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2019 programme portfolio

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

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
leadership &
Chairman Mr Daniel Wang GOVERNANCE
Secretary Ms Karine Kam

GIA Representatives Mr Karl Hamann


Ms Stella Tan

LIA Representatives Mr Patrick Teow International Academic Advisory Board


Mr Ken Ng (IAAB)
SIBA Representative Mr Gerald Lim Comprising eminent insurance and business
academics from the USA, UK and India, the IAAB
SRA Representative Mr Marc Haushofer offers advice on the academic standards of the
SCI curricula, with specific focus on its professional
Appointed Governors Mr Michael Eu designation programmes and examinations, and
Mr Paul Faulkner ensures their close adherence to best practices in the
Prof Francis Koh global insurance and financial services industry.

Prof W Jean Kwon


Academic Board Edwin A.G. Manton Chair Professor in International
Insurance and Risk Management and Director,
Chairman Prof Tse Yiu Kuen
Center for the Study of Insurance Regulation School of
Risk Management, Insurance and Actuarial Science
Members Ms Karine Kam
St. John's University
Mr James Beedle
New York, United States of America
Mrs Beng Du Maniar
Mr James Tan
Ms Stella Tan
Prof Christopher Parsons
Professor in Insurance
Faculty of Actuarial Science and Insurance
Cass Business School
Examination Board City University
London, United Kingdom
Chairperson Ms Karine Kam
Prof R Vaidyanathan
Members Ms Veronica Chia
Dr Joelle Fong Professor of Finance & Control
Ms Zoey Chung UTI Chair Professor in Capital Market Studies
Ms Janice Ong Indian Institute of Management Bangalore
Bangalore, India
TABLE OF
CONTENTS
INTRODUCTORY Page No.

TECHNICAL
Fundamentals Of Reinsurance 01
Fundamentals Of Personal General Insurance 02
Fundamentals Of Commercial General Insurance 03
Fundamentals Of Health Insurance 04

ENERGY
Fundamentals Of Upstream And Offshore Energy Insurance NEW 05

INSURANCE ACCOUNTING
IFRS & Its Impact On Insurance 06
Reading & Understanding Insurance Financial Statements: E-Learning Approach 07
Submission Of MAS Returns: E-Learning Approach 08
TABLE OF
CONTENTS
INTRODUCTORY Page No.

INSURANCE CLAIMS
Disputes In Motor Claims 09

MARINE
Marine Insurance - A Foundation Workshop 10

MOTOR INSURANCE
Understanding Singapore Motor Insurance Principles & Practices 11

PROPERTY
Overview Of Property Insurance 12

RISK MANAGEMENT & COMPLIANCE


Introduction To Enterprise Risk Management 13
TABLE OF
CONTENTS
INTERMEDIATE Page No.

TECHNICAL
Legal Aspects Of Insurance 14
Insurance Company Operations 15
Commercial Property And Business Interruption Underwriting 16
Liability Insurance Underwriting 17
Claims Management 18
Risk Management 19
Business And Economics 20

EMPLOYEE BENEFITS
Underwriting Of Group Employee Benefits Insurance 21

ENERGY
Underwriting Offshore Energy Insurance 22
TABLE OF
CONTENTS
INTERMEDIATE Page No.

ENGINEERING
A Practical Understanding Of CAR & EAR Insurance 23
Understanding Construction Insurance Risks And Claims 24

INSURANCE ACCOUNTING
Statutory Accounting Principles & Accounting For Insurance Contracts: 25
E-Learning Approach

INSURANCE CLAIMS
Legal Issues In Work Injury Compensation Act (WICA) Claims 26
Insights Into Motor Insurance Claims 27
Insights Into Claim Fraud 28
Understanding Motor Car Construction & Accident Repair From 29
A Claims Perspective
Property Damage & Business Interruption Claims 30
Motor Insurance Claims: Contractual Rights & Obligations 31
TABLE OF
CONTENTS
INTERMEDIATE Page No.

LIABILITY
Directors’ & Officers’ Liability Insurance 32
Key Emerging Liability Risks - Underwriting & Claims 33
Professional Indemnity Exposures For Insurance Brokers 34
A Practical Understanding Of Cyber Insurance Risk Management 35
Underwriting & Claims Aspects Of Commercial General Liability Insurance 36
Liability Insurance Issues: Civil Liability, Negligence, Vicarious And Strict Liability 37
Specialist Liability Risks: A Focus On Commercial Crime Insurance 38
& Cyber Insurance NEW

MARINE
Marine Cargo Policy Wordings: A Practical Perspective 39
Marine Cargo & Freight Insurance Claims NEW 40
Marine Hull: Understanding Vessels And Insuring Them 41
A Focus On Marine Liabilities Insurance NEW 42
Emerging Marine Insurance Issues: Including Cyber Risks & Products Updates NEW 43
Underwriting Project Cargo Insurance 44
Marine Cargo Insurance: Underwriting, Claims & Risk Management 45
In Dry & Liquid Bulk
TABLE OF
CONTENTS
INTERMEDIATE Page No.

MARINE
Freight & Transport Liabilities - Managing Risks & Liabilities On The Move NEW 46

PROPERTY
The Nuts & Bolts Of Property Business Interruption Insurance 47

REINSURANCE
The “Nuts & Bolts” Of Treaty Reinsurance: Proportional Treaty Reinsurance 48
The “Nuts & Bolts” Of Treaty Reinsurance: Non-Proportional Treaty Reinsurance 49
Reinsurance Contract Treaty Wordings 50
Technical Reinsurance Accounts 51
Reinsurance PLUS 52
Reinsurance Contract Certainty Workshop 53
The Art Of Reinsurance Management 54
Managing Reinsurance Claims 55
Reinsurance Programme Designing & Buying 56
TABLE OF
CONTENTS
INTERMEDIATE Page No.

RISK MANAGEMENT & COMPLIANCE


RBC Framework For Singapore Insurers (Life & Non-Life) 57

SPECIALIST
Agriculture Risks: Production, Insurance and Reinsurance NEW 58
Jewellers’ Block Insurance 59

CERTIFICATION PROGRAMMES Page No.

Diploma In General Insurance And Risk Management (DGIRM) - Self-Study 61


Advanced Diploma In General Insurance And Risk Management (ADGIRM) 64
- Self-Study
Diploma In Life Insurance (DLI) - Self-Study 66
Chartered Financial Consultant®/Singapore (ChFC®/S) 68
Chartered Life Underwriter®/Singapore (CLU®/S) 72
Programme Calendar By Month

Jan 21, 22, 24, 25 & 28 Jan -


INTERMEDIATE

TECHNICAL
Risk Management

Feb 18, 19, 20 & 21 Feb -


INTERMEDIATE

TECHNICAL
Claims Management

Mar 18 & 19 Mar - INTRODUCTORY 20 Mar - INTERMEDIATE


TECHNICAL REINSURANCE
Fundamentals Of Personal General Reinsurance Contract Certainty Workshop
Insurance

27, 28 & 29 Mar -


INTRODUCTORY

TECHNICAL
Fundamentals Of Commercial General
Insurance
Programme Calendar By Month

Apr 01 Apr - INTERMEDIATE 01, 02, 04 & 05 Apr -


INSURANCE CLAIMS INTERMEDIATE
Insights Into Motor Insurance Claims TECHNICAL
Business And Economics

04 & 05 Apr - INTERMEDIATE 05 Apr - INTERMEDIATE


EMPLOYEE BENEFITS INSURANCE CLAIMS
Underwriting Of Group Employee Benefits Legal Issues In Work Injury Compensation Act
Insurance (WICA) Claims

08 & 09 Apr - INTERMEDIATE 10, 11 & 12 Apr - INTERMEDIATE


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

11 & 12 Apr - INTRODUCTORY 15 Apr - INTERMEDIATE


MOTOR INSURANCE MARINE
Understanding Singapore Motor Insurance Marine Hull: Understanding Vessels And
Principles & Practices Insuring Them
Programme Calendar By Month

Apr 15 & 16 Apr - INTERMEDIATE 15, 16, 17 & 18 Apr -


REINSURANCE INTERMEDIATE
Reinsurance Contract Treaty Wordings TECHNICAL
Insurance Company Operations

