition, the accounting for the assets side of an insurer’s balance sheet will also be undergoing changes with FRS 109 Financial Instruments. This course will provide an in-depth understanding of the requirements of IFRS 17 and their implications to insurers. It will also provide an overview of FRS 109. Insurance professionals will be able to gain practical knowledge of the new standards.


11 Jul 2019Fee Per Participant

07

For WhomInsurance professionals who have good knowledge of current accounting for insurance contracts, particularly those at the finance manager and above level.

08NEW

Programme HighlightsThis 1 day course aims to equip participants with practical knowledge of finance to enable them to effectively take into consideration the financial management and accounting practices of organisations in their day to day functions and business planning; the course is contextualised to the insurance industry and applicable to both life and non-life insurance.This course is delivered using predominately active learning activities with short presentations on key concepts; activities may include role-plays, group discussions and case studies to allow learners to relate key learning points.

Fee Per Participant

For Whom• Those in relationship management, risks, credit and lending.• Anyone who want to enhance their finance and accounting

capability within their functional roles. • Those in the insurance industry who wish to enhance their

knowledge of finance


Member CompanyS$329.56

Non-Member CompanyS$362.52


Finance For Non-Financial Managers Workshop

INSURANCEACCOUNTING

20 Sep 2019


09

S$267.50

E-Learning Approach

Submission Of MAS Returns

INSURANCEACCOUNTING

Programme HighlightsThrough e-learning mode, participants will acquire a good understanding of the requirements and be able to prepare the statutory returns required to be submitted to MAS. This course will comprise the MAS returns relating to the financial performance of the insurer effective for use from 2019 and also the current risk-based capital solvency calculations.

Introductory 2 hours

Fee Per Participant

10E-Learning Approach

S$267.50

Programme HighlightsInsurance professionals today are often expected to read and interpret financial statements in the normal course of their work, whether this is to better understand the business operations of their potential clients, or to assess the financial strength of the insurance and reinsurance entities that they deal with. Through e-learning mode, insurance professionals, especially those without formal accounting training or knowledge of concepts, terminologies and practices, will be able to interpret and analyse financial statements competently and with greater confidence.

Fee Per Participant

Introductory 2 hours

Reading & Understanding Insurance Financial Statements

INSURANCEACCOUNTING


11

1st Intake: 6 May 20192nd Intake: 7 Oct 2019





Programme HighlightsAll Motor Insurance practitioners, including claims personnel, can benefit from attending this programme. This programme will cover key areas of the Motor Insurance policy, specifically Sections 1 and 2, and will highlight important terms and conditions of the insurance contract, including the roles and obligations of each party. Participants will better understand the requirements of the Motor Claims Framework (MCF) governing various stakeholders, including how relevant legislations are enforced by the authorities and interpreted by interested parties. The do’s and don’ts at the location of accident/incident, report filing, submission of Own Damage claims as well as seeking recoveries for uninsured losses against third party insurers will also be explained. The key learning outcome for participants attending this programme is to acquire deeper insights into why disputes arise in Motor Insurance claims. Through this programme, participants learn to identify potential problems at the onset to prevent disputes from arising. With more clarity on the claims process and deeper understanding of how the contract works, participants can steer a more positive claims outcome for customers.

Fee Per Participant

For WhomGeneral Insurance Agents, Insurance Brokers and Customer Service Officers, Underwriting and Claims Assistants involved in the Motor Insurance class. Also suitable for those Motor Traders involved in arranging Motor Insurance for their clients.

Disputes In Motor Claims

INSURANCE CLAIMS


12

1st Intake: 25 & 26 Apr 20192nd Intake: 9 & 10 Oct 2019


Member CompanyS$1,224.08S$652.08 (After 50% MCF* Grant)

Non-Member CompanyS$1,346.49 S$717.29 (After 50% MCF* Grant)

Overseas ParticipantS$1,258.40

Programme HighlightsThis workshop focuses on how the maritime shipping world works, the important shipping documentation involved, specific marine insurance law and why marine insurance is different from all other classes of insurance. It also covers marine insurance claims matters and gives an overview of the various classes of marine insurance.Marine War and Strikes risks shall also be addressed along with piracy issues.


Fee Per Participant

For Whom• Marine and Energy Underwriting Assistants, Underwriters,

Claims Assistants, Executives, Business Development & Marketing Executives.

• Protection & Indemnity (P&I) Association Underwriting Assistants and P&I Claims Assistants.

• Marine Insurance Agents, Marine and Energy Insurance Brokers and Customer Service Officers.

• Shipping Agents, Maritime Lawyers, Marine Surveyors, Loss Adjusters, Marine Vessel Charterers and Operators.

• Importers & Exporters of Goods and Freight Forwarders.• Government Ports, Shipping Authorities and Marine Salvage

Companies. • Marine Reinsurers and Reinsurance Brokers.

Foundations In Marine Insurance

MARINE

* Subject to terms and conditions.

14 & 15 Oct 2019

Programme HighlightsMarine insurance practitioners need to have a solid grounding in legal principles and the provisions of the Marine Insurance Act (MIA) when underwriting marine insurance or handling marine insurance claims. This programme covers these issues and also addresses recent changes in UK insurance law that impacts the MIA which has been in existence for centuries! Relevant case studies/case law shall also be shared to enhance participants’ understanding of marine insurance law.


Fee Per Participant

For WhomThis programme is designed for those new to marine insurance and those who wish to gain a foundational knowledge of the legal principles pertaining to marine insurance and the provisions of the Marine Insurance Act. Suitable for underwriters, brokers, reinsurers and claims handling personnel.

Insurance Legal Principles &The Marine Insurance Act 1906

MARINE



Non-Member CompanyS$1,346.49 S$717.29 (After 50% MCF* Grant)



13


Member CompanyS$1,224.08

Non-Member CompanyS$1,346.49


17 & 18 Oct 2019

Programme HighlightsMarine insurance practitioners need to know about the risk profile of vessels and cargoes when underwriting marine insurance or handling marine insurance claims. This programme covers these issues while focusing on the main factors affecting the location of major seaports, terminals, airports and principal routes and their impact on marine insurance. The main cargoes transported by sea and air as well as the issues associated with their carriage shall also be examined in this programme.


Fee Per Participant

For WhomThis programme is designed for those new to marine insurance and those who wish to gain a foundational knowledge of the risk profiles of vessels and cargoes not to mention the factors affecting the location of seaports, terminals and airports. It is also ideal for those who wish to know the cargoes transported by sea and air as well as the issues associated with their carriage.Suitable for underwriters, brokers, reinsurers, surveyors, loss adjusters and claims handling personnel.

Types Of Cargo Vessels, Ports AndTerminals, Cargo & Parts Of Vessel

MARINE

14


15

1st Intake: 11 & 12 Apr 20192nd Intake: 23 & 24 Sep 2019





Programme HighlightsThis 2-day programme provides a comprehensive in-depth study of the main provisions of the Motor Vehicles (Third-Party Risks and Compensation) Act, as well as the structure and practices of the Motor Insurance industry in Singapore.

Introductory 9.00am to 5.00pmFee Per Participant

For WhomGeneral Insurance Agents, Insurance Brokers and Customer Service Officers, Underwriting and Claims Assistants involved in the Motor Insurance class. Also suitable for those Motor traders involved in arranging Motor Insurance for their clients.

Understanding Singapore Motor Insurance Principles & Practices

MOTOR INSURANCE






23 May 2019

Programme HighlightsThis 1-day programme aims to provide participants with a firm foundation to underwrite various classes of Property Insurance including fire, theft, plate glass, electronic equipment and commercial all risks insurance in addition to handling claims relating to these classes of business. It also aims to enable marketing personnel, brokers and other intermediaries to be more effective in developing and retaining their commercial general insurance prospects by rendering them the appropriate technical advice and claims handling service.


Fee Per Participant

For Whom• Underwriters and Claims Practitioners in insurance companies

who are handling Property Insurance.• All General Insurance intermediaries and company staff

members who are involved in advising and/or selling Property Insurance.

Overview Of Property Insurance

PROPERTY

16


17





24 & 25 Jun 2019

Programme HighlightsThis 2-day programme covers the latest update to the Enterprise Risk Management Framework which aims to help organisations improve the way they identify, evaluate, manage risk and seize opportunities in achieving their strategy by encouraging a risk-conscious corporate culture. Guidance (including useful references on commonly used ERM frameworks and templates) will also be provided to enable participants to help their organisations establish a formal ERM process, as well as respond to and manage risks in a more effective and efficient manner.


Fee Per Participant

For Whom• Risk management professionals.• Operations, finance, compliance and internal controls

personnel.• Insurance intermediaries who wish to know more about risk

management and add it to their suite of services provided to their clients.

• Those who are tasked with the responsibility to develop or enhance the company’s risk management process.

Introduction ToEnterprise Risk Management






6 Aug 2019

Programme HighlightsThis half-day programme introduces the basics of risk-based capital in non-life insurance. It provides the foundation to appreciate how capital is calculated, allocated and allowed for in the overall business operations. These principles are versatile and manifested in various solvency frameworks shaped by different regulations across the world.

Introductory 9.00am to 12.00pmFee Per Participant

For Whom• Accounting, finance, underwriting, claims, internal audit and

compliance executives. • Also suitable for those with minimal or no experience in risk

based capital.

The Principles OfRisk-Based Capital


18





29 Oct 2019

Programme HighlightsThis half-day programme introduces the basics of ERM in a non-life insurance company. Covering the oversight structure, it provides the foundation to appreciate how everyone in the company is important to enterprise risk management. This holistic perspective allows one to anticipate future problems and opportunities while working with various stakeholders to ensure effective risk management.


Fee Per Participant

For WhomRisk management, operations, underwriting, claims, finance, compliance and internal controls executivesAlso suitable for those with minimal or no experience in enterprise risk management.

Enterprise Risk Management& Its Relevance


19 NEW





16 Jul 2019

Programme HighlightsThis 1-day programme introduces the basics of non-life catastrophe modelling. From understanding the various perils and their impact, to understanding how CAT modelling works and its results, this session provides a holistic perspective of quantifying catastrophe risk. Practical uses of such quantification will also be described, together with considerations that help users review CAT modelled results confidently.


Fee Per Participant

For Whom• Executives from the insurance, finance, public and private

sectors with interest in catastrophe risk modelling and management.

• Also suitable for those with minimal or no experience in catastrophe modelling.

Catastrophe Modelling

SPECIALIST

20NEW





26 Jul 2019

Programme HighlightsImagine a virtual worker who will do tasks with high accuracy without needing a break! Cognitive Process Automation software-robots can be that ideal assistant who will help you with your office work on computers. Regardless of whether you are doing due-diligence check on prospective customers, policy administration or processing claims, software robots can help. By adopting these bots with Artificial Intelligence (A.I.), you can save up to 70% of cost, complete tasks 4 to 5 times faster, and achieve higher accuracy. Learn to work smart and stay happy with software robots.


