• Insurance professionals including intermediaries specializing in construction project insurance.
• Project managers and construction professionals dealing with CAR and EAR covers.
• Legal advisors and consultants focusing on construction insurance.
• Underwriters and claims handlers specializing in CAR and EAR insurance.

At the end of the programme, participants should be able to:

• Understand Contractor’s All Risk and Erection All Risk insurance policies including  the differences in  CAR/EAR wordings and their clauses.
• Identify and manage risks unique to construction projects covered by CAR and EAR.
• Know how to  formulate and underwrite CAR and EAR policies.
• Understand the special aspects of  Construction risks – tunnelling works, wet risks, renewable energy, power construction, OEM’s warranty and so on.
• Understand  how the pricing is analysed in CAR/EAR Insurance.
• Know  the techniques for efficient claims processing, documentation, and dispute resolution specific to CAR and EAR.
• Understand  the legal and regulatory frameworks specific to CAR and EAR insurance.
• Apply learning in practical settings  via scenarios  and case studies.

Introduction to CAR & EAR Insurance

• Overview, importance, and scope in construction projects.

Underwriting and risk assessment of CAR & EAR

• Identifying, analyzing, and managing risks in construction covered by CAR and EAR policies.
• In-depth look at underwriting processes, policy conditions, and exclusions.

The special aspects of  Construction risks – tunnelling works, wet risks, renewable energy, power construction, OEM’s warranty and so on.

Pricing in CAR/EAR Insurance

Claims Handling for CAR & EAR

• Effective management of claims, including case studies and dispute resolution techniques.

Legal and Regulatory Aspects of CAR & EAR

• Understanding compliance, policy wordings, and legal implications.

Emerging Trends and Market Developments

• Keeping abreast of new challenges and innovations in CAR and EAR insurance.

Young Jun Lee is the Country Lead, Engineering in Singapore, specialized in large infrastructure constructions and power & renewables operation risks. He is responsible for managing the Engineering portfolios in Asia region and delivers professional services and solutions to clients.

Jun has mechanical engineering background and began his career as an engineer in a power industry (Doosan). He has various underwriting experience in leading underwriting companies like Munich Re and Zurich as a senior position and responsible for portfolio and risk management, risk engineering and so on.

‍

Full Course Fee: S$414.20 (incl. of 9% GST)

‍