25 & 26 Apr - INTRODUCTORY 29 & 30 Apr - INTERMEDIATE


MARINE MARINE
Marine Insurance - A Foundation Workshop A Focus On Marine Liabilities Insurance NEW

29 & 30 Apr - INTERMEDIATE


PROPERTY
The Nuts & Bolts Of Property Business
Interruption Insurance

May 03 May - INTERMEDIATE 06 May - INTRODUCTORY


REINSURANCE INSURANCE CLAIMS
Managing Reinsurance Claims Disputes In Motor Claims

08 May - INTERMEDIATE 15, 16 & 17 May -


INSURANCE CLAIMS INTRODUCTORY
Insights Into Claim Fraud TECHNICAL
Fundamentals Of Health Insurance
Programme Calendar By Month

May 21, 22, 23, 24 & 27 May - 23 May - INTRODUCTORY


INTERMEDIATE
PROPERTY
TECHNICAL Overview Of Property Insurance
Legal Aspects Of Insurance

23 & 24 May - INTERMEDIATE 24 May - INTERMEDIATE


LIABILITY INSURANCE CLAIMS
Directors’ & Officers’ Liability Insurance Understanding Motor Car Construction &
Accident Repair From A Claims Perspective

27, 28 & 29 May - INTRODUCTORY 30 May - INTERMEDIATE


TECHNICAL LIABILITY
Fundamentals Of Reinsurance Professional Indemnity Exposures For
Insurance Brokers

Jun 10 & 11 Jun - INTRODUCTORY 11 & 12 Jun - INTERMEDIATE


TECHNICAL MARINE
Fundamentals Of Personal General Insurance Marine Cargo Policy Wordings: A Practical
Perspective
Programme Calendar By Month

Jun 13 & 14 Jun - INTERMEDIATE 17 & 18 Jun - INTERMEDIATE


MARINE ENGINEERING
Marine Cargo & Freight Insurance Understanding Construction Insurance
Claims NEW Risks And Claims

17, 18 & 19 Jun - 19 & 20 Jun - INTERMEDIATE


INTRODUCTORY
LIABILITY
TECHNICAL A Practical Understanding Of Cyber
Insurance Risk Management
Fundamentals Of Commercial General
Insurance

21 Jun - INTERMEDIATE 24 & 25 Jun - INTRODUCTORY


REINSURANCE RISK MANAGEMENT
Reinsurance Contract Certainty Workshop
& COMPLIANCE
Introduction To Enterprise Risk
Management

28 Jun - INTRODUCTORY
ENERGY
Fundamentals Of Upstream And Offshore
Energy Insurance NEW
Programme Calendar By Month

Jul 01 & 02 Jul - INTERMEDIATE 03 & 04 Jul - INTERMEDIATE


MARINE LIABILITY
Underwriting Project Cargo Insurance Key Emerging Liability Risks -
Underwriting & Claims

03, 04 & 05 Jul - INTERMEDIATE 08 & 09 Jul - INTERMEDIATE


REINSURANCE MARINE
The Art Of Reinsurance Management Freight & Transport Liabilities - Managing
Risks & Liabilities On The Move NEW

11 Jul - INTRODUCTORY 11 & 12 Jul - INTERMEDIATE


INSURANCE SPECIALIST
ACCOUNTING Agriculture Risks: Production, Insurance
and Reinsurance NEW  
IFRS & Its Impact On Insurance

15 & 16 Jul - INTERMEDIATE 15, 16, 18, 19 & 22 Jul -


REINSURANCE INTERMEDIATE
The “Nuts & Bolts” Of Treaty Reinsurance:
Proportional Treaty Reinsurance
TECHNICAL
Commercial Property And Business
Interruption Underwriting
Programme Calendar By Month

Jul 17, 18 & 19 Jul - INTERMEDIATE 18 Jul - INTERMEDIATE


REINSURANCE INSURANCE CLAIMS
The “Nuts & Bolts” Of Treaty Reinsurance: Motor Insurance Claims: Contractual Rights &
Non-Proportional Treaty Reinsurance Obligations

22 & 23 Jul - INTERMEDIATE 22 & 23 Jul - INTERMEDIATE


LIABILITY REINSURANCE
Specialist Liability Risks: A Focus On Reinsurance Contract Treaty Wordings
Commercial Crime Insurance & Cyber
Insurance NEW

24, 25 & 26 Jul - INTERMEDIATE 29, 30 & 31 Jul - INTERMEDIATE


REINSURANCE REINSURANCE
Technical Reinsurance Accounts Reinsurance PLUS

Aug 01 & 02 Aug - INTERMEDIATE 05 Aug - INTERMEDIATE


EMPLOYEE BENEFITS SPECIALIST
Underwriting Of Group Employee Benefits Jewellers’ Block Insurance
Insurance
Programme Calendar By Month

Aug 15 & 16 Aug - INTERMEDIATE 19 & 20 Aug - INTERMEDIATE


LIABILITY INSURANCE CLAIMS
Underwriting & Claims Aspects Of Commercial Property Damage & Business Interruption
General Liability Insurance Claims

19, 20, 21 & 22 Aug - 22 & 23 Aug - INTERMEDIATE


INTERMEDIATE
LIABILITY
TECHNICAL Directors’& Officers’ Liability Insurance
Liability Insurance Underwriting

Sep 05 & 06 Sep - INTERMEDIATE 12 & 13 Sep - INTERMEDIATE


MARINE LIABILITY
Marine Cargo Insurance: Underwriting, Claims Liability Insurance Issues: Civil Liability,
& Risk Management In Dry & Liquid Bulk Negligence, Vicarious And Strict Liability

16 & 17 Sep - INTERMEDIATE 18 Sep - INTERMEDIATE


ENGINEERING INSURANCE CLAIMS
A Practical Understanding Of CAR & EAR Insights Into Motor Insurance Claims
Insurance
Programme Calendar By Month

Sep 19 & 20 Sep - INTRODUCTORY 23 & 24 Sep - INTRODUCTORY


TECHNICAL MOTOR INSURANCE
Fundamentals Of Personal General Insurance Understanding Singapore Motor Insurance
Principles & Practices

25 Sep - INTERMEDIATE 25, 26 & 27 Sep - INTRODUCTORY


REINSURANCE TECHNICAL
Reinsurance Contract Certainty Workshop Fundamentals Of Commercial General
Insurance

26 Sep - INTERMEDIATE 27 Sep - INTERMEDIATE


MARINE ENERGY
Marine Hull: Understanding Vessels And Underwriting Offshore Energy Insurance
Insuring Them

Oct 07 Oct - INTRODUCTORY 08 Oct - INTERMEDIATE


INSURANCE CLAIMS INSURANCE CLAIMS
Disputes In Motor Claims Insights Into Claim Fraud
Programme Calendar By Month

Oct 09 & 10 Oct - INTRODUCTORY 11 Oct - INTERMEDIATE


MARINE MARINE
Marine Insurance - A Foundation Workshop Emerging Marine Insurance Issues: Including
Cyber Risks & Products Updates NEW

14 & 15 Oct - INTERMEDIATE 16, 17 & 18 Oct - INTERMEDIATE


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

17 & 18 Oct - INTERMEDIATE 24 & 25 Oct - INTERMEDIATE


RISK MANAGEMENT REINSURANCE
& COMPLIANCE Reinsurance Programme Designing & Buying

RBC Framework For Singapore Insurers (Life


& Non-Life)
SCI Series Of Programmes
TECHNICAL
01. Fundamentals Of Reinsurance
02. Fundamentals Of Personal General Insurance
03. Fundamentals Of Commercial General Insurance
04. Fundamentals Of Health Insurance
05. Legal Aspects Of Insurance
06. Insurance Company Operations
07. Commercial Property And Business Interruption Underwriting
08. Liability Insurance Underwriting
09. Claims Management
10. Risk Management
11. Business And Economics

ENERGY
12. Fundamentals Of Upstream And Offshore Energy Insurance NEW
13. Underwriting Offshore Energy Insurance

INSURANCE ACCOUNTING
14. IFRS & Its Impact On Insurance
15. Reading & Understanding Insurance Financial Statements: E-Learning Approach
16. Submission Of MAS Returns: E-Learning Approach
17. Statutory Accounting Principles & Accounting For Insurance Contracts: E-Learning
Approach