Fee Per Participant

For WhomThose who are interested in knowing how to apply A.I. & Cognitive Process Automation software in insurance marketing, policy administration or processing claims.Suitable for insurance underwriters, marketing officers, brokers, claims handlers, customer service officers, policy administrators and IT staff.

A.I. & CognitiveProcess Automation:

An Insurance Perspective

SPECIALIST

21 NEW


Member Company$85.60

Non-Member Company$94.16

Overseas Participant$88.00

26 Jul 2019

Programme HighlightsThis workshop covers the role of the various players in the InsurTech ecosystem and the key trends in the InsurTech space. Technologies being employed by startups to enhance the insurance value chain shall be examined as well as a typical engagement between an InsurTech and an incumbent.

Introductory 10.00am to 11.00am

Fee Per Participant

For Whom• Insurance professionals who wish to have a greater

understanding of the marketplace for startups, venture capital, ecosystem players and how they are collaborating and or competing with incumbent insurers, brokers and reinsurers.

• Individuals who want to understand core InsurTech themes in different markets, the problems that are being solved in the insurance value chain and the skillsets that are relevant in the space.

• Suitable for management executives, human resource managers,marketing officers, underwriters, brokers, claims handlers and IT personnel

Insurtech :The Start-Up Landscape

SPECIALIST

22NEW





26 Aug 2019

Programme HighlightsThis course focuses on the writing skills required by technical professionals to address common writing errors and issues; lengthy and convoluted sentences; use of outdated expressions that create customer dissatisfaction and misunderstanding; writing that is not reader-centric and nally, grammatical and spelling errors that undermine the professionalism and image of the company.

Introductory 9.00am to 12.00pm Fee Per Participant

For WhomExecutives from Product, New Business, Policy Servicing, Claims, Pricing, Legal and Compliance Department.

Writing Policy Contracts And Customer-Facing Technical Documents In Plain English

TECHNICAL

23 NEW

Intermediate Series


24Programme HighlightsThis 2-day programme aims to provide participants with a firm foundation to underwrite Group Employee Benefits Insurance. It also aims to enable marketing personnel, brokers and other intermediaries to be more effective in developing and retaining their employee benefits prospects by rendering them the appropriate technical advice. Employers will also find this programme useful in enhancing their understanding of Employee Benefits Insurance.

Intermediate 9.00am to 5.00pm

Fee Per Participant

For Whom• Underwriters, Sales Personnels, Business Development and

Marketing Executives who are handling Employee Benefits Insurance.

• All Life and/or General Insurance Intermediaries and Company Staff Members who are involved in advising and / or selling Employee Benefits Insurance.

• Human Resource Executives using Employee Benefits Insurance to cater to the needs for their employees as well as their dependants.

Underwriting Of GroupEmployee Benefits Insurance

EMPLOYEE BENEFITS

1st Intake: 4 & 5 Apr 20192nd Intake: 5 & 6 Aug 2019










25

27 Sep 2019

Programme HighlightsThe South-east Asian region is an area rich in oil and gas reserves and this has consequently spawned the development of a sizeable regional Energy Insurance market. This 1-day programme is aimed at providing participants with deep practical insights into this specialist class of insurance, including the scope of the commonly-offered Offshore Energy Insurance covers. It will also provide an overview of the physical and other hazards that need to be considered in underwriting such risks, as well as an appreciation of how claims arising from such covers are handled and settled.


Fee Per Participant

For Whom• Underwriters and Claims Practitioners in insurance and

reinsurance companies with 3 to 5 years of experience in handling Offshore Energy Insurance.

• Other professionals who are interested to gain an understanding of the physical and other hazards that need to be considered in underwriting such risks, as well as how claims arising from such covers are handled and settled.

Underwriting OffshoreEnergy Insurance

ENERGY


26

16 & 17 Sep 2019





Programme HighlightsWith the emerging economies in Asia back on a growth trend, there are increasing numbers of large infrastructure development projects cropping up all across the region. Consequently, the demand for Construction and Engineering-related Insurance covers has grown steadily in the region. Through lectures and case studies, you will acquire sound technical knowledge of one of the main Engineering Insurance classes to effectively underwrite this class of business. Claims aspects will also be covered during this 2-day programme.


Fee Per Participant

For Whom• Underwriters in insurance and reinsurance companies; as well

as Insurance and Reinsurance Brokers, with 3 to 5 years of work experience in dealing with CAR/EAR Insurance risks.

• Other practitioners who may wish to gain sound technical knowledge of this class of business to better understand or reinforce their knowledge in Cargo Insurance.

A Practical Understanding OfCAR & EAR Insurance

ENGINEERING


27





17 & 18 Jun 2019

Programme HighlightsThis 2-day programme is designed to equip participants with a strong grounding and understanding of the technical aspects of engineering and construction risks, as they apply to insurance. The knowledge acquired will guide participants in the assessment and underwriting of construction risks, as well as the handling and evaluation of such claims.Apart from lectures, case studies, discussions and interactions, there will be an opportunity for participants to make a site visit to an appropriate construction site. This will enable them to appreciate construction issues better from a practical point of view.Intermediate 9.00am to 5.00pm

Fee Per Participant

For Whom• Underwriting and Claims Executives.• Marketing and Business Development Personnel, including

Insurance Brokers and Agents.• Anyone wishing to acquire some basic technical knowledge

in the areas of Engineering and Construction, with insurance application in particular.

Understanding Construction Insurance Risks And Claims

ENGINEERING



Member CompanyS$1,218.20S$648.95 (After 50% FTS* Funding)S$193.55 (After 90% FTS** Funding)

Non-Member CompanyS$1,340.00S$713.83 (After 50% FTS* Funding)S$212.89 (After 90% FTS** Funding)


8, 9 & 10 Jul 2019

Programme HighlightsInsurances relating to engineering and construction are getting more and more relevant these days as complicated projects and technical risks are being developed in Singapore and in the region. Each engineering project and/or operational plants have their own challenges and risk exposures. Insurance Buyers i.e. Project/Plant Owners and Contractors have higher expectation when the appropriate policy coverage is arranged. Claims often become the disappointment for stakeholders and its poor handling leads to conflicts, arbitration and even legal tussles. During this 3-day programme, certain engineering insurance products will be studied and special consideration will be given to address claims handling complications and issues. In this instance, case studies will be used to illustrate how various policy wordings and endorsements are relevant to equitable claims assessment. This programme incorporates a visit to a forensic laboratory to witness testing and examination procedures for failure analysis of various materials.


Fee Per Participant

For Whom• Insurance personnel who have at least 2 years of work

experience in dealing with engineering/ construction insurances and/or related claims.

• Brokers, agents, loss adjusters, reinsurers and other insurance industry staff who are keen to develop further knowledge in this subject matter.

CLAIMS ASPECTS OF ENGINEERING& CONSTRUCTION INSURANCE- A RESIDENTIAL PROGRAMME

ENGINEERING

28


29

13 & 14 Jun 2019

Programme HighlightsSmall and Medium Enterprises (SMEs) are key to Singapore’s economy. They contribute more than 50 per cent of economic output and 70 per cent of employment. Business risks faced by SMEs range from debt collection to business continuity, from nancing to asset protection.In this Workshop, using practical case studies and exercise, a veteran nancial consultant will share on how nancial consultants or relationship managers can help their corporate clients use life insurance to mitigate some of these risks. Questions such as these will be addressed: What happens to the business when the business owner retires, dies or becomes totally and permanently disabled? What happens when key employees leave the business due to resignation or trigger events such as death or contracts a critical illness or becomes disabled? How can business owners seek ways to retain their key employees? What happens when business owners due to trigger events like death or disability, are unable to discharge their loan obligations? How does the business owner protect himself against the risk of losing a major debtor due to similar trigger events?


Fee Per Participant

For WhomFinancial Consultants with a minimum of one year of experience in sales.(In- House arrangement is available)

Business Insurance Planning Workshop (Case Study Approach)

LIFE INSURANCE & FINANCIAL PLANNING


Member CompanyS$1,070.00S$570.00 (After 50% FTS* Funding)S$170.00 (After 90% FTS** Funding)

Non-Member CompanyS$1,177.00S$627.00 (After 50% FTS* Funding)S$187.00 (After 90% FTS** Funding)


Programme HighlightsThrough e-learning mode, participants will acquire a good understanding of the Singapore Statutory Accounting Principles & Accounting for Insurance Contracts (FRS 39 & FRS 104) that they will apply to workplace situations involving the preparation, recording, processing, checking, consolidation and/or interpretation of financial statements and accounts for insurance entities.

Intermediate 2 hours

Fee Per Participant

Statutory AccountingPrinciples & AccountingFor Insurance Contracts


S$267.50

E-Learning Approach 30


Programme HighlightsIn Singapore, an employee who is injured in a work-related accident, namely one arising out of and in the course of his employment, has two avenues for seeking redress – either under a “Statutory” claim under the Work Injury Compensation Act (Cap. 354) [WICA] or a “Common Law” claim. This programme will provide participants with a basic to intermediate knowledge of these two avenues.


Fee Per Participant

For Whom• Underwriters, Marketing Executives, Claims Officers and other

Insurance Practitioners who wish to gain practical knowledge in handling such claims.

• All Brokers, Agents and other intermediaries who wish to have a better understanding of Work Injury Compensation claims from a legal perspective.

• Staff and representatives of general insurance companies who provide sales advice on Work Injury Compensation Insurance or advice relating to such claims.

Legal Issues In Work Injury Compensation Act (WICA) Claims

INSURANCE CLAIMS





1st Intake: 5 Apr 20192nd Intake: 26 Sep 2019

31


32






Programme HighlightsThe 1-day programme seeks to equip practitioners with a better understanding of contractual obligations binding the insured and the insurer in a typical Motor Insurance policy. Important policy terms and conditions and what this means will be explained. There will also be case study examples to demonstrate how these apply, including an example of a court award and basis of the judgement.The programme will also help participants to gain practical insights into claims procedures that will help them to be more effective, and to provide a more positive customer experience when handling a claim.Intermediate 9.00am to 5.00pm

Fee Per Participant

For WhomGeneral Insurance Agents, Insurance Brokers, Customer Service Officers, Underwriting and Claims Assistants with at least 3 years’ experience in handling Motor Insurance claims.

Insights IntoMotor Insurance Claims

INSURANCE CLAIMS


33





Programme HighlightsIt is reported that insurance fraud accounts for 10% of all incurred claims paid by the insurance industry each year. In the USA alone, this can amount to tens of billions of dollars. This 1-day programme will draw participants’ attention to the different types of claim fraud, by distinguishing between hard fraud and soft fraud. Participants will also learn the reasons for the rising trend in soft fraud and the prevalent types of soft fraud today. With the aid of case studies, the programme will also highlight how soft fraud can be detected, investigated and tackled.


