My Skill Lab
Insurance · Non-Life Underwriting FinanceIntermediate

Non-Life Underwriting: Motor, Property and Engineering

Assess, price and document general insurance risks the Nepali way.

Taught by My Skill Lab Insurance Faculty · Insurance Practitioners

What you'll learn

  • Follow a disciplined underwriting workflow from proposal to policy issue, including risk inspection and referral limits.
  • Explain compulsory third-party and comprehensive motor cover and apply the Authority's motor tariff correctly.
  • Assess fire and allied perils risks using construction, occupation, protection and exposure (COPE).
  • Identify the key features of contractor's all risk, erection all risk and machinery breakdown policies.
  • Recognise accumulation and catastrophe exposure and when to refer to reinsurance.

About this course

A practical course for underwriters and branch officers at Nepali non-life insurers. You will learn the underwriting process, how motor insurance works under the Authority's motor tariff directive, how to rate property and engineering risks, and how to manage accumulation in an earthquake- and flood-exposed country.

Course content

5 lessons
  1. 1The Underwriting Process and Your Authority LimitsFrom proposal to policy: gather facts, assess, decide, price and document.Preview
  2. 2Motor Insurance Under the Authority's TariffCompulsory third party, comprehensive cover, tariff rating and common pitfalls.
  3. 3Property Underwriting: Fire and Allied PerilsAssess buildings, stock and machinery using COPE, and set sums insured correctly.
  4. 4Engineering Insurance: CAR, EAR and MachineryCovers for hydropower, roads, buildings under construction and operating plant.
  5. 5Accumulation, Catastrophe and Portfolio DisciplineManage earthquake and flood concentration, monitor the book and work with reinsurance.