INSURANCE CLAIMS
18. Disputes In Motor Claims
19. Legal Issues In Work Injury Compensation Act (WICA) Claims
20. Insights Into Motor Insurance Claims
21. Insights Into Claim Fraud
22. Understanding Motor Car Construction & Accident Repair From A Claims Perspective
23. Property Damage & Business Interruption Claims
24. Motor Insurance Claims: Contractual Rights & Obligations

MARINE
25. Marine Insurance - A Foundation Workshop
26. Marine Cargo Policy Wordings: A Practical Perspective
27. Marine Cargo & Freight Insurance Claims NEW
28. Marine Hull: Understanding Vessels And Insuring Them
29. A Focus On Marine Liabilities Insurance NEW
30. Emerging Marine Insurance Issues: Including Cyber Risks & Products Updates NEW
31. Underwriting Project Cargo Insurance
32. Marine Cargo Insurance: Underwriting, Claims & Risk Management In Dry & Liquid Bulk
33. Freight & Transport Liabilities - Managing Risks & Liabilities On The Move NEW
SCI Series Of Programmes
MOTOR INSURANCE
34. Understanding Singapore Motor Insurance Principles & Practices

PROPERTY
35. Overview Of Property Insurance
36. The Nuts & Bolts Of Property Business Interruption Insurance

RISK MANAGEMENT & COMPLIANCE


37. Introduction To Enterprise Risk Management
38. RBC Framework For Singapore Insurers (Life & Non-Life)

EMPLOYEE BENEFITS
39. Underwriting Of Group Employee Benefits Insurance

ENGINEERING
40. A Practical Understanding Of CAR & EAR Insurance
41. Understanding Construction Insurance Risks And Claims

LIABILITY
42. Directors’ & Officers’ Liability Insurance
43. Key Emerging Liability Risks - Underwriting & Claims
44. Professional Indemnity Exposures For Insurance Brokers
45. A Practical Understanding Of Cyber Insurance Risk Management
46. Underwriting & Claims Aspects Of Commercial General Liability Insurance
47. Liability Insurance Issues: Civil Liability, Negligence, Vicarious And Strict Liability
48. Specialist Liability Risks: A Focus On Commercial Crime Insurance & Cyber
Insurance NEW

REINSURANCE
49. The “Nuts & Bolts” Of Treaty Reinsurance: Proportional Treaty Reinsurance
50. The “Nuts & Bolts” Of Treaty Reinsurance: Non-Proportional Treaty Reinsurance
51. Reinsurance Contract Treaty Wordings
52. Technical Reinsurance Accounts
53. Reinsurance PLUS
54. Reinsurance Contract Certainty Workshop
55. The Art Of Reinsurance Management
56. Managing Reinsurance Claims
57. Reinsurance Programme Designing & Buying

SPECIALIST
58. Agriculture Risks: Production, Insurance and Reinsurance NEW
59. Jewellers’ Block Insurance
Introductory Series
01

TECHNICAL
27, 28 & 29
Fundamentals Of Introductory 9.00am to 5.00pm
May 2019
Reinsurance

Programme Highlights
The 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.

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.
Fee Per Participant • Support staff working in reinsurance broking firms.
• Staff in reinsurance departments of direct insurance companies
Singapore-based Participant who support the placement, technical accounting and claims
Member Company functions.
S$529.65
S$282.15 (After 50% FTS* Funding)
• Staff of regulatory bodies who need to understand the
S$84.15 (After 90% FTS** Funding) principles and practical applications of reinsurance.
Non-Member Company • New entrants to the insurance and reinsurance industry.
S$582.62
S$310.37 (After 50% FTS* Funding)
S$92.57 (After 90% FTS** Funding)
Overseas Participant
S$544.50
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
02

TECHNICAL Programme Highlights


The 2-day course aims to provide participants with the
Fundamentals Of Personal essential knowledge and understanding of the main
General Insurance 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.

For Whom
• All general insurance intermediaries and company staff
9.00am to 1st Intake: members, reinsurers and new entrants to the insurance
Introductory
5.00pm 18 & 19 Mar 2019 industry.
2nd Intake: • Other practitioners who wish to refresh their foundational
10 & 11 Jun 2019 knowledge of personal general insurance products.
3rd Intake:
19 & 20 Sep 2019 Fee Per Participant
Singapore-based Participant
Member Company
S$321.00
S$171.00 (After 50% FTS* Funding)
S$51.00 (After 90% FTS** Funding)
Non-Member Company
S$353.10
S$188.10 (After 50% FTS* Funding)
S$56.10 (After 90% FTS** Funding)
Overseas Participant
S$330.00

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
03

TECHNICAL
9.00am to 1st Intake:
Fundamentals Introductory
5.00pm 27, 28 & 29 Mar 2019
Of Commercial 2nd Intake:
General Insurance 17, 18 & 19 Jun 2019
3rd Intake:
25, 26 & 27 Sep 2019

Programme Highlights
The 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.

For Whom
• All general insurance intermediaries and company staff
members, reinsurers and new entrants to the insurance
Fee Per Participant industry.
Singapore-based Participant • Other practitioners who wish to refresh their foundational
Member Company knowledge on commercial general insurance products.
S$481.50
S$256.50 (After 50% FTS* Funding)
S$76.50 (After 90% FTS** Funding)
Non-Member Company
S$529.65
S$282.15 (After 50% FTS* Funding)
S$84.15 (After 90% FTS** Funding)
Overseas Participant
S$495.00
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
04

TECHNICAL Programme Highlights


The 3-day course aims to provide participants with an
Fundamentals Of Health Insurance 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.
9.00am to 15, 16 & 17
Introductory For Whom
5.00pm May 2019
• 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$411.95
S$219.45 (After 50% FTS* Funding)
S$65.45 (After 90% FTS** Funding)
Non-Member Company
S$453.15
S$241.40 (After 50% FTS* Funding)
S$72.00 (After 90% FTS** Funding)
Overseas Participant
S$423.50

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
05 NEW

ENERGY
Introductory 9.00am to 5.00pm 28 Jun 2019
Fundamentals Of Upstream
And Offshore Energy
Insurance

Programme Highlights
This 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.

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

Fee Per Participant


Singapore-based Participant
Member Company
S$406.07
S$216.32 (After 50% FTS* Funding)
S$64.52 (After 90% FTS** Funding)
Non-Member Company
S$446.67
S$237.95 (After 50% FTS* Funding)
S$70.97 (After 90% FTS** Funding)
Overseas Participant
S$417.45
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
06
INSURANCE
ACCOUNTING Programme Highlights
Insurers are bracing themselves for significant changes
IFRS & Its Impact On Insurance 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
Introductory 9.00am to 5.00pm 11 Jul 2019
to gain practical knowledge of the new standards.

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

Fee Per Participant


Singapore-based Participant
Member Company
S$329.56
S$175.56 (After 50% FTS* Funding)
S$52.36 (After 90% FTS** Funding)
Non-Member Company
S$362.52
S$193.12 (After 50% FTS* Funding)
S$57.60 (After 90% FTS** Funding)
Overseas Participant
S$338.80

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
07 E-Learning Approach

INSURANCE
ACCOUNTING
Introductory 2 hours
Reading & Understanding
Insurance Financial
Statements

Programme Highlights
Insurance 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


S$267.50
E-Learning Approach 08
INSURANCE
ACCOUNTING Programme Highlights
Through e-learning mode, participants will acquire a
Submission Of MAS Returns 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


S$267.50
09
INSURANCE
CLAIMS
Introductory 9.00am to 5.00pm 1st Intake:
Disputes In Motor Claims 6 May 2019
2nd Intake:
7 Oct 2019

Programme Highlights
All 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
Fee Per Participant disputes from arising. With more clarity on the claims process and
deeper understanding of how the contract works, participants
Singapore-based Participant can steer a more positive claims outcome for customers.
Member Company
S$329.56 For Whom
S$175.56 (After 50% FTS* Funding)
S$52.36 (After 90% FTS** Funding) General Insurance Agents, Insurance Brokers and Customer
Non-Member Company Service Officers, Underwriting and Claims Assistants involved in
S$362.52 the Motor Insurance class. Also suitable for those Motor Traders
S$193.12 (After 50% FTS* Funding) involved in arranging Motor Insurance for their clients.
S$57.60 (After 90% FTS** Funding)
Overseas Participant
S$338.80
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
10

MARINE Programme Highlights


This workshop focuses on how the maritime shipping world
Marine Insurance works, the important shipping documentation involved,
- A Foundation Workshop 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. Maritime
cyber risks will also be addressed so that participants can
enhance their knowledge and understanding of Marine
Insurance.