Fee Per Participant

For Whom• Claims Practitioners with 3 to 5 years of work experience in

handling insurance claims. • Other practitioners who are interested in knowing more about

insurance fraud.

Insights Into Claim Fraud

INSURANCE CLAIMS

1st Intake: 8 May 20192nd Intake: 8 Oct 2019


34





24 May 2019

Programme HighlightsThrough classroom lectures and a site visit, participants will gain pertinent knowledge of motor car mechanisms that will help to enhance their customer service effectiveness when dealing with Motor Insurance claims.

Intermediate 9.00am to 5.00pm Fee Per Participant

For WhomClaims Practitioners with 3 to 5 years of experience in handling Motor Insurance claims. Also suitable for practitioners who may wish to gain knowledge of motor car mechanisms to enhance their customer service effectiveness when dealing with Motor Insurance claims.

Understanding Motor Car Construction & Accident Repair

From A Claims Perspective

INSURANCE CLAIMS


35





Programme HighlightsClaims service is of the utmost importance to every policyholder and insurance/risk manager. This 2-day programme provides an insight into the management of Property and Business Interruption claims with an examination of the respective roles of insurers, brokers, loss adjusters, forensic accountants, forensic scientists, lawyers, and other consultants. Guest speakers from these claims specialists will also share their knowledge and experience enabling participants to have a varied perspective of such claims.Through the use of claims examples via interactive sessions, participants will acquire a practical knowledge of technical claim principles.


Fee Per Participant

For WhomUnderwriters and Claims Practitioners in insurance and reinsurance companies; as well as Insurance and Reinsurance Brokers, with more than 4 years of work experience in dealing with Property and Business Interruption claims.

Property Damage &Business Interruption Claims

INSURANCE CLAIMS

19 & 20 Aug 2019


36





18 Jul 2019

Programme HighlightsThis 1-day programme will provide participants with the necessary knowledge to effectively manage the Motor Insurance claims process. Participants will also learn about the information required to support the claim decision-making process.

Intermediate 9.00am to 5.00pmFee Per Participant

For WhomClaims Practitioners with more than 6 years of experience in handling Motor Insurance claims. Also suitable for practitioners who may wish to gain the necessary knowledge to effectively manage the Motor Insurance claims process.

Motor Insurance Claims: Contractual Rights & Obligations

INSURANCE CLAIMS


37

1st Intake: 23 & 24 May 20192nd Intake: 22 & 23 Aug 2019





Programme HighlightsThis 2-day programme will provide participants with a strong foundation in Directors’ and Officers’ (D&O) Liability Insurance.This programme will enable participants to gain an overview of the market for D&O Insurance, explain the insuring clauses, policy conditions, exclusions and extensions, as well as identify risk exposures. Key topics include an overview of the D&O Liability Insurance policy.


Fee Per Participant

For WhomUnderwriters and Claims Practitioners in insurance and reinsurance companies with at least 3 years of work experience in handling Financial Lines Insurance, including those practitioners who may want to refresh their foundational knowledge of D&O Insurance.

Directors’ & Officers’Liability Insurance

LIABILITY


38





3 & 4 Jul 2019

Programme HighlightsIn recent times, the world has changed dramatically, resulting in new and a greater variety of emerging risks to businesses and consumers. This 2-day programme will outline the legal liability exposures that could arise from economic growth and productivity while examining whether current Liability Insurance underwriting and claims capabilities are adequate to handle them. It specifically covers the underwriting and claims aspects of key emerging liability risks.


Fee Per Participant

For WhomUnderwriters and Claims Practitioners in insurance and reinsurance companies, Insurance and Reinsurance Intermediaries, Loss Adjusters, Risk Surveyors and Risk Managers with more than 6 years of work experience in their respective capacities.

Key Emerging Liability Risks- Underwriting & Claims

LIABILITY


39

13 Aug 2019





Programme HighlightsThis 1-day programme is designed to help insurance brokers and other intermediaries to acquire a strong grounding in Professional Indemnity (PI) Insurance, and have a greater appreciation of the PI exposures which are unique to the insurance broking profession. It will examine the legal framework underpinning the duties and responsibilities of professionals such as insurance brokers, and address topics and issues relating to the underwriting of PI Insurance, including pricing, policy coverage, terms and conditions. Participants will acquire practical tips and techniques on mitigating their PI exposures through the various case studies and scenarios.Intermediate 9.00am to 5.00pm

Fee Per Participant

For Whom• Insurance Brokers and Agents who wish to have a greater

understanding of the PI risks and exposures they face arising out of their business and the consequences arising from their breach of professional duty.

• Insurance Brokers and Agents who wish to learn how to mitigate their PI exposures and implement the required risk management measures accordingly.

Professional IndemnityExposures For Insurance Brokers

LIABILITY


40





26 & 27 Jun 2019

Programme HighlightsThere has been much discussion recently on cyber risk exposures faced by enterprises and their related risk management solutions. Cyber Insurance is definitely one of the key solutions in addressing such risks. However, do we really understand Cyber Insurance as it is now?This programme covers the nature of cyber risks, trends and issues around the globe and examines the Cyber Insurance market in detail, including market trends, policy coverages, underwriting, claims, cyber-related vendor service, e.g. pre-loss and post-loss service reviews. It also examines the factors to be considered when looking for Cyber Insurance solutions.


Fee Per Participant

For Whom• Businesses and organisations who wish to have a better

understanding of the threats posed by Cyber risks and how to mitigate such risks.

• Insurance practitioners who wish to have a better understanding of Cyber Risks Insurance.

• Loss Adjusters and Claims Handlers dealing with first-party as well as third-party losses arising from Cyber-attacks and data breaches.

A PracticalUnderstanding Of Cyber

Insurance Risk Management

LIABILITY


41





Programme HighlightsThe demand for Liability Insurance has been growing steadily in the region, in tandem with economic development and restructuring, and as a result of growing awareness of consumer rights and corporate accountability. This 2-day workshop will equip participants with practical knowledge of General Liability Insurance policy coverage, including the various liability policy forms and their features. Participants will also learn about the legal foundation on which liability arises, as well as the various underwriting and claims practices adopted in the key markets.


Fee Per Participant

For Whom• Underwriters, Claims Practitioners in insurance and reinsurance

companies and Insurance and Reinsurance Brokers with 3 to 5 years of Comprehensive General Liability Insurance risks experience.

• Other practitioners who wish to gain knowledge in Commercial General Liability Insurance.

Underwriting & ClaimsAspects Of Commercial

General Liability Insurance

LIABILITY

15 & 16 Aug 2019


42





12 & 13 Sep 2019

Programme HighlightsThis 2-day programme addresses four of the most basic tenets underpinning legal liabilities i.e. civil liability, negligence, vicarious and strict liability. It covers the history of the development of such liabilities through case studies and analyses the trend in legal decisions arising from recent developments in Singapore, UK and other jurisdictions. Participants will learn how to apply the relevant legal principles in handling Liability Insurance from both underwriting and claims handling perspectives. Brokers will also be better equipped in advising their clients concerning the placement and design of their Liability Insurance programmes.


Fee Per Participant

For Whom• Underwriters and Insurance Brokers with a minimum of 3 years

of experience in handling Liability Insurance.• Loss Adjusters and/or Claims Handlers with a minimum of 3

years of experience in handling Liability Insurance claims.• Reinsurers and Reinsurance Brokers with similar experience in

handling liability and other casualty classes.

Liability Insurance Issues:Civil Liability, Negligence,

Vicarious And Strict Liability

LIABILITY

43





Programme HighlightsThis programme focuses on the underwriting aspects of as well as operative clauses, provisions, conditions, exceptions and extensions that are contained in the policy wordings of Commercial Crime Insurance and Cyber Insurance, so that participants can enhance their knowledge and understanding of such insurance products. This programme will also focus on the differences between both these insurance products. Techniques of developing such classes of business and achieving growth in market share of these products will be covered as well.


Fee Per Participant

For Whom• Insurance Brokers and Reinsurance Brokers with at least 3

years’ of experience in handling Crime Insurance and Cyber Insurance products.

• Insurance and Reinsurance Underwriters, Business Development and Marketing Executives with at least 3 years’ of experience in handling Crime Insurance and Cyber Insurance products.

• Loss Adjusters, Claims Handlers and Legal Advisers handling Crime and Cyber Insurance claims.

Specialist Liability Risks:A Focus On Commercial Crime Insurance & Cyber Insurance

LIABILITY

30 & 31 Jul 2019

NEW

44



Non-Member CompanyS$1,346.49S$717.29 (After 50% MCF* Grant)


11 & 12 Jun 2019

Programme HighlightsThis 2-day practical programme involves a detailed review of the Marine Cargo Insurance policy, including open covers coupled with an analysis of the commonly used standard Institute Cargo Clauses. Specialist trade clauses will also be examined during this course. The English Institute Clauses shall be the basis for the analysis and discussion during this programme. Participants will consider various additional clauses and wordings that underwriters can use and have a deeper understanding of their effect on coverage. The programme will focus on the practical issues in determining what is being insured and why certain clauses have been developed. Practical exercises will allow the participants to consider how they would apply certain principles of Marine Cargo Insurance in practice.


Fee Per Participant

For Whom• Insurance Practitioners, Underwriters, Brokers and Agents who

have been handling Marine Cargo Insurance for at least 3 years.

• Those who wish to have a better understanding of the basic concepts of Marine Cargo Insurance.

• Those who wish to have a thorough understanding of the coverage afforded under Marine Cargo Insurance policies.

• Also suitable for those handling Cargo Insurance claims or adjusting cargo losses.

Marine Cargo Policy Wordings:A Practical Perspective

MARINE


45Programme HighlightsThe handling and adjustment of Marine Cargo and Freight Insurance claims can be complex and challenging. This 1-day intensive programme will enable participants to apply the relevant advanced technical knowledge to handle Marine Cargo and Freight Insurance claims effectively. Participants will learn to apply the scope and coverage of Marine Cargo Insurance policies, and evaluate the various policy conditions, extensions and exclusions therein in the adjustment of such claims. They will also understand and be able to apply policy excess, salvage, general average and other insurance relevant clauses in claims settlements. Case studies will be shared to enhance participants’ understanding of this subject matter.Intermediate 9.00am to 5.00pm

Fee Per Participant


have been handling Marine Cargo and Freight Insurance for at least 3 years.

• Insurance Claims Handlers and Loss Adjusters who have been handling Marine Cargo and Freight Insurance for at least 3 years.

• Also suitable for Marine Legal Advisers handling Cargo and Freight Insurance claims.

