FLEET INSURANCE AND RISK MANAGEMENT

Objective:

• Gain advanced knowledge of fleet insurance and risk management strategies to improve organizational performance
• Understand the impact of fleet insurance and risk management on operational costs and financial performance
• Apply current best practices in fleet insurance planning, underwriting, and risk mitigation
• Develop effective approaches to managing fleet-related risks and insurance claims
• Improve decision-making in fleet insurance administration and policy management

Content:

Fleet Insurance Coverage

• Overview of fleet insurance and scope of cover
• Insurance coverage for private motor vehicles
• Insurance coverage for motorcycles
• Insurance coverage for goods-carrying commercial vehicles
• Insurance coverage for passenger-carrying commercial vehicles
• Insurance for specialized vehicles
• Optional insurance benefits and policy exclusions

Rating and Underwriting

• Principles of motor insurance rating and underwriting
• Risk assessment in private motor insurance
• Commercial motor and fleet insurance underwriting
• Motorcycle insurance underwriting considerations
• Factors influencing insurance premiums and policy terms

Risk Management

• Concepts and principles of risk and risk management
• Risk management frameworks and standards
• Enterprise Risk Management (ERM)
• Risk identification, assessment, analysis, and evaluation
• Risk response strategies and treatment plans

No-Claim Discount Management

• Understanding no-claim discount systems
• Application and benefits of no-claim discounts
• Market agreements affecting no-claim discounts
• Managing non-standard risks
• Policy renewal procedures and considerations

Claims Management Procedures

• Claims handling processes and best practices
• The role of law enforcement in accident and theft claims
• Claims assessment and documentation
• Working with claims assessors and recommended repairers
• Managing hijacking, theft, and vehicle recovery claims
• Dispute resolution and claims settlement procedures

Market Practices and Performance Management

• Understanding market agreements affecting fleet insurance
• Monitoring fleet insurance performance and claims trends
• Controlling insurance costs through proactive risk management
• Continuous improvement in fleet insurance administration

For Whom:

• Fleet Insurance Managers and Administrators
• Fleet Risk Management Managers and Executives
• Insurance Underwriters and Claims Officers
• Fleet Operations and Transport Managers
• Risk and Compliance Professionals
• Insurance Brokers and Insurance Consultants
• Fleet Supervisors and Vehicle Asset Managers
• Professionals responsible for fleet insurance, vehicle risk management, and claims administration