For Whom
9.00am to 1st Intake:
Introductory
5.00pm 25 & 26 Apr 2019 • Marine and Energy Underwriting Assistants, Underwriters,
2 nd
Intake: Claims Assistants, Executives, Business Development & 
Marketing Executives.
9 & 10 Oct 2019
• 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$1,224.08
S$652.08 (After 50% MCF* Grant)
Non-Member Company
S$1,346.49
S$717.29 (After 50% MCF* Grant)
Overseas Participant
S$1,258.40

* Subject to terms and conditions.


11
MOTOR
INSURANCE
Introductory 9.00am to 5.00pm 1st Intake:
Understanding Singapore 11 & 12 Apr 2019
Motor Insurance 2nd Intake:
Principles & Practices 23 & 24 Sep 2019

Programme Highlights
This 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.  

For Whom
General 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$541.42
S$288.42 (After 50% FTS* Funding)
S$86.02 (After 90% FTS** Funding)
Non-Member Company
S$595.56
S$317.26 (After 50% FTS* Funding)
S$94.62 (After 90% FTS** Funding)
Overseas Participant
S$556.60
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
12

PROPERTY Programme Highlights


This 1-day programme aims to provide participants with
Overview Of Property Insurance 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.
9.00am to
Introductory 23 May 2019
5.00pm 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$329.56
S$175.56 (After 50% FTS* Funding)
S$52.36 (After 90% FTS** Funding)
Non-Member Company
S$362.52
S$193.12 (After 50% FTS* Funding)
S$57.60 (After 90% FTS** Funding)
Overseas Participant
S$338.80

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
13
RISK MANAGEMENT
& COMPLIANCE
Introductory 9.00am to 5.00pm 24 & 25 Jun 2019
Introduction To Enterprise
Risk Management

Programme Highlights
This 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.

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.
Fee Per Participant • Those who are tasked with the responsibility to develop or
enhance the company’s risk management process.
Singapore-based Participant
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
Intermediate Series
14

TECHNICAL
9.00am to 21, 22, 23, 24
Legal Aspects Of Insurance Intermediate
5.00pm & 27 May 2019

Programme Highlights
It aims to provide participants with a firm foundation of the
law and the various legal concepts as they apply in insurance
practice. It also highlights the application of the various legal
concepts and contractual terms with regard to insurance claims,
such as indemnity, subrogation and contribution; as well as the
application and operation of the law of agency in the insurance
context.

For Whom
• Insurance Executives, Supervisors, Team Leaders and those
aspiring to achieve managerial positions; or
• Insurance staff employed in support functions wishing to
develop their knowledge of the business.

Fee Per Participant


Singapore-based Participant
S$604.55
S$322.05 (After 50% FTS* Funding)
S$96.05 (After 90% FTS** Funding)
Overseas Participant
S$565.00

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
15

TECHNICAL Programme Highlights


It aims to equip participants with a good thorough
Insurance Company Operations understanding of insurance company operations,
beginning with the typical business structures to the
manner in which insurance companies are managed,
with particular focus on the roles and responsibilities of the
company’s board of directors and senior management
in line with corporate governance best practices. It
highlights the various operational aspects within the
common functional areas of insurance companies, as
well as accounting principles and practices, with the aim
9.00am to 15, 16, 17 &
Intermediate of helping to gain a better appreciation of the various
5.00pm 18 Apr 2019 financial statements of insurance companies, and how
the various financial ratios can be derived to provide an
indication of an insurance company’s financial strength.
It also highlights the criteria that credit rating agencies
apply in rating insurance companies, as well as the
various regulatory solvency requirements that insurance
companies in Singapore must comply with. It also reviews
the way technology and the digital age is changing
insurance operations and shaping its future.

For Whom
• Insurance Executives, Supervisors, Team Leaders and
those aspiring to achieve managerial positions; or
• Insurance staff employed in support functions wishing
to develop their knowledge of the business.

Fee Per Participant


Singapore-based Participant
S$417.30
S$222.30 (After 50% FTS* Funding)
S$66.30 (After 90% FTS** Funding)
Overseas Participant
S$390.00

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
16

TECHNICAL
15, 16, 18, 19
Commercial Property Intermediate 9.00am to 5.00pm
& 22 Jul 2019
And Business
Interruption Underwriting

Programme Highlights
It aims to provide participants with the knowledge and skills
to assess, as well as underwrite property risks and business
interruption in commercial lines. In particular, it deals with
commercial property risks and their management, examines
common causes of loss, surveys, insurance products, and offers
guidelines in property underwriting. It covers various products –
such as Fire Insurance, Theft Insurance, Construction Insurance,
Engineering Insurance, and Business Interruption Insurance –
from application, inception to the completion of the underwriting
process.

For Whom
• Insurance Executives, Supervisors, Team Leaders and those
aspiring to achieve managerial positions; or
• Insurance staff employed in support functions wishing to
develop their knowledge of the business.

Fee Per Participant


Singapore-based Participant
S$604.55
S$322.05 (After 50% FTS* Funding)
S$96.05 (After 90% FTS** Funding)
Overseas Participant
S$565.00

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
17

TECHNICAL Programme Highlights


It aims to provide participants with a firm understanding of
Liability Insurance Underwriting the pertinent knowledge and skills required in underwriting
the various classes of commercial liability insurance
namely, Work Injury Compensation Insurance, Public And
Product Liability Insurance, Directors’ And Officers’ Liability
Insurance, Professional Indemnity Insurance, as well as
other Specialist Liability Insurance such as Cyber Liability,
Product Recall, Environmental Impairment Liability (EIL)
Insurance and Terrorism Liability Insurance. It also covers
Emerging Risks which could have a major impact on
9.00am to 19, 20, 21 &
Intermediate society and industry. It also helps participants to understand
5.00pm 22 Aug 2019 how underwriters evaluate and manage liability risks, in
terms of the information required, the common features of
liability policies, as well as the underwriting management
and risk management aspects for a book of Commercial
Liability Insurance business.

For Whom
• Insurance Executives, Supervisors, Team Leaders and
those aspiring to achieve managerial positions; or
• Insurance staff employed in support functions wishing
to develop their knowledge of the business.

Fee Per Participant


Singapore-based Participant
S$417.30
S$222.30 (After 50% FTS* Funding)
S$66.30 (After 90% FTS** Funding)
Overseas Participant
S$390.00

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
18

TECHNICAL
18, 19, 20 &
Claims Management Intermediate 9.00am to 5.00pm
21 Feb 2019

Programme Highlights
It aims to provide participants with the knowledge to develop
and enhance professionalism and skills in managing commercial
insurance claims. It surveys the claims environment, examines
the legal and contractual principles in claims management,
claimant services management, and investigates causes of
claims disputes and managing the disputes. It discusses the
principles and practices of claims cost management, followed by
practical application of the knowledge to Commercial Property
and Liability Insurance.

For Whom
• Insurance Executives, Supervisors, Team Leaders and those
aspiring to achieve managerial positions; or
• Insurance staff employed in support functions wishing to
develop their knowledge of the business.

Fee Per Participant


Singapore-based Participant
S$417.30
S$222.30 (After 50% FTS* Funding)
S$66.30 (After 90% FTS** Funding)
Overseas Participant
S$390.00

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
19

TECHNICAL Programme Highlights


It aims to provide participants with the knowledge of
Risk Management the application of key risk management principles and
practices to a variety of practical situations. It highlights
the risk identification and the prioritisation processes,
as well as the methods of risk assessment and analysis.
Concepts such as risk controlling techniques, risk transfer
and financing options, as well as methods of risk monitoring
and review, will also provide a better understanding of risk
management.
9.00am to 21, 22, 24, 25
Intermediate For Whom
5.00pm & 28 Jan 2019
• Insurance Executives, Supervisors, Team Leaders and
those aspiring to achieve managerial positions; or
• Insurance staff employed in support functions wishing
to develop their knowledge of the business.