Marine Cargo & FreightInsurance Claims

MARINE

3 Oct 2019


NEW


Member CompanyS$406.07S$216.32 (After 50% MCF* Grant)

Non-Member CompanyS$446.67S$237.45 (After 50% MCF* Grant)


46






Programme HighlightsShips and vessels present significant risks and learning how to assess and insure the physical damage, business interruption (Loss of Hire) and third-party liability aspects of such risks is vital for Marine Hull Insurance practitioners.This 1-day programme covers the above aspects in addition to the essential coverage afforded by Marine Hull Insurance covers. It shall examine how Hull Insurance and Protection & Indemnity (P&I) fit together to provide seamless coverage. It will also address the types of claims that might occur and how they should be handled to provide an expeditious settlement.


Fee Per Participant

For Whom• Marine Underwriters from insurance and reinsurance

companies with 3 to 5 years of industry work experience. • Insurance and Reinsurance Brokers with 3 to 5 years’

experience in handling Marine Hull Insurance.• Marine Hull Claims Practitioners and Loss Adjusters with 3 to 5

years’ experience in handling Marine Hull Insurance claims.• Practitioners from the shipping and maritime-related industries

who wish to reinforce their understanding of Marine Hull Insurance.

Marine Hull: Understanding Vessels And Insuring Them

MARINE


47



Non-Member CompanyS$1,346.49S$717.29 (After 50% MCF* Grant)


Programme HighlightsThis programme focuses on the types of liability and how they may be incurred, whether under “fault based” or “strict” regimes. It specifically covers the potential liabilities that entities in the commercial maritime industry may incur and the insurance products designed to protect them. Legal defence covers shall be examined in tandem with the accompanying cover for liabilities incurred if such defence fails. Coverage provided by the Mutual P&I Association shall also be addressed in this programme.


Fee Per Participant

For Whom• Marine and Energy Liability Underwriters, Claims Handlers,

Executives, Marketing Executives, P&I practitioners.• Marine Insurance Agents, Marine and Energy Insurance

Brokers, Marine Reinsurers and Reinsurance Brokers.• Shipping Agents, Maritime Lawyers, Marine Vessel Charterers

and Operators and other practitioners in the Maritime industry.

A Focus On MarineLiabilities Insurance

MARINE

29 & 30 Apr 2019


NEW

48


11 Oct 2019





Programme HighlightsThis 1-day programme focuses on the many risks and “headwinds” that the Marine Insurance market is currently facing. Issues covered include maritime piracy updates, developments of Marine Insurance law on “proximate cause” following recent legal cases, new international rules (such as the new 2016 York Antwerp Rules) and convention changes (such as the impending reduction of the cap on Sulphur emissions) affecting insurance. Maritime cyber risks shall also be examined including common cyber exclusions and the development of new cyber products to address such risks.


Fee Per Participant

For Whom• Marine and Energy Underwriters, Underwriting Assistants,

Claims Managers and Assistants, Executives, Business Development and Marketing Executives.

• P&I Association Underwriters, Assistants and P&I Claims staff. • Marine Insurance Agents, Marine and Energy Insurance

Brokers and Customer Service Officers.• Shipping Agents, Maritime Lawyers, Marine Surveyors, Loss

Adjusters, Marine Vessel Charterers and Operators.• Marine Reinsurers and Reinsurance Brokers.

Emerging Marine InsuranceIssues: Including Cyber

Risks & Products Updates

MARINE

NEW

49Programme HighlightsIn this 2-day programme, participants will have a good understanding of dry & liquid bulk; its characteristics, its peculiar behaviours and the rigours they go through when being shipped from origin to destination. The programme will equip participants with the required knowledge in order to better underwrite such goods. The presentations will also engage participants in claims aspects and risk management.Participants will have an opportunity to see this class of business through an underwriter’s and a marine loss control engineer’s eyes. This is particularly valuable as such engineers have the necessary seafaring experience and are familiar with the processes involved in the shipment of such cargoes, which puts them in good stead to perform underwriting and risk management in this area.


Fee Per Participant

For Whom• Underwriters and Claims Practitioners in insurance and

reinsurance companies; as well as Insurance and Reinsurance Brokers, with more than 2 years of work experience in Cargo Insurance.

• Loss Adjusters and Risk Surveyors dealing with such risks.• Other practitioners from the shipping, commodity trading

business wishing to better understand or reinforce their knowledge in Cargo Insurance.

Marine Cargo Insurance: Underwriting, Claims & Risk

Management In Dry & Liquid Bulk

MARINE

5 & 6 Aug 2019


Member Company$812.13$432.63 (After 50% MCF* Grant)

Non-Member Company$893.34$475.89 (After 50% MCF* Grant)



50

1 & 2 Aug 2019

Programme HighlightsThis programme provides participants with a detailed insight of Freight & Transport Liabilities commonly encountered by entities in the Freight Forwarding and Marine Transport industry. The changing roles of and liabilities imposed on freight forwarders, bailees and carriers shall be examined in tandem with the scope of cover and exclusions under the relevant insurance policies available to address such risk exposures. Participants will learn the methods of managing these risks as well as the underwriting process in assessing such liabilities from an insurance perspective. Case studies will be shared to enhance participants’ understanding of these areas.


Fee Per Participant


have been handling Freight and Transport Liability Insurance for at least 3 years.

• Freight and Transport Liability Practitioners managing risks and handing the relevant insurance covers for at least 3 years.

• Risk Management Professionals handling Freight and Transport Liability risks for at least 3 years.

Freight & Transport Liabilities- Managing Risks

& Liabilities On The Move

MARINE

NEW






51


Member CompanyS$1,224.08

Non-Member CompanyS$1,346.49


Programme HighlightsMarine insurance practitioners need to have a solid grounding in the coverage, terms and conditions as found in the wording of various Marine Hull insurance policies and clauses when underwriting such insurance or handling hull insurance claims. This programme covers these issues and the underwriting factors that an insurer will take into account when considering any particular hull risk proposal. It addresses the various ways in which a hull insurance policy can be structured and the importance of best policy drafting practices to prevent problems occurring in the future. Besides the UK wording, the Nordic, American and German forms of hull insurance policy wording shall also be examined.Intermediate 9.00am to 5.00pm

Fee Per Participant

For WhomThis programme is designed for those industry practitioners who have at least 2 years working experience in marine hull insurance and those who wish to gain a deeper knowledge of marine hull policy wording, clauses, extensions and terms in underwriting such insurance or handling hull insurance claims.It is also ideal for those who wish to know the various ways in which a hull insurance policy can be structured and the importance of best policy drafting practices.Suitable for underwriters, brokers, reinsurers and claims handling personnel.

Marine Hull Policy Wordings:A Practical Perspective

MARINE

29 & 30 Aug 2019

52

9 & 10 Sep 2019

Programme HighlightsThis 2- day programme seeks to give participants a better understanding of the various aspects of marine insurance claims dispute and resolution. The role of alternative dispute resolution, application of arbitration law , the role of arbitration bodies in the UK and the Singapore marine insurance market shall be examined in tandem with the various types of arbitrations and respective procedures. It also covers litigation procedures as applicable to marine insurance and the role of jurisdiction clauses in marine insurance contracts. The nature of forum shopping and its impact on marine insurance claims disputes shall also be addressed. Case studies will be shared to enhance participants’ understanding in these areas.


Fee Per Participant

For Whom• Insurance practitioners, underwriters, brokers and agents who

have beenhandling marine insurance for at least 3 years.• Insurance claims handlers and loss adjusters who have been

handling marine insurance for at least 3 years.• Also suitable for marine legal advisors handling marine

insurance claims.

Marine Insurance Claims Dispute

MARINE






53

1 & 2 Jul 2019

Programme HighlightsThis 2-day programme covers the underwriting of Project Cargo Insurance (including DSU/ALOP). Inception-feasibility studies including but not limited to site/locations and feasibility of transporting complex prototype heavy equipment - to its final positioning and testing will be dealt with exhaustively during this programme. Detailed information will be shared relating to the full aspects of understanding and formulating a cargo programme for cargo material damage in Section 1 and DSU/ALOP in Section 2 of the policy. The underwriting, risk management (monitoring of the critical items) and claims aspects will be deliberated.Intermediate 9.00am to 5.00pm

Fee Per Participant

For Whom• Underwriters and Claims Practitioners in Insurance and

Reinsurance companies; as well as Insurance and Reinsurance Brokers with 18 months to 3 years of experience in Marine Insurance.

• Project Owners responsible for insurance placements and Practitioners interested in gaining an understanding of how Project Cargo Insurance is underwritten.

Underwriting ProjectCargo Insurance

MARINE







54Programme HighlightsThis 2-day programme is designed for participants who wish to gain an understanding of how Business Interruption (BI) Insurance is handled from an underwriting and claims perspective. Participants will learn how to calculate “Reduction in Turnover”, “Rate of Gross Profit”, “Loss of Gross Profit”, “Increase in Cost of Working” and “Savings”. They will also gain an understanding of what needs to be considered when performing a loss calculation and be able to distinguish between “Addition” and “Difference” methods of BI Gross Profit determination. The basic underwriting considerations needed in BI Insurance will also be examined.


Fee Per Participant

For Whom• Underwriters, Brokers and Claims Practitioners in the insurance

and reinsurance industry with 3 to 5 years of work experience in dealing with Property and Business Interruption Insurance.

• Business Owners, Risk Managers and other potential buyers of Business Interruption Insurance.

• Those who wish to gain greater knowledge on how Business Interruption coverage applies, how a loss is calculated, and the complexities that can be involved in such loss settlements.

The Nuts & Bolts Of Property Business Interruption Insurance

PROPERTY

29 & 30 Apr 2019


Member Company$812.13$432.63 (After 50% FTS* Funding)$129.03 (After 90% FTS** Funding)

Non-Member Company$893.34$475.89 (After 50% FTS* Funding)$141.93 (After 90% FTS** Funding)



55

1st Intake: 8 & 9 Apr 20192nd Intake: 15 & 16 Jul 20193rd Intake: 21 & 22 Oct 2019 Singapore-based Participant

Member Company$1,279.72$681.72 (After 50% FTS* Funding)$203.32 (After 90% FTS** Funding)

Non-Member Company$1,407.69$749.89 (After 50% FTS* Funding)$223.65 (After 90% FTS** Funding)

Overseas Participant$1,315.60

Programme HighlightsReinsurance may be a relatively simple concept to grasp. However, at the operational level, some of its practices and technicalities can be quite complex and difficult to comprehend. This is at least to the uninitiated, or those still new to reinsurance. Through lectures, case studies and discussions conducted during this 2-day programme, participants will be equipped with detailed technical and practical knowledge of how the different types of Proportional Reinsurance Treaties can be structured and used in the reinsurance market and most importantly, the thought processes behind such practices.


Fee Per Participant

For WhomReinsurance or General Insurance Practitioners with 3 to 5 years of experience wishing to gain a better understanding of how Proportional Treaties are being used in reinsurance.

