SBN Insurance Institute

This Non-Examination module was developed to provide a grounding in basic principles of insurance, the legal environment surrounding insurance contracts as well as the latest regulatory changes and requirements within the insurance sector. Delegates require a minimum secondary education. At the end of the course, delegates will need to sit a multiple course test of 50 questions with a pass mark set at 60%. A Certificate is offered with 5 CPD point credited

Marine Energy Insurance is one of the specialized classes of insurance that requires skilled, knowledgeable