Fee Per Participant


Singapore-based Participant
S$604.55
S$322.05 (After 50% FTS* Funding)
S$96.05 (After 90% FTS** Funding)
Overseas Participant
S$565.00

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
20

TECHNICAL
9.00am to
Business And Economics Intermediate
5.00pm
1, 2, 4 & 5 Apr 2019

Programme Highlights
It aims to equip participants with a deeper understanding of the
interconnectivity between insurance and economics, beginning
with a macro perspective of the global economic structures and
the roles that insurance plays globally as well as in Singapore. It
also covers economic theories and concepts such as demand
and supply, competition, unemployment, inflation, monetary
and fiscal policies, as well as balance of payments and their
application in the insurance context. In addition, it highlights
topical business issues such as business ethics, corporate social
responsibility, corporate governance, and risk management.
Financial aspects of business such as financing, budgetary
controls, and management accounting are also covered.

For Whom
• Insurance Executives, Supervisors, Team Leaders and those
aspiring to achieve managerial positions; or
• Insurance staff employed in support functions wishing to
develop their knowledge of the business.
Fee Per Participant
Singapore-based Participant
S$417.30
S$222.30 (After 50% FTS* Funding)
S$66.30 (After 90% FTS** Funding)
Overseas Participant
S$390.00

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
21

EMPLOYEE BENEFITS Programme Highlights


This 2-day programme aims to provide participants with
Underwriting Of Group a firm foundation to underwrite Group Employee Benefits
Employee Benefits Insurance 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.

For Whom
9.00am to 1st Intake:
Intermediate
5.00pm 4 & 5 Apr 2019 • Underwriters, Sales Personnels, Business Development
2 nd
Intake: and Marketing Executives who are handling Employee
Benefits Insurance.
1 & 2 Aug 2019
• 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
22

ENERGY
Intermediate 9.00am to 5.00pm 27 Sep 2019
Underwriting Offshore
Energy Insurance

Programme Highlights
The 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.

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
Fee Per Participant such covers are handled and settled.
Singapore-based Participant
Member Company
S$529.65
S$282.15 (After 50% FTS* Funding)
S$84.15 (After 90% FTS** Funding)
Non-Member Company
S$582.62
S$310.37 (After 50% FTS* Funding)
S$92.57 (After 90% FTS** Funding)
Overseas Participant
S$544.50
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
23

ENGINEERING Programme Highlights


With the emerging economies in Asia back on a growth
A Practical Understanding trend, there are increasing numbers of large infrastructure
Of CAR & EAR Insurance 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.

9.00am to For Whom


Intermediate 16 & 17 Sep 2019
5.00pm
• 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
24

ENGINEERING
9.00am to
Understanding Construction Intermediate
5.00pm
17 & 18 Jun 2019
Insurance Risks And Claims

Programme Highlights
This 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.

For Whom
• Underwriting and Claims Executives.
• Marketing and Business Development Personnel, including
Insurance Brokers and Agents.
• Anyone wishing to acquire some basic technical knowledge
Fee Per Participant in the areas of Engineering and Construction, with insurance
application in particular.
Singapore-based Participant
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
E-Learning Approach 25
INSURANCE
ACCOUNTING Programme Highlights
Through e-learning mode, participants will acquire a good
Statutory Accounting understanding of the Singapore Statutory Accounting
Principles & Accounting Principles & Accounting for Insurance Contracts (FRS 39
For Insurance Contracts & 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.

Fee Per Participant


S$267.50
Intermediate 2 hours
26
INSURANCE
CLAIMS
Intermediate 9.00am to 5.00pm 5 Apr 2019
Legal Issues In Work
Injury Compensation
Act (WICA) Claims

Programme Highlights
In 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.

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
Fee Per Participant or advice relating to such claims.

Singapore-based Participant
Member Company
S$329.56
S$175.56 (After 50% FTS* Funding)
S$52.36 (After 90% FTS** Funding)
Non-Member Company
S$362.52
S$193.12 (After 50% FTS* Funding)
S$57.60 (After 90% FTS** Funding)
Overseas Participant
S$338.80
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
27

INSURANCE CLAIMS Programme Highlights


The 1-day programme seeks to equip practitioners with a
Insights Into Motor Insurance Claims 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
9.00am to 1st Intake: more effective, and to provide a more positive customer
Intermediate experience when handling a claim.
5.00pm 1 Apr 2019
2nd Intake:
For Whom
18 Sep 2019
General Insurance Agents, Insurance Brokers, Customer
Service Officers, Underwriting and Claims Assistants with
at least 3 years’ experience in handling Motor Insurance
claims.

Fee Per Participant


Singapore-based Participant
Member Company
S$329.56
S$175.56 (After 50% FTS* Funding)
S$52.36 (After 90% FTS** Funding)
Non-Member Company
S$362.52
S$193.12 (After 50% FTS* Funding)
S$57.60 (After 90% FTS** Funding)
Overseas Participant
S$338.80

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
28
INSURANCE
CLAIMS
Intermediate 9.00am to 5.00pm 1st Intake:
Insights Into Claim Fraud 8 May 2019
2nd Intake:
8 Oct 2019

Programme Highlights
It 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.

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.

Fee Per Participant


Singapore-based Participant
Member Company
S$329.56
S$175.56 (After 50% FTS* Funding)
S$52.36 (After 90% FTS** Funding)
Non-Member Company
S$362.52
S$193.12 (After 50% FTS* Funding)
S$57.60 (After 90% FTS** Funding)
Overseas Participant
S$338.80
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
29

INSURANCE CLAIMS Programme Highlights


Through classroom lectures and a site visit, participants will
Understanding Motor Car gain pertinent knowledge of motor car mechanisms that
Construction & Accident Repair will help to enhance their customer service effectiveness
From A Claims Perspective when dealing with Motor Insurance claims.

For Whom
Claims 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.
9.00am to
Intermediate 24 May 2019
5.00pm
Fee Per Participant
Singapore-based Participant
Member Company
S$329.56
S$175.56 (After 50% FTS* Funding)
S$52.36 (After 90% FTS** Funding)
Non-Member Company
S$362.52
S$193.12 (After 50% FTS* Funding)
S$57.60 (After 90% FTS** Funding)
Overseas Participant
S$338.80

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
30
INSURANCE
CLAIMS
9.00am to
Property Damage & Intermediate
5.00pm
19 & 20 Aug 2019
Business Interruption Claims

Programme Highlights
Claims 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.

For Whom
Underwriters 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
Fee Per Participant with Property and Business Interruption claims.

Singapore-based Participant
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
31

INSURANCE CLAIMS Programme Highlights


This 1-day programme will provide participants with the
Motor Insurance Claims: necessary knowledge to effectively manage the Motor
Contractual Rights & Obligations Insurance claims process. Participants will also learn about
the information required to support the claim decision-
making process.

For Whom
Claims Practitioners with more than 6 years of experience
in handling Motor Insurance claims. Also suitable for
practitioners who may wish to gain the necessary
Intermediate 9.00am to 5.00pm 18 Jul 2019 knowledge to effectively manage the Motor Insurance
claims process.

Fee Per Participant


Singapore-based Participant
Member Company
S$329.56
S$175.56 (After 50% FTS* Funding)
S$52.36 (After 90% FTS** Funding)
Non-Member Company
S$362.52
S$193.12 (After 50% FTS* Funding)
S$57.60 (After 90% FTS** Funding)
Overseas Participant
S$338.80

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
32

LIABILITY
9.00am to 1st Intake:
Directors’ & Officers’ Intermediate
5.00pm 23 & 24 May 2019
Liability Insurance 2nd Intake:
22 & 23 Aug 2019

Programme Highlights
This 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.

For Whom
Underwriters 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
33

LIABILITY Programme Highlights


In recent times, the world has changed dramatically,
Key Emerging Liability Risks resulting in new and a greater variety of emerging risks
- Underwriting & Claims 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.