The “Nuts & Bolts”Of Treaty Reinsurance:

Proportional Treaty Reinsurance

REINSURANCE


56Programme HighlightsAlthough many insurers in Asia still place their core reinsurance on a Proportional basis, there is a continuing global trend towards the use of Non-Proportional Reinsurance, whether on a Facultative or Treaty basis. Through practical exercises and lectures during this 3-day programme, participants will acquire detailed technical and practical knowledge of how the different forms of Non-Proportional Reinsurance can be structured and used in the reinsurance market, and most importantly, the thought processes behind such practices.


Fee Per Participant

For WhomReinsurance or General Insurance Practitioners with 3 to 5 years of experience wishing to gain a better understanding of how Non-Proportional Treaties are being used in reinsurance.

The “Nuts & Bolts” Of Treaty Reinsurance: Non-Proportional

Treaty Reinsurance

REINSURANCE

1st Intake: 10, 11 & 12 Apr 20192nd Intake: 17, 18 & 19 Jul 20193rd Intake: 23, 24 & 25 Oct 2019



Non-Member Company$2,057.40$1,096.00 (After 50% FTS* Funding)$326.88 (After 90% FTS** Funding)



57

1st Intake: 15 & 16 Apr 20192nd Intake: 22 & 23 Jul 2019





Programme HighlightsReinsurance documentation used nowadays is in many cases substantially more complex than that used even 5 years ago. Through the use of case studies, lectures and practical exercises, this 2-day programme aims to equip participants with the confidence and ability to comprehend, prepare and/or check reinsurance documentation with a more questioning and professional approach.Although there will be some discussions on Facultative wordings, e.g. with regard to Contract Certainty and to highlight differences vis-à-vis Treaty wordings, this programme will deal mostly with Treaty wordings. Nevertheless, this will be an excellent programme to cement the participants’ overall knowledge of reinsurance.


Fee Per Participant

For Whom• Reinsurance Practitioners with 3 to 5 years of work experience.• Reinsurance Executives in insurance companies wishing to

gain a better understanding of the meaning and application of the various types of Treaty wordings and clauses.

Reinsurance ContractTreaty Wordings

REINSURANCE


58Programme HighlightsReinsurance may be a relatively simple concept to grasp. However, at the operational level, some of its practices, especially on technical accounts, can be quite complex and difficult to comprehend. This is at least to the uninitiated, or those still new to reinsurance. Through lectures, exercises and discussions during this 3-day programme, participants will acquire detailed technical and practical knowledge of how the technical accounts for Proportional and Non-Proportional Reinsurance Treaties and Facultative are prepared and processed.


Fee Per Participant

For Whom• Reinsurance Practitioners with 3 to 5 years of work experience.• Other practitioners who wish to gain a better understanding

of the technical fundamentals involved in the preparation of reinsurance accounts.

Technical Reinsurance Accounts

REINSURANCE

24, 25 & 26 Jul 2019






59

29, 30 & 31 Jul 2019





Programme HighlightsThis 3-day programme primarily aims to provide an opportunity for those involved in reinsurance to learn, confirm, clarify and expand their reinsurance knowledge. It works extremely well as a follow-up to our very successful The “Nuts & Bolts” Of Treaty Reinsurance: Proportional & Non-Proportional Reinsurance series of programmes. Considerations of structure and pricing will be an integral part of the programme. In addition, participants will learn about how the main classes of insurance may differ when it comes to reinsurance, e.g. Life and Marine.


Fee Per Participant

For Whom• Reinsurance Practitioners with 4 to 6 years of work experience,

and especially those who have previously attended The “Nuts & Bolts” of Treaty Reinsurance programmes.

• Other practitioners who wish to gain a more in-depth understanding of the various reinsurance concepts and issues.

Reinsurance PLUS

REINSURANCE


60Programme HighlightsIn the past, a “deal now, details later culture” was prevalent in the international insurance and reinsurance markets. This resulted in costly litigation, financial and reputational risk for insurance buyers, intermediaries and insurers.This intensive 1-day workshop covers the fundamentals of contract certainty as applicable to reinsurance contracts. Clarity for both insurer and reinsurer on the terms and conditions of the reinsurance policy prior to inception/renewal will be addressed. They will examine and assess the contract certainty of sample reinsurance contracts through actual case studies culminating in hands-on contract vetting exercises.Intermediate 9.00am to 5.00pm

Fee Per Participant

For Whom• General & Life Insurance Practitioners who have a minimum of

3 years’ experience in handling reinsurance placements.• General & Life Reinsurance Practitioners who have a minimum

of 3 years’ experience in handling Treaty and/or Facultative reinsurance.

• Insurance & Reinsurance Brokers who have a minimum of 3 years’ experience in transacting Treaty and/or Facultative reinsurance.

Reinsurance ContractCertainty Workshop

REINSURANCE

1st Intake: 20 Mar 20192nd Intake: 27 Jun 20193rd Intake: 25 Sep 2019






61





3 May 2019

Programme HighlightsEfficient and proactive claims management is increasingly being recognised as a crucial component of the value provided by reinsurers to the industry. Good claims service needs to be part of a reinsurer’s strategic corporate objectives and it is necessary for reinsurance practitioners to keep up with new developments in this area. This 1-day programme focuses on the key current issues and emerging trends in dealing with problematic reinsurance claims. Participants will learn about the best practices that should be adopted by reinsurance professionals to deliver effective and service driven claims management.Intermediate 9.00am to 5.00pm

Fee Per Participant

For Whom• Claims Personnel in insurance companies who wish to gain an

insight into reinsurance claims.• Claims Managers and Executives in reinsurance companies.• Reinsurance Brokers.• In-house Lawyers assisting with claims.• Run-off Managers.• Loss Adjusters and Risk Surveyors.

Managing Reinsurance Claims

REINSURANCE


62Programme HighlightsThis is a highly-interactive programme that focuses on Property and Liability Reinsurance programme design with in-depth coverage of pricing and the key issues associated with such classes of reinsurance. It also covers Alternative Risk Transfer (ART) which is increasingly used in the market as a substitute for traditional forms of reinsurance and provides an insight into the future of reinsurance.


Fee Per Participant

For Whom• Reinsurers who have at least 5 years’ experience in

underwriting and pricing Property and/or Liability Reinsurance programmes either on a Facultative or Treaty basis.

• Reinsurance Brokers who have similar experience in placing or designing such reinsurance programmes on a local or international basis.

Reinsurance Programme Designing & Buying

REINSURANCE

24 & 25 Oct 2019





63





11 June 2019

Programme HighlightsCyber threats and online data breaches continue to plague organisations who face the ever-daunting challenges of information security and data protection risks. While IT specialists understand such risks, management, executives and non-technical personnel struggle to gain a comprehensive insight into these areas which have great impact on their organisations’ security and operations. This programme enables non-technical management and executives to gain a deeper insight into Cyber risks from a strategic and holistic perspective.


Fee Per Participant

For Whom• Information Security Specialists and Managers. • Senior Management, Executives and Operational Officers. • Enterprise Risk Managers. • Legal and Compliance Personnel. • Data Protection Officers. • Underwriting, Marketing and Claims Personnel

Cyber Risk: A StrategicAnd Holistic Perspective


NEW


64Programme HighlightsThrough lectures and discussions, participants will acquire an in-depth understanding of the Risk-Based Capital (RBC) regulatory framework for Singapore insurers, its scope and objectives, as well as the various constituent components making up the statutory capital requirements. Participants will also learn to apply the knowledge to the preparation, checking, compilation and consolidation of the MAS statutory returns.


Fee Per Participant

For Whom• Accountants, Accounting or Finance Managers and

Executives, Internal Audit and Compliance Managers and Executives.

• Actuaries and Actuarial Assistants involved in the valuation of insurance assets and liabilities.

• Senior Operations Managers and Executives interested in keeping abreast of recent changes under the RBC2 framework for insurance companies.

RBC Framework For Singapore Insurers (Life & Non-Life)

RISK MANAGEMENT& COMPLIANCE





1st Intake: 17 & 18 Oct 20192nd Intake: 12 & 13 Dec 2019


65





11 & 12 Jul 2019

Programme HighlightsThis two-day programme addresses the insurance schemes and risk management tools used in protecting the agriculture sector on a global basis. Detailed methodologies used in assessing agriculture risks will be examined. It will cover Agri Reinsurance as a complement to Agri Insurance, with a focus on the challenges in pricing the specificities of agriculture risks. A presentation on crop modelling will be incorporated. Participants’ understanding and application of these concepts will be enhanced via a visit to a farm or agricultural producer in Singapore.


Fee Per Participant

For Whom• Underwriters and Insurance Brokers with at least 3 years’

experience in handling Agriculture Insurance.• Risk Professionals, Reinsurers and Reinsurance Brokers with

similar experience.• Loss Adjusters and Claims Handlers specialising in Agriculture

Insurance losses.

Agriculture Risks: Production, Insurance And Reinsurance

SPECIALIST

NEW


66Programme HighlightsThis 1-day programme will equip participants with an understanding of the Jewellers’ Block Insurance market and the terminologies associated with it. By understanding the policy terms, provisions and conditions, participants will gain an insight into the associated risk exposures, and understand how Jewellers’ Block risks are assessed, how control measures are put in place and how claims are settled.


Fee Per Participant

For WhomUnderwriters and Claims Practitioners in insurance and reinsurance companies, as well as Insurance and Reinsurance Brokers with 3 to 5 years of experience in dealing with Jewellers’ Block Insurance.

Jewellers’ Block Insurance

SPECIALIST

5 Aug 2019





67





25 Jul 2019

Programme HighlightsDigital technologies continue to have a greater impact on the economy and society than electricity had on the Industrial Revolution. Across all industries, traditional processes and business models are being disrupted by new consumer habits and the rapid adoption of new technologies. This continuous transformation requires leaders who dynamically craft their strategy and extract business value (from) for their customers, through intelligent learning mechanisms. To generate maximum value for their customers and organization, leaders will need to strategically (build) design and deliver a robust digital (enterprise by executing a robust) transformation plan (that accounts for execution challenges).This Driving Digital Transformation (DDT) programme equips leaders with the essentials of innovation and business transformation strategy to formulate and deliver a strategic response to digital threats and opportunities.


Fee Per Participant

For WhomSenior management and executives responsible for de ning digital strategy and/or managing digital initiatives and seeking to learn and apply current digital skills, concepts and models.

Driving Digital Transformation: Winning With New Business

Models And Digital Technologies

SPECIALIST

NEW

68NEW

Programme HighlightsDo you feel overwhelmed by the Digital Age trends, techniques and technologies? Well, you are not alone. Senior managers and leaders realise the continuous need to re-equip themselves with the necessary digital leadership skills. “What got you here, won’t get you there”, as Marshall Goldsmith presciently warns us with his bestselling book. We need to learn how to learn and lead adaptively to survive and thrive in this break-neck speed of change brought about by digital disruption. This Leadership for the Digital Age (LDA) programme enables you to future-proof your personal leadership skills by taking stock of how the classical leadership model has evolved and identifying the new skills you need to acquire to be an effective digital leader in an age of continuous change and fundamental disruption.


