Specialised Programme in Detecting and Preventing Marine Insurance Fraud
1Summary
Most people assume marine insurance simply protects cargo from damage on board a ship — and that assumption is exactly what makes fraud in this sector so easy to miss. In reality, coverage extends to ships, cargo, loading stations and any mode of transport carrying goods between origin and destination, and "marine insurance" has covered land and air transport for so long that the name itself is somewhat misleading, a legacy of its roots in Roman trade and the maritime routes later opened across Asia and the Americas. This programme starts from that gap in understanding and builds toward the specific skill of catching fraud before it costs an organisation money.
Participants gain a working command of insurance terms for employees and organisations, risk management practice, and the methods used to apply insurance coverage correctly — all aimed at one outcome: recognising fraudulent activity in marine insurance early enough to stop it.
2Objectives and target group
Who Should Attend
- Corporate and business managers.
- Entrepreneurs seeking to strengthen their insurance management skills.
- Business administration students and graduates from various universities.
- Employees in the maritime transport industry.
- Anyone developing expertise in marine insurance.
Programme Outcomes
By the end of the programme, participants will be able to:
- Explain insurance as a modern, essential transaction for securing the transport of goods by sea.
- Describe the regulations governing insurance activity.
- Apply alternative means such as arbitration and mediation to resolve disputes between insurance parties.
- Identify and prevent fraudulent activity in marine insurance.
3Course Content
Module 1: Fraud in Marine Insurance — the Core Problem
- How fraud shows up in marine insurance claims, and the methods used to eliminate it.
- How to inspect damaged goods as a first line of defence against false claims.
Module 2: Marine Insurance Foundations
- Types of marine insurance and its distinguishing characteristics in relation to risk management.
- Legislative topics and laws related to marine insurance.
Module 3: Coverage, Risk and Terminology
- Marine insurance coverage documents and the classification of risk under current transport insurance terminology.
- Types of losses in marine insurance and how accumulation risk builds up within a portfolio.
Module 4: Claims, Compensation and General Average
- Marine insurance claims settlement and how general average loss is handled.
- Compensation methods, types of marine transport insurance programmes, and the coding system used for common risk management procedures.
- Fundamentals and guidelines for filing compensation claims.
Module 5: Reinsurance and Underwriting
- Marine reinsurance agreements, along with their conditions and exclusions.
- Underwriting capacity and how it affects competition in the market.
Module 6: Practical Cases and Open Discussion
- Working through practical cases and an open discussion to consolidate the programme's content.
Module 7: Delivery, Locations and Certification
- Courses run in Egypt, Jordan, Malaysia, Turkey, the United Kingdom, France, Italy, Germany, Sweden, Austria, Denmark, Australia and the United States, at times and locations that suit your business needs.
- Delivery formats include group training at Academy centres, individual training with a comprehensive curriculum, field training with an integrated work programme, and theoretical training in dedicated classrooms at the Academy.
- Participants receive a certified certificate from the Arab British Fellowship Training Academy for attending the Marine Insurance Fraud programme.