For Whom
9.00am to
Intermediate 3 & 4 Jul 2019
5.00pm Underwriters 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
34

LIABILITY
Intermediate 9.00am to 5.00pm 30 May 2019
Professional
Indemnity Exposures
For Insurance Brokers

Programme Highlights
This 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.

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
Fee Per Participant mitigate their PI exposures and implement the required risk
Singapore-based Participant
management measures accordingly.
Member Company
S$329.56
S$175.56 (After 50% FTS* Funding)
S$52.36 (After 90% FTS** Funding)
Non-Member Company
S$362.52
S$193.12 (After 50% FTS* Funding)
S$57.60 (After 90% FTS** Funding)
Overseas Participant
S$338.80
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
35

LIABILITY Programme Highlights


There has been much discussion recently on cyber risk
A Practical Understanding Of Cyber exposures faced by enterprises and their related risk
Insurance Risk Management 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
9.00am to examines the factors to be considered when looking for
Intermediate 19 & 20 Jun 2019 Cyber Insurance solutions.
5.00pm
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.

Fee Per Participant


Singapore-based Participant
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
36

LIABILITY
9.00am to
Underwriting & Claims Intermediate
5.00pm
15 & 16 Aug 2019
Aspects Of Commercial
General Liability Insurance

Programme Highlights
The 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.

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.
Fee Per Participant
Singapore-based Participant
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
37

LIABILITY Programme Highlights


This 2-day programme addresses four of the most basic
Liability Insurance Issues: tenets underpinning legal liabilities i.e. civil liability,
Civil Liability, Negligence, negligence, vicarious and strict liability. It covers the
Vicarious And Strict Liability 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.
9.00am to
Intermediate 12 & 13 Sep 2019 For Whom
5.00pm
• 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
38 NEW

LIABILITY
Intermediate 9.00am to 5.00pm 22 & 23 Jul 2019
Specialist Liability Risks: A
Focus On Commercial Crime
Insurance & Cyber Insurance

Programme Highlights
This 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.

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.
Fee Per Participant
• Loss Adjusters, Claims Handlers and Legal Advisers handling
Singapore-based Participant Crime and Cyber Insurance claims.
Member Company
S$812.13
S$432.63 (After 50% FTS* Funding)
S$129.03 (After 90% FTS** Funding)
Non-Member Company
S$893.34
S$475.89 (After 50% FTS* Funding)
S$141.93 (After 90% FTS** Funding)
Overseas Participant
S$834.90
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
39

MARINE Programme Highlights


This 2-day practical programme involves a detailed
Marine Cargo Policy Wordings: review of the Marine Cargo Insurance policy, including
A Practical Perspective 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
9.00am to and why certain clauses have been developed. Practical
Intermediate 11 & 12 Jun 2019
5.00pm exercises will allow the participants to consider how they
would apply certain principles of Marine Cargo Insurance
in practice.

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.

Fee Per Participant


Singapore-based Participant
Member Company
S$1,224.08
S$652.08 (After 50% MCF* Grant)
Non-Member Company
S$1,346.49
S$717.29 (After 50% MCF* Grant)
Overseas Participant
S$1,258.40
* Subject to terms and conditions.
40 NEW

MARINE
Intermediate 9.00am to 5.00pm 13 & 14 Jun 2019
Marine Cargo & Freight
Insurance Claims

Programme Highlights
The handling and adjustment of Marine Cargo and Freight
Insurance claims can be complex and challenging. This 2-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.

For Whom
• Insurance Practitioners, Underwriters, Brokers and Agents who
have been handling Marine Cargo and Freight Insurance for
at least 3 years. 
• Insurance Claims Handlers and Loss Adjusters who have been
Fee Per Participant handling Marine Cargo and Freight Insurance for at least 3
Singapore-based Participant
years. 
Member Company • Also suitable for Marine Legal Advisers handling Cargo and
S$1,224.08 Freight Insurance claims.
S$652.08 (After 50% MCF* Grant)
Non-Member Company
S$1,346.49
S$717.29 (After 50% MCF* Grant)
Overseas Participant
S$1,258.40

* Subject to terms and conditions.


41

MARINE Programme Highlights


Ships and vessels present significant risks and learning
Marine Hull: Understanding how to assess and insure the physical damage, business
Vessels And Insuring Them 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
9.00am to 1st Intake: provide an expeditious settlement.
Intermediate
5.00pm 15 Apr 2019 For Whom
2nd Intake:
26 Sep 2019 • 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$529.65
S$282.15 (After 50% MCF* Grant)
Non-Member Company
S$582.62
S$310.37 (After 50% MCF* Grant)
Overseas Participant
S$544.50

* Subject to terms and conditions.


42 NEW

MARINE
Intermediate 9.00am to 5.00pm 29 & 30 Apr 2019
A Focus On Marine
Liabilities Insurance

Programme Highlights
This 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.

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.

Fee Per Participant


Singapore-based Participant
Member Company
S$1,224.08
S$652.08 (After 50% MCF* Grant)
Non-Member Company
S$1,346.49
S$717.29 (After 50% MCF* Grant)
Overseas Participant
S$1,258.40

* Subject to terms and conditions.


NEW
43

MARINE Programme Highlights


This 1-day programme focuses on the many risks and
Emerging Marine Insurance “headwinds” that the Marine Insurance market is currently
Issues: Including Cyber facing. Issues covered include maritime piracy updates,
Risks & Products 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.

Intermediate
9.00am to
11 Oct 2019
For Whom
5.00pm
• 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.

Fee Per Participant


Singapore-based Participant
Member Company
S$612.04
S$326.04 (After 50% MCF* Grant)
Non-Member Company
S$673.24
S$358.64 (After 50% MCF* Grant)
Overseas Participant
S$629.20

* Subject to terms and conditions.


44

MARINE
Intermediate 9.00am to 5.00pm 1 & 2 Jul 2019
Underwriting Project
Cargo Insurance

Programme Highlights
This 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.

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.
Fee Per Participant • Project Owners responsible for insurance placements and
Practitioners interested in gaining an understanding of how
Singapore-based Participant Project Cargo Insurance is underwritten.
Member Company
S$812.13
S$432.63 (After 50% MCF* Grant)
Non-Member Company
S$893.34
S$475.89 (After 50% MCF* Grant)
Overseas Participant
S$834.90

* Subject to terms and conditions.


45

MARINE Programme Highlights


In this 2-day programme, participants will have a good
Marine Cargo Insurance: understanding of dry & liquid bulk; its characteristics, its
Underwriting, Claims & Risk peculiar behaviours and the rigours they go through when
Management In Dry & Liquid Bulk 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
9.00am to are familiar with the processes involved in the shipment of
Intermediate 5 & 6 Sep 2019
5.00pm such cargoes, which puts them in good stead to perform
underwriting and risk management in this area.

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.

Fee Per Participant


Singapore-based Participant
Member Company
$812.13
$432.63 (After 50% MCF* Grant)
Non-Member Company
$893.34
$475.89 (After 50% MCF* Grant)
Overseas Participant
$834.90

* Subject to terms and conditions.


46 NEW

MARINE
Intermediate 9.00am to 5.00pm 8 & 9 Jul 2019
Freight & Transport
Liabilities - Managing Risks
& Liabilities On The Move

Programme Highlights
This 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.

For Whom
• Insurance Practitioners, Underwriters, Brokers and Agents who
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.
Fee Per Participant
• Risk Management Professionals handling Freight and Transport
Singapore-based Participant Liability risks for at least 3 years.
Member Company
S$812.13
S$432.63 (After 50% MCF* Grant)
Non-Member Company
S$893.34
S$475.89 (After 50% MCF* Grant)
Overseas Participant
S$834.90

* Subject to terms and conditions.


47

PROPERTY Programme Highlights


This 2-day programme is designed for participants who
The Nuts & Bolts Of Property wish to gain an understanding of how Business Interruption
Business Interruption Insurance (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
9.00am to also be examined.
Intermediate 29 & 30 Apr 2019
5.00pm
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.

Fee Per Participant


Singapore-based Participant
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)
Overseas Participant
$834.90
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
48

REINSURANCE
9.00am to 1st Intake:
The “Nuts & Bolts” Of Treaty Intermediate
5.00pm 8 & 9 Apr 2019
Reinsurance: Proportional 2nd Intake:
Treaty Reinsurance 15 & 16 Jul 2019
3rd Intake:
14 & 15 Oct 2019

Programme Highlights
Reinsurance 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.