Fee Per Participant

For WhomAll senior management and executives responsible for managing transformative digital initiatives who need to learn the soft skills to effectively lead projects and teams in the new Digital Age.

Leadership For The Digital Age: Leading Yourself

And Your OrganizationThrough Digital Change

SPECIALIST

24 Jul 2019





69





5 & 6 Sep 2019

Programme HighlightsThe accelerating growth of technology advancement is creating a double-edge sword for industries and businesses across the globe including the insurance industry. Organisations who re-invent themselves by harnessing new technologies to transform their operations internally and customer services are reaping the rewards in remaining competitive and relevant. For others who have yet to embrace the power of technology advancement for their businesses, understanding the value add brought about by such technologies and knowing how to start this transformative journey should enable them to make an informed choice.


Fee Per Participant

For Whom• High potential insurance professionals with three to five years

of insurance industry experience, and preferably in a team management role; and

• Proficient in English Language.

Embracing New TechnologiesWith The Right Operating

Models/Strategies

SPECIALIST

NEW

70NEW

Programme HighlightsBig Data and the Digital Revolution have led to a titanic shift in the landscape of decision making and marketing communication, while also creating new opportunities for businesses in consumer engagement.This module comprises two components.The first is an introduction to the ideas behind turning data into actionable knowledge. Many datasets can provide solutions to important problems and enable decisions about marketing and business. However, the size, complexity, quality and diversity of these datasets make them difficult to process and analyse. This module introduces Big Data and explores its power i.e. the process of transforming data to decision. Candidates will be introduced to the main tools and ideas deployed by data scientists, and the data, questions, and tools used by data analysts and data scientists.In the second component, candidates will learn about the impact of digital technologies on marketing communication strategies and practices. The proliferation of digital technologies gives businesses a diverse new set of tools to reach, engage, monitor, and respond to consumers in an unprecedented manner. Additionally, aggregated digital data can also be leveraged to better target specific consumer segments. Candidates will understand the role and application of digital channels in insurance marketing.


Fee Per Participant




Data Driven Decision MakingAnd Future Communication

SPECIALIST

19 Sep 2019





71





23 & 24 Sep 2019

Programme HighlightsFinancial service organisations are increasingly transforming their business models and strategies leveraging on new and emerging technologies to quicken their time to market, to stay competitive and to remain relevant in the customer-centric landscape. As part of a highly regulated industry, insurance organisations have to ensure that new technologies added to their ecosystem are compliant from a regulatory perspective. Thus, it is important to understand the compliance risks applicable and the methodologies cum controls that have to be in place to address such concerns.


Fee Per Participant




Managing Risks And SecurityWith A Governance Mindset

SPECIALIST

NEW

72NEW

Programme HighlightsThe module allows candidates to apply a cross-disciplinary approach while considering both business model and business solution formulation. It prepares them for the complex business environment of today by emphasizing the application of the business model canvas to solving real world problems. The module develops in them an ability to identify problems and develop solutions by analytic reviews and idea generations. To achieve this, candidates are encouraged to identify a current problem in their company that they would like to solve and to develop an innovative solution by the end of this module.


Fee Per Participant




Business Model Canvas For Insurance Innovation

SPECIALIST

8, 9 & 10 Oct 2019





73





30 & 31 Oct 2019

Programme HighlightsBeing innovative is much needed in business today. Global or local insurance company managers are expected to be more innovative and be resourceful while faced with budget constraints. Entrepreneurial, design and agile thinking are therefore vital skillsets needed i.e. they provide the tools that managers need to become innovative thinkers to uncover creative opportunities that may not be so apparent yet.This module provides an overview of entrepreneurial skills, design and agile thinking, working models and several tools to enable candidates to apply them in solving problems.Candidates will develop an ability to identify problems and develop human-centered solutions. They will be asked to identify a current problem in their company that they would like to solve and to develop an innovative solution by the end of the module.


Fee Per Participant




Entrepreneurial, DesignAnd Agile Thinking

SPECIALIST

NEW

Registration PolicyRegistrations should be made online at https://www.scicollege.org.sg. Before registering, participants should refer to the “For Whom” section of the respective Programmes, to ensure that they meet the recommended experience and programme prerequisites. A good command of English language is essential. SCI reserves the right to reject any participant who does not meet the recommended experience and programme prerequisites.SCI will only confirm the programme and will send a Programme Confirmation E-mail to participants (at the e-mail address as provided in the Registration Form) once the minimum enrolment for the programme has been met or one month before the programme commencement date, whichever is earlier, and provided that the full payment has been received. If the programme is cancelled or postponed, SCI will notify participants by email one month before the programme commencement date.SCI reserves the right to make changes to the programme details owing to unforeseen circumstances.

ADMINISTRATIVE INFORMATION FOR TECHNICAL TRAINING PROGRAMMES

Accommodation for Overseas ParticipantsOverseas participants are required to book the accommodation using the hotel booking form and make the accommodation payment directly to the hotel.Overseas participants should book their accommodation and air tickets ONLY after they have received the Programme Confirmation E-mail from SCI.

Attendance PolicyParticipants must attain a minimum 75% attendance for the programme to be awarded with the Certificate of Attendance (COA).

CPD HoursCPD hours awarded by SCI are recognised by GIA for fulfilling the CPD requirements set out under the GIA’s Guidelines on Continuing Professional Development.

Financial Training Scheme (FTS)This programme is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met. Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants’ business activities or job roles. The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps. FTS claims may only be made for recognised programmes with specified validity period. Please refer to www.ibf.org.sg for more information.

Maritime Cluster Fund (MCF)MCF-Manpower is available for the development of manpower, training initiatives and capabilities within the maritime industry. Accessible to companies and company supported individuals within the maritime sector, the fund focuses on developing and enhancing the pertinent skills of employees.

Withdrawal / Postponement PolicyPlease refer to the SCI website at:https://www.scicollege.org.sg for the respective programmes.

SkillsFuture CreditFor a list of SCI’s SkillsFuture Credit programmes, please refer to the SCI website.

Certification Series

Programme HighlightsOffered on a self-study basis, the Diploma in General Insurance and Risk Management (DGIRM) programme is developed and awarded by Singapore College of Insurance (SCI). It is a technical and supervisory qualification for insurance staff working across all sectors of the general insurance/reinsurance industry, and the logical progression after obtaining the Cert SCI (General Insurance) and Cert SCI (Reinsurance) certification designations.In addition to being a valuable qualification in its own right, the Programme can also be a milestone towards the attainment of the Advanced Diploma in General Insurance and Risk Management (ADGIRM), also developed and awarded by SCI.

Diploma In General InsuranceAnd Risk Management (DGIRM) - Self-Study

Examination Fees (Inclusive Of 7% GST) (Subject To Change On A Yearly Basis)

For WhomThis designation programme is suitable for Supervisors, Team Leaders and those aspiring to achieve managerial positions; and those wanting to pursue a pathway towards achieving the ADGIRM and ACII qualifications.

Programme Modules - Diploma Level (DGI01 – DGI04)

Fee Per Module First Attempt (With Study Text) Each Subsequent Attempt (Without Study Text)

Member Company S$331.70 S$224.70

Non-Member Company S$428.00 S$288.90

Note: A one-time non-refundable registration fee of S$32.10 (inclusive of 7% GST) is payable.

74

• DGI01 Legal Aspects Of Insurance• DGI02 Insurance Company Operations

• DGI03 Commercial Property And Business Interruption Underwriting• DGI04 Liability Insurance Underwriting

2019 Examination Schedule for DGIRM Modules

DGIRM Modules Examination Dates Examination Time (3 hours)

First Series(April 2019)

Second Series(July 2019)

Third Series(October 2019)

DGI01 Legal Aspects Of Insurance 1 April 2019 1 July 2019 1 October 2019 9.00 am to 12.00 noon

DGI02 Insurance Company Operations 2 April 2019 2 July 2019 2 October 2019 9.00 am to 12.00 noon

DGI03 Commercial Property And Business Interruption Underwriting

3 April 2019 3 July 2019 3 October 2019 9.00 am to 12.00 noon

DGI04 Liability Insurance Underwriting 4 April 2019 4 July 2019 4 October 2019 9.00 am to 12.00 noon

Qualification Awarded Upon Successful CompletionUpon successful completion of the examination modules within the specified time frame, candidates will be eligible to use the certification designation: Dip SCI (GI & RM).Note: The holder of the designation must fulfil a Continuing Professional Development (CPD) requirement of 30 hours every two (2) years after the year of attaining the respective designation.For other programme details including minimum entry requirements, completion requirements, examination format and structure, signing of advisory note and student contract, recognition of prior learning credits, etc., please refer to the SCI website at: https://www.scicollege.org.sg

75

Education Progression Pathways For Diploma in General Insurance and Risk Management Holders

01 Advanced Diploma in General Insurance and Risk ManagementAfter obtaining the Dip SCI (GI & RM) designation, candidates can proceed to take the following three modules within the specified time frame to obtain their Adv SCI (GI & RM) designation:• ADGI05 Claims Management• ADGI06 Risk Management*

• ADGI07 Business And Economics

For Dip SCI (GI & RM) holders who wish to also obtain specialised certification qualifications in insurance claims and /or insurance data analytics, they may progress to the following certification programmes:• Advanced Diploma Of The Chartered Institute Of Loss Adjusters• Associate In Insurance Data Analytics (AIDATM)

* Module title is subject to change for October 2019 series.

7602 Advanced Diploma Of The Chartered Institute Of Loss AdjustersThe Advanced Diploma of the Chartered Institute of Loss Adjusters (CILA Advanced Diploma) is recognised as a high level claims qualification which provides candidates with the opportunity to specialise in the adjustment of a specific type of claim, from a choice of: Property (Domestic), Property (Commercial), Liability, Business Interruption or Aviation. The Advanced Diploma is perfect for those who wish to demonstrate the knowledge to handle more complex claims as part of their career progression.Dip SCI (GI & RM) holders may obtain the Advanced Diploma of the Chartered Institute of Loss Adjusters by successfully completing two more CILA Advanced Diploma examinations as follows:

Exemption fees are payable to CILA.Candidates may apply directly to CILA to take the CILA Advanced Diploma examinations. For more information on CILA Advanced Diploma, please refer to the CILA website at: https://www.cila.co.uk/cila/getting-qualified/advanced-diploma

• AD1 Application of the Principles of Insurance; and AD2 Adjustment of Claims.

Dip SCI (GI & RM) holders are exempted from:• DP1 The Principles of Insurance 1; and DP2 The Principles of Insurance 2.