For Whom
Reinsurance 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.
Fee Per Participant
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
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
49

REINSURANCE Programme Highlights


Although many insurers in Asia still place their core
The “Nuts & Bolts” Of Treaty reinsurance on a Proportional basis, there is a continuing
Reinsurance: Non-Proportional global trend towards the use of Non-Proportional
Treaty Reinsurance 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.

For Whom
9.00am 1st Intake:
Intermediate Reinsurance or General Insurance Practitioners with
to 10, 11 & 12 Apr 2019
3 to 5 years of experience wishing to gain a better
5.00pm 2nd Intake: understanding of how Non-Proportional Treaties are
17, 18 & 19 Jul 2019 being used in reinsurance.
3rd Intake:
16, 17 & 18 Oct 2019
Fee Per Participant
Singapore-based Participant
Member Company
$1,870.36
$996.36 (After 50% FTS* Funding)
$297.16 (After 90% FTS** Funding)
Non-Member Company
$2,057.40
$1,096.00 (After 50% FTS* Funding)
$326.88 (After 90% FTS** Funding)
Overseas Participant
$1,922.80

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
50

REINSURANCE
9.00am to 1st Intake:
Reinsurance Contract Intermediate
5.00pm 15 & 16 Apr 2019
Treaty Wordings 2nd Intake:
22 & 23 Jul 2019

Programme Highlights
Reinsurance 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.

For Whom
• Reinsurance Practitioners with 3 to 5 years of work experience.
• Reinsurance Executives in insurance companies wishing to
Fee Per Participant gain a better understanding of the meaning and application
of the various types of Treaty wordings and clauses.
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
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
51

REINSURANCE Programme Highlights


Reinsurance may be a relatively simple concept to
Technical Reinsurance Accounts 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.
9.00am
Intermediate to 24, 25 & 26 Jul 2019 For Whom
5.00pm
• 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.

Fee Per Participant


Singapore-based Participant
Member Company
$1,870.36
$996.36 (After 50% FTS* Funding)
$297.16 (After 90% FTS** Funding)
Non-Member Company
$2,057.40
$1,096.00 (After 50% FTS* Funding)
$326.88 (After 90% FTS** Funding)
Overseas Participant
$1,922.80

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
52

REINSURANCE
9.00am to
Reinsurance PLUS Intermediate
5.00pm
29, 30 & 31 Jul 2019

Programme Highlights
This 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.

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.

Fee Per Participant


Singapore-based Participant
Member Company
$1,870.36
$996.36 (After 50% FTS* Funding)
$297.16 (After 90% FTS** Funding)
Non-Member Company
$2,057.40
$1,096.00 (After 50% FTS* Funding)
$326.88 (After 90% FTS** Funding)
Overseas Participant
$1,922.80
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
53

REINSURANCE Programme Highlights


In the past, a “deal now, details later culture” was prevalent
Reinsurance Contract in the international insurance and reinsurance markets.
Certainty Workshop 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
9.00am to 1st Intake: through actual case studies culminating in hands-on
Intermediate contract vetting exercises.
5.00pm 20 Mar 2019
2nd Intake: For Whom
21 Jun 2019
• General & Life Insurance Practitioners who have a
3rd Intake:
minimum of 3 years’ experience in handling reinsurance
25 Sep 2019 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.

Fee Per Participant


Singapore-based Participant
Member Company
$329.56
$175.56 (After 50% FTS* Funding)
$52.36 (After 90% FTS** Funding)
Non-Member Company
$362.52
$193.12 (After 50% FTS* Funding)
$57.60 (After 90% FTS** Funding)
Overseas Participant
$338.80
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
54

REINSURANCE
Intermediate 9.00am to 5.00pm 3, 4 & 5 Jul 2019
The Art Of Reinsurance
Management

Programme Highlights
This 3-day intensive programme aims to equip participants in the
practical aspects of reinsurance. It will cover how Proportional
and Non-Proportional Reinsurance Treaty businesses are
conducted and will examine the application of legal principles
governing the contracts (and clauses) of reinsurance.
Detailed strategies involved in placing and designing outward
reinsurance and underwriting inward reinsurance shall also be
covered.

For Whom
• Executives and Staff in reinsurance companies and reinsurance
departments of direct insurance companies who support the
underwriting, technical accounting and claims functions in
their organisation with 0 to 5 years of experience.
• Executives and Staff in reinsurance broking firms who support
the broking, administrative, technical accounting and claims
function in their organisations with 0 to 5 years of experience.
Fee Per Participant • Non-Operational Support Staff in reinsurance and reinsurance
broking companies with 0 to 5 years of experience.
Singapore-based Participant
Member Company
S$1,218.20
S$648.95 (After 50% FTS* Funding)
S$193.55 (After 90% FTS** Funding)
Non-Member Company
S$1,340.00
S$713.83 (After 50% FTS* Funding)
S$212.89 (After 90% FTS** Funding)
Overseas Participant
S$1,252.35
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
55

REINSURANCE Programme Highlights


Efficient and proactive claims management is increasingly
Managing Reinsurance Claims 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
Intermediate 9.00am to 5.00pm 3 May 2019
effective and service driven claims management.

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.

Fee Per Participant


Singapore-based Participant
Member Company
$406.07
$216.32 (After 50% FTS* Funding)
$64.52 (After 90% FTS** Funding)
Non-Member Company
$446.67
$237.95 (After 50% FTS* Funding)
$70.97 (After 90% FTS** Funding)
Overseas Participant
$417.45

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
56

REINSURANCE
Intermediate 9.00am to 5.00pm 24 & 25 Oct 2019
Reinsurance Programme
Designing & Buying

Programme Highlights
This 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.

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.

Fee Per Participant


Singapore-based Participant
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)
Overseas Participant
$834.90
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
57
RISK MANAGEMENT
& COMPLIANCE Programme Highlights
Through lectures and discussions, participants will acquire
RBC Framework For Singapore an in-depth understanding of the Risk-Based Capital (RBC)
Insurers (Life & Non-Life) 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.

For Whom
• Accountants, Accounting or Finance Managers and
9.00am to Executives, Internal Audit and Compliance Managers
Intermediate 17 & 18 Oct 2019 and Executives.
5.00pm
• 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.

Fee Per Participant


Singapore-based Participant
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)
Overseas Participant
$834.90

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
58 NEW

SPECIALIST
Intermediate 9.00am to 5.00pm 11 & 12 Jul 2019
Agriculture Risks:
Production, Insurance
and Reinsurance

Programme Highlights
This 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.

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.
Fee Per Participant
Singapore-based Participant
Member Company
$1,059.30
$564.30 (After 50% FTS* Funding)
$168.30 (After 90% FTS** Funding)
Non-Member Company
$1,165.23
$620.73 (After 50% FTS* Funding)
$185.13 (After 90% FTS** Funding)
Overseas Participant
$1,089.00
Financial Training Scheme (FTS)
* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
59

SPECIALIST Programme Highlights


This 1-day programme will equip participants with an
Jewellers’ Block Insurance 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.

Intermediate 9.00am to 5.00pm 5 Aug 2019 For Whom


Underwriters 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.

Fee Per Participant


Singapore-based Participant
Member Company
$329.56
$175.56 (After 50% FTS* Funding)
$52.36 (After 90% FTS** Funding)
Non-Member Company
$362.52
$193.12 (After 50% FTS* Funding)
$57.60 (After 90% FTS** Funding)
Overseas Participant
$338.80

Financial Training Scheme (FTS)


* Subject to terms and conditions.
** 90% FTS Funding is only for Singaporean 40 years old and above.
60
ADMINISTRATIVE CPD Hours
CPD hours awarded by SCI are recognised by GIA for
INFORMATION FOR fulfilling the CPD requirements set out under the GIA’s
Guidelines on Continuing Professional Development.