03 Associate in Insurance Data Analytics (AIDA™)Accelerate your career by gaining knowledge of predictive modelling and big data for risk and insurance applications through the Associate in Insurance Data Analytics (AIDA) programme offered by The Institutes, USA. Through this programme, candidates will improve their understanding of advanced terminology and concepts to facilitate collaboration with data scientists in developing advanced analytical solutions.Dip SCI (GI & RM) holders may obtain the Associate in Insurance Data Analytics by successfully completing two more AIDA examinations as follows:

For more information on AIDA, please refer to The Institutes’ website at:https://www.theinstitutes.org/program/associate-insurance-data-analytics-aida

• AIDA 181 Big Data Analytics for Risk and Insurance; and AIDA 182 Risk and Insurance Analysis Techniques

Dip SCI (GI & RM) holders are exempted from one elective course, viz. CPCU 520 Insurance Operations. Exemption fees are payable to The Institutes.In addition, to satisfy the Ethics requirement, candidates must pass the following 50-question online examination:• Ethics 311 Ethical Guidelines for Insurance Professionals

Funding Support

Union Training Assistance Programme (UTAP)UTAP (Union Training Assistance Programme) is an individual skills upgrading account specially for NTUC members to help defray the costs of training and skills upgrading. As a member, he enjoys UTAP funding at 50% of the unfunded course fee capped at S$250 every year, when he signs up for courses supported under UTAP. Terms & Conditions apply.

For more information, please refer to the UTAP Website at: http://skillsupgrade.ntuc.org.sg/.

77Advanced Diploma In General InsuranceAnd Risk Management (ADGIRM) - Self-Study

Programme HighlightsOffered on a self-study basis, the Advanced Diploma in General Insurance and Risk Management (ADGIRM) programme is developed and awarded by Singapore College of Insurance (SCI) as a professional qualification for insurance industry practitioners. It provides candidates with advanced insights into general insurance, especially from a claim, risks management, business and economics perspective. It is also suitable for those who wish to augment their existing general academic qualifications by obtaining an industry-specific advanced diploma qualification.

For Whom• Supervisors, Team Leaders and those aspiring to achieve managerial

positions.• Insurance staff employed in support functions wishing to develop

their knowledge of the business; and• Those wanting to pursue a pathway towards achieving the ACII

qualification.

Examination Fees (inclusive of 7% GST) (Subject To Change On A Yearly Basis)

Programme Modules - Advanced Diploma Level (ADGI05 – ADGI07)





• ADGI05 Claims Management• ADGI06 Risk Management *

• ADGI07 Business And Economics


782019 Examination Schedule for ADGIRM Modules

ADGIRM Modules Examination Dates Examination Time (3 hours)

First Series(April 2019)

Second Series(July 2019)

Third Series(October 2019)

ADGI05 Claims Management 1 April 2019 1 July 2019 1 October 2019 2.00 pm to 5.00 pm

ADGI06 Risk Management * 2 April 2019 2 July 2019 2 October 2019 2.00 pm to 5.00 pm

ADGI07 Business And Economics 3 April 2019 3 July 2019 3 October 2019 2.00 pm to 5.00 pm

Qualification Awarded Upon Successful CompletionUpon successful completion of the examination modules within the specified time frame, candidates will be eligible to use the certification designation: Adv Dip SCI (GI & RM).Note: DGIRM is part of the ADGIRM. The Advanced Diploma certificate parchment will be issued ONLY upon successful completion of the Diploma and Advanced Diploma levels modules (DGI01 to DGI04 and ADGI05 to ADGI07).The holder of the designation must fulfil a Continuing Professional Development (CPD) requirement of 30 hours every two (2) years after the year of attaining the respective designation.For other programme details including minimum entry requirements, completion requirements, examination format and structure, signing of advisory note and student contract, recognition of prior learning credits, etc., please refer to the SCI website at: https://www.scicollege.org.sgAdv Dip SCI (GI & RM) holders may progress to obtain the ACII by completing a few more ACII modules, subject to other ACII completion requirements being met.


Funding Support

Details refer to Funding Support on page 61.

79Diploma In Life Insurance (DLI) – Self-Study

Programme HighlightsOffered on a self-study basis, the Diploma in Life Insurance is developed and awarded by Singapore College of Insurance (SCI) as a professional qualification for Singapore based insurance industry practitioners. It is a technical and supervisory qualification for life insurance staff and is a logical progression after obtaining the Cert SCI (Life Insurance) and Cert SCI (Health Insurance) designations.This programme provides a good understanding of the various individual life, annuity and disability insurance products, including design, pricing, underwriting, claims, investments and other managerial operations of a life insurance company. In addition, this programme presents an overview of risk management relating to insurance and retirement planning. It also provides an in-depth treatment of the legal aspects of life insurance, life insurance company operations, as well as the process and environment relating to financial planning.This programme can be a milestone towards the attainment of the Chartered Life Underwriter®/Singapore (CLU®/S) Programme, which is awarded by SCI under licence from The American College.

For Whom• Supervisors, Team Leaders, Senior Executives and those with long- term ambitions of assuming managerial positions;• Insurance staff members employed in support functions wishing to develop their knowledge of the business; and• Those wanting to be provided with a pathway towards achieving the CLU®/S qualification.

Programme Modules• DLI01 Individual Life Insurance• DLI02 Risk Management, Insurance and Retirement Planning• DLI03 Life Insurance Law

• DLI04 Life Insurance Company Operations• DLI05 Financial Planning: Process and Environment

80Examination Fees (Inclusive Of 7% GST) (Subject To Change On A Yearly Basis)





2019 Examination Schedule

Qualification Awarded Upon Successful CompletionUpon successful completion of the examination modules (Modules DLI01 to DLI05) within the specified time frame, candidates will be eligible to use the certification designation: Dip SCI (LI).Note: The holder of the designation must fulfil a Continuing Professional Development (CPD) requirement of 30 hours every two (2) years after the year of attaining the respective designation.For other programme details including minimum entry requirements, completion requirements, examination format and structure, signing of advisory note and student contract, etc., please refer to the SCI website at:https://www.scicollege.org.sg

The examinations are offered on a monthly basis.Please refer to the SCI website at: https://www.scicollege.org.sg

Funding Support

Details refer to Funding Support on page 61.

81Chartered Financial Consultant®/Singapore (ChFC®/S)

Programme HighlightsThis nine-course programme leading to the award of the ChFC®/S professional designation equips financial advisory professionals with comprehensive financial planning knowledge to better assist their clients in this increasingly competitive field. In particular, candidates will have opportunities to explore in-depth practical applications of financial planning, estate planning and retirement planning concepts, including planning for business owners, professionals and wealthy clients. This is a self-study programme, except for ChFC08 and ChFC09 in which candidates must attend a 14-hour and 2-hour tutorials respectively before attempting the examination.

For Whom• Financial Planners / Life Insurance Advisers;• Relationship Managers;• Bancassurance Staff; and • Other insurance professionals whose job responsibilities require an

in-depth knowledge of financial planning principles, practices and products, and those wishing to obtain a professional insurance/financial planning qualification for their career advancement.

Programme Modules• ChFC01 Financial Planning: Process and Environment• ChFC02 Risk Management, Insurance and Retirement Planning• ChFC03 Tax, Estate Planning and Legal Aspects of Financial Planning• ChFC04 Investments

Awarded by the Singapore College of Insurance under licence from The American College

• ChFC05 Plan Construction, Practice Standards and Ethics• ChFC06 Planning for Business Owners and Professionals• ChFC07 Wealth Management and Financial Planning• ChFC08 Financial Planning Applications• ChFC09 Ethics for the Financial Services Professional

82After obtaining the ChFC®/S designation, candidates can proceed to take the following four modules, within the specific time frame, to obtain their CLU®/S designation, also awarded by SCI, under licence from The American College:• CLUS01 Individual Life Insurance• CLUS03 Life Insurance Law

Entry RequirementsCandidates who register for the ChFC®/S programme must have passed the following examinations:• CMFAS Module 5; CMFAS Module 8 or Module 9; and SCI Health Insurance.

Examination Fees (Inclusive Of 7% GST) (Subject To Change On A Yearly Basis)Fee For Self-Study*

Fee Per Module:ChFC01 To ChFC07

First Attempt(With Study Text)

Each Subsequent Attempt(Without Study Text)



Fee For Module ChFC08(Compulsory Tutorial)

First Attempt(With Study Text and inclusive of the 14-hour Compulsory Tutorial, one Examination Sitting, Practicum and Case Studies)


Member Company S$695.50 S$160.50 (Practicum)S$80.25 (Case Studies)

Non-Member Company S$765.05 S$176.55 (Practicum)S$88.28 (Case Studies)

Fee For Module ChFC09(Compulsory Tutorial)

First Attempt(With Study Text and inclusive of the 2-hour Compulsory Tutorial and one Examination Sitting)




* SCI offers only a self-study option for ChFC01 to ChFC07. Those who pay the examination fee of S$385.20 (inclusive of 7% GST) for Member Company or S$423.72 (inclusive of 7% GST) for Non-Member Company will get a Study Text and one examination sitting for the module registered. Funding under the IBF Standards Training Scheme (IBF-STS) is available for first attempt candidates. For ChFC08 and ChFC09, candidates must attend a 14-hour and 2-hour tutorials respectively, conducted by SCI.

• CLUS04 Life Insurance Company Operations• CLUS08 Group Benefits and Health Insurance

83Learning Outcomes• Develop knowledge in the process, tools and concepts of financial planning and investments.• Use a systematic approach to risk management, insurance and retirement planning.• Apply the basic tax concepts and skills to deal with individual income, expenses and allowances.• Learn the various types of estate planning tools, such as wills, trusts, powers of attorney and life insurance.• Discuss the major types of investments and risk profiles.• Learn the essential skills to formulate a sound financial plan to meet clients’ objectives and conform to ethical standards and practices.• Gain insights on the importance of business succession planning and buy-sell agreements.• Learn wealth management strategies to better manage clients’ risks and assets.• Develop the ability to design, construct and present a financial plan, and make recommendations to clients, as well as function as an ethical and competent practitioner in the field of financial planning.

2019 Examination Schedule

Qualification Awarded Upon Successful CompletionUpon successful completion of the examination modules within the specified time frame, candidates will be eligible to use the certification designation of “ChFC®/S”, subject to other qualifying requirements being met, including experience and ethics requirements.To maintain the designation, ChFC®/S holders are required to register a minimum of 30 hours of Continuing Professional Development (CPD) credits with SCI every two years. For the other programme details, please refer to the SCI website at: https://www.scicollege.org.sg

The examinations for ChFC01 to ChFC07 are conducted weekly.For examination/assessment schedule for ChFC08 and ChFC09, please refer to the SCI website at: https://www.scicollege.org.sg/examcontents.asp?ChFCNThe examinations for ChFC09 are conducted monthly.