TECHNICAL TRAINING Financial Training Scheme (FTS)

PROGRAMMES The FTS is available to eligible entities at a 50% funding level


of programme fees, subject to all eligibility criteria being
met. Singapore Citizens aged 40 years and above are
eligible for 90% co-funding of direct training costs, subject
Registration Policy to a cap of S$2,000 per participant per programme. FTS
Registrations should be made online at https://www. claims may be made only for programmes as listed in the
scicollege.org.sg. Before registering, participants FTS Programme Directory with the specified validity period.
should refer to the “For Whom” section of the respective For more information, please refer to: https://www.ibf.org.
Programmes, to ensure that they meet the recommended sg/programmes/Pages/IBF-FTS.aspx
experience and programme prerequisites. A good Note: FTS Funding does not apply to overseas-based
command of English language is essential. SCI reserves participants/delegates, as well as ancillary expenses of
the right to reject any participant who does not meet the participants/delegates, whether they are from Singapore
recommended experience and programme prerequisites. or overseas.
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 Maritime Cluster Fund (MCF)
the minimum enrolment for the programme has been met  or MCF-Manpower is available for the development of
one month before the programme commencement date, manpower, training initiatives and capabilities within the
whichever is earlier, and provided that the full payment maritime industry. Accessible to companies and company
has been received. If the programme is cancelled or supported individuals within the maritime sector, the fund
postponed, SCI will notify participants by email one month focuses on developing and enhancing the pertinent skills
before the programme commencement date. of employees.
SCI reserves the right to make changes to the programme
details owing to unforeseen circumstances. SkillsFuture Credit
For a list of SCI’s SkillsFuture Credit programmes, please
Accommodation for Overseas Participants refer to the SCI website.
Overseas participants are required to book the
accommodation using the hotel booking form and make Withdrawal / Postponement Policy
the accommodation payment directly to the hotel. Please refer to the SCI website at:
Overseas participants should book their accommodation https://www.scicollege.org.sg for the respective
and air tickets ONLY after they have received the programmes.
Programme Confirmation E-mail from SCI.

Attendance Policy
Participants must attain a minimum 75% attendance for
the programme to be awarded with the Certificate of
Attendance (COA).
Certification Series
61
Diploma In General Insurance
And Risk Management (DGIRM) - Self-Study

Programme Highlights
Offered 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.

For Whom
This 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)


• DGI01 Legal Aspects Of Insurance • DGI03 Commercial Property And Business Interruption Underwriting
• DGI02 Insurance Company Operations • DGI04 Liability Insurance Underwriting

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

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.


62
2019 Examination Schedule for DGIRM Modules
Dgirm Modules Examination Dates Examination Time (3 hours)

First Series Second Series Third Series


(April 2019) (July 2019) (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 3 April 2019 3 July 2019 3 October 2019 9.00 am to 12.00 noon
Interruption Underwriting

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

Qualification Awarded Upon Successful Completion


Upon 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

Education Progression Pathways For Diploma in


General Insurance and Risk Management Holders
01 Advanced Diploma in General Insurance and Risk
Management
After 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 • ADGI07 Business And Economics
• ADGI06 Risk Management*

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.


63
02 Advanced Diploma Of The Chartered Institute Of Loss Adjusters
The 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:
• 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.
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

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

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/.
64
Advanced Diploma In General Insurance
And Risk Management (ADGIRM) - Self-Study

Programme Highlights
Offered 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.

Programme Modules - Advanced Diploma Level (ADGI05 – ADGI07)


• ADGI05 Claims Management • ADGI07 Business And Economics
• ADGI06 Risk Management *

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

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

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.


65
2019 Examination Schedule for ADGIRM Modules

ADGIRM Modules Examination Dates Examination Time (3 hours)

First Series Second Series Third Series


(April 2019) (July 2019) (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

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

Qualification Awarded Upon Successful Completion


Upon 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.sg
Adv 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 63.
66
Diploma In Life Insurance (DLI) – Self-Study

Programme Highlights
Offered 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 • DLI04 Life Insurance Company Operations
• DLI02 Risk Management, Insurance and • DLI05 Financial Planning: Process and Environment
Retirement Planning
• DLI03 Life Insurance Law
67
Examination Fees (Inclusive Of 7% GST) (Subject To Change On A Yearly Basis)

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

Member Company S$385.20 S$107.00

Non-Member Company S$423.72 S$117.70

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

2019 Examination Schedule


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

Qualification Awarded Upon Successful Completion


Upon 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

Funding Support
Details refer to Funding Support on page 63.
68
Chartered Financial Consultant®/Singapore
(ChFC®/S)
Awarded by the Singapore College of Insurance under licence from The American College

Programme Highlights
This 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 • ChFC05 Plan Construction, Practice Standards and Ethics
Environment • ChFC06 Planning for Business Owners and Professionals
• ChFC02 Risk Management, Insurance and • ChFC07 Wealth Management and Financial Planning
Retirement Planning
• ChFC08 Financial Planning Applications
• ChFC03 Tax, Estate Planning and Legal
Aspects of Financial Planning • ChFC09 Ethics for the Financial Services Professional
• ChFC04 Investments
69
After 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 • CLUS04 Life Insurance Company Operations
• CLUS03 Life Insurance Law • CLUS08 Group Benefits and Health Insurance

Entry Requirements
Candidates 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: First Attempt Each Subsequent Attempt


ChFC01 To ChFC07 (With Study Text) (Without Study Text)

Member Company S$385.20 S$107.00

Non-Member Company S$423.72 S$117.70

Fee For Module ChFC08 First Attempt Each Subsequent Attempt


(Compulsory Tutorial) (With Study Text and inclusive of the 14- (Without Study Text)
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 First Attempt Each Subsequent Attempt


(Compulsory Tutorial) (With Study Text and inclusive of the 2-hour (Without Study Text)
Compulsory Tutorial and one Examination
Sitting)

Member Company S$128.40 S$80.25

Non-Member Company S$141.24 S$88.28

* 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.
70
Learning 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


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?ChFCN
The examinations for ChFC09 are conducted monthly.

Qualification Awarded Upon Successful Completion


Upon 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

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.
71
Funding (Applicable Only For First Examination Attempt)

• For Singapore Citizens or Permanent Residents


IBF-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 Citizens


For 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 Track


Claims 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 Track


Claims 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.
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Chartered Life Underwriter®/Singapore (CLU®/S)
Awarded by the Singapore College of Insurance under licence from The American College

Programme Highlights
This 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 • CLUS06 Investments
• CLUS02 / DLI02 Risk Management, Insurance and Retirement Planning • CLUS07 Planning for Business Owners and
• CLUS03 / DLI03 Life Insurance Law Professionals

• CLUS04 / DLI04 Life Insurance Company Operations • CLUS08 Group Benefits and Health
Insurance
• CLUS05 / DLI05 Financial Planning: Process and Environment

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 • ChFC08 Financial Planning Applications
• ChFC05 Plan Construction, Practice Standards and Ethics • ChFC09 Ethics for the Financial Services
• ChFC07 Wealth Management and Financial Planning Professional
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Entry Requirements
Candidates who register for the CLU®/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 First Attempt Each Subsequent Attempt


(With Study Text) (Without Study Text)

Member Company S$385.20 S$107.00

Non-Member Company S$423.72 S$117.70

2019 Examination Schedule for CLU®/S Modules


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

Qualification Awarded Upon Successful Completion


Upon 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
74

ADMINISTRATIVE
INFORMATION FOR
CERTIFICATION PROGRAMMES
Registration Policy
Registrations should be made online at:
https://www.scicollege.org.sg
Before 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.

Withdrawal / Postponement Policy


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

Other Programme Details


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

Version Changes Made


Date Effective
2.0 Programme Date changed for:
06 Dec 2018
� Technical Series - Claims Management
� Marine Series - Marine Hull: Understanding Vessels And Insuring Them
For more information, please contact us:
Singapore College of Insurance Singapore College of Insurance
Tel: (+65) 6221 2336 | Fax: (+65) 6220 6684 CPE Registration No: 199408491M
E-mail: talk2us@scidomain.org.sg Period Of CPE Registration:
From 26 September 2015 to 25 September 2019
9 Temasek Boulevard, #14-01/02/03
Suntec Tower Two, Singapore 038989
Website: www.scicollege.org.sg Permit No. : MCI (P) 031/09/2018

Version 2: 06 Dec 2018

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