Funding (Applicable Only For First Examination Attempt)

ChFC01 to ChFC07 (self-study) - Funded Under IBF Standards Training Scheme (IBF-STS)With effect from 3 May 2018, the examination component for ChFC01 to ChFC07 has been accredited under the IBF Standards, and is eligible for funding under the IBF-STS, subject to all eligibility criteria being met. Candidates are advised to assess the suitability of the examination module and its relevance to candidates’ business activities or job roles.

84Funding (Applicable Only For First Examination Attempt)

• For Singapore Citizens or Permanent ResidentsIBF-STS provides 70% funding for direct training costs subject to a cap of S$7,000 per candidate per programme subject to all eligibility criteria being met.

• For Singapore CitizensFor all IBF-STS programmes commencing on or after 1 July 2016, Singapore Citizens aged 40 years old and above will be eligible for 90% co-funding of direct training costs, subject to existing grant caps of S$7,000 per programme.The above funding scheme is eligible for company-sponsored or non-company-sponsored participants, subject to all eligibility criteria being met. Candidates can only submit the claims upon passing the respective examinations.For more details, you may refer to the IBF website at: https://www.ibf.org.sg

IBF-STS Claims Submission for Non-Company-Sponsored TrackClaims for Non-Company-Sponsored participants of IBF-STS programmes shall be submitted by the IBF-STS accredited training provider within three months from the date of completion of the programme.

IBF-STS Claims Submission for Company-Sponsored TrackClaims for IBF-STS programmes are to be compiled and submitted according to two half-yearly claim cycles, within three calendar months from the end of each qualifying period:(i) Claim Cycle 1: 1st July to 30th September - For programmes

completed from January to June of the same calendar year; and(ii) Claim Cycle 2: 1st January to 31st March - For programmes

completed from July to December of the previous year.For more details, you may refer to the IBF website at: https://www.ibf.org.sg

ChFC08 - Funded Under IBF Standards Training Scheme (IBF-STS)With effect from 1 June 2018, ChFC08 Financial Planning Applications has been accredited under the IBF Standards and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met. Available for a period, this funding is applicable only for the first assessment attempt and candidates may be self- or company-sponsored.

ChFC09 - Funded Under IBF Standards Training Scheme (IBF-STS)With effect from 13 July 2018, ChFC09 Ethics for the Financial Services Professional has been accredited under the IBF Standards and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met. Available for a period, this funding is applicable only for the first assessment attempt and candidates may be self- or company-sponsored.

85Chartered Life Underwriter®/Singapore (CLU®/S)

Programme HighlightsThis eight-course self-study programme leading to the award of the CLU®/S professional designation focuses on the protection, accumulation, preservation, and distribution of the economic values of human life. Candidates will also learn about the most current financial planning strategies for individuals and for business owners.

For Whom• Financial Planners / Life Insurance Advisers;• Relationship Managers;• Bancassurance Staff;• Life Insurance Brokers; and• Other insurance professionals whose job responsibilities require in-

depth knowledge of financial planning principles, practices and products, and those wishing to obtain a professional insurance/financial planning qualification for their career advancement.

Programme Modules• CLUS01 / DLI01 Individual Life Insurance• CLUS02 / DLI02 Risk Management, Insurance and Retirement Planning• CLUS03 / DLI03 Life Insurance Law• CLUS04 / DLI04 Life Insurance Company Operations• CLUS05 / DLI05 Financial Planning: Process and Environment

Awarded by the Singapore College of Insurance under licence from The American College

After obtaining the CLU®/S designation, candidates can proceed to take the following five modules, within the specific time frame, to obtain their ChFC®/S designation, also awarded by SCI, under licence from The American College:

• ChFC03 Tax, Estate Planning and Legal Aspects of Financial Planning• ChFC05 Plan Construction, Practice Standards and Ethics• ChFC07 Wealth Management and Financial Planning

• CLUS06 Investments• CLUS07 Planning for Business Owners and

Professionals• CLUS08 Group Benefits and Health

Insurance

• ChFC08 Financial Planning Applications• ChFC09 Ethics for the Financial Services

Professional

86Entry RequirementsCandidates who register for the CLU®/S programme must have passed the following examinations:

Examination Fees (Inclusive Of 7% GST) (Subject To Change On A Yearly Basis)Fee For Self-Study

Fee Per Module First Attempt(With Study Text)




2019 Examination Schedule for CLU®/S Modules

Qualification Awarded Upon Successful CompletionUpon successful completion of the examination modules within the specified time frame, candidates will be eligible to use the certification designation of “CLU®/S”, subject to other qualifying requirements being met, including experience and ethics requirements.To maintain the designation, CLU®/S holders are required to register a minimum of 30 hours of Continuing Professional Development (CPD) credits with SCI every two years.For the other programme details, please refer to the SCI website at: https://www.scicollege.org.sg/examcontents.asp?CLU

The examinations for CLU®/S are conducted weekly.

For the detailed Examination Schedule, please refer to the SCI website at:https://www.scicollege.org.sg/examcontents.asp?CLU

• CMFAS Module 5; CMFAS Module 8 or Module 9; and SCI Health Insurance.

Registration PolicyRegistrations should be made online at:https://www.scicollege.org.sgBefore registering, candidates should refer to the “For Whom” section of the respective Programmes, to ensure that they meet the recommended experience and programme prerequisites.A good command of the English language is essential. The SCI reserves the right to reject any candidates who does not meet the minimum entry requirements.SCI reserves the right to make changes to the programme details owing to unforeseen circumstances.

ADMINISTRATIVE INFORMATION FOR CERTIFICATION PROGRAMMES

Withdrawal / Postponement PolicyPlease refer to the SCI website at:https://www.scicollege.org.sg for the respective programmes.

87

Other Programme DetailsFor other programme details (where applicable) including minimum entry requirements, qualifying requirements, completion requirements, examination format and structure, signing of advisory note and student contract, recognition of prior learning credits, etc., please refer to the SCI website at: https://www.scicollege.org.sg for the respective programmes.

SkillsFuture CreditFor a list of SCI’s SkillsFuture Credit programmes, please refer to the SCI website.

VersionDate Effective

Changes Made

2.006 Dec 2018

Programme Date changed for:

� Technical Series - Claims Management� Marine Series - Marine Hull: Understanding Vessels And Insuring Them

3.010 Jan 2019


� Marine Series - Marine Cargo Insurance: Underwriting, Claims & Risk Management in Dry & Liquid Bulk� Liability Series - A Practical Understanding Of Cyber Insurance Risk Management� Reinsurance Series - Reinsurance Contract Certainty Workshop� General Insurance Series - Fundamentals Of Personal General Insurance� General Insurance Series - Fundamentals Of Commercial General Insurance

Added Programme:

� Reinsurance Series - Reinsurance Pricing NEW

� Specialist Series - Catastrophe Modeling NEW

� Risk Management & Compliance Series - The Principles Of Risk-Based Capital� Risk Management & Compliance Series - Enterprise Risk Management & Its Relevance NEW

Deleted Programme:

� Technical Series - Legal Aspects of Insurance� Technical Series - Insurance Company Operations� Technical Series - Commercial Property And Business Interruption Underwriting� Technical Series - Liability Insurance Underwriting� Technical Series - Claims Management� Technical Series - Risk Management� Technical Series - Business And Economics

4.004 Mar 2019

Added Programme:

� Risk Management & Compliance Series - Cyber Risk: A Strategic And Holistic Perspective NEW

Deleted Programme:


5.026 Mar 2019


� Marine Series - Freight & Transport Liabilities - Managing Risks & Liabilities On The Move NEW

� Marine Series - Marine Cargo & Freight Insurance Claims NEW


Added Programme:

� Engineering Series - Claims Aspects Of Engineering & Construction Insurance - A Residential Programme NEW

VERSION CONTROL


Changes Made

6.006 May 2019


� Risk Management & Compliances Series - Cyber Risk: A Strategic And Holistic Perspective� Life Insurance & Financial Planning Series - Business Insurance Planning Workshop (Case Study Approach� Reinsurance Series - Reinsurance Contract Certainty Workshop� Specialist Series - Catastrophe Modelling NEW

Added Programme:

� Technical Series - Writing Policy Contracts And Customer-Facing Technical Documents In Plain English NEW

� Life Insurance & Financial Planning Series - Business Insurance Planning Workshop� Marine Series - Marine Hull Policy Wordings: A Practical Perspective� Marine Series - Marine Insurance Claims Dispute� Marine Series - Insurance Legal Principles & The Marine Insurance Act 1906� Marine Series - Types Of Cargo Vessels, Ports And Terminals, Cargo & Parts Of Vessel

7.003 June 2019


� Marine Series - Marine Cargo & Freight Insurance Claims� Liability Series - Professional Indemnity Exposures For Insurance Brokers

Added Programme:

� Specialist Series - Leadership For The Digital Age: Leading Yourself And Your Organization Through Digital Change NEW

� Specialist Series - Driving Digital Transformation: Winning With New Business Models and Digital Technologies NEW

� Specialist Series - InsurTech: The Start-up Landscape NEW

� Specialist Series - A.I. & Cognitive Process Automation: An Insurance Perspective NEW

� Insurance Claims Series - Legal Issues In work Injury Compensation Act (WICA) Claims - 2nd Intake NEW

8.025 June 2019


� Marine Series - Fundamentals Of Upstream And Offshore Energy Insurance� Employee Benefits Series - Underwriting Of Group Employee Benefits Insurance� Reinsurance Series - The “Nuts & Bolts” Of Treaty Reinsurance: Proportional Treaty Reinsurance� Reinsurance Series - The “Nuts & Bolts” Of Treaty Reinsurance: Non-Proportional Treaty Reinsurance

VERSION CONTROL


Changes Made

9.029 Aug 2019

Added Programme:

� Specialist Series - Embracing New Technologies With The Right Operating Models/Strategies NEW

� Specialist Series - Data Driven Decision Making And Future Communication NEW

� Specialist Series - Managing Risks And Security With A Governance Mindset NEW

� Specialist Series - Business Model Canvas For Insurance Innovation NEW

� Specialist Series - Entrepreneurial, Design And Agile Thinking NEW

� Insurance Accounting Series - Finance For Non-Financial Managers Workshop NEW

10.09 Sep 2019


� Risk Management & Compliance Series - Enterprise Risk Management & Its Relevance NEW

11.028 Nov 2019

Added Programme Intake:

� Risk Management & Compliance Series - RBC Regulatory Framework for Singapore Insurers (Life & Non-Life) - 2nd Intake

VERSION CONTROL

For more information, please contact us:Singapore College of InsuranceTel: (+65) 6221 2336 | Fax: (+65) 6220 6684E-mail: [email protected]

9 Temasek Boulevard, #14-01/02/03 Suntec Tower Two, Singapore 038989Website: www.scicollege.org.sg

Singapore College of InsuranceCPE Registration No: 199408491M Period Of CPE Registration: From 26 September 2019 to 25 September 2023

Permit No. : MCI (P) 031/09/2018

Version 11: 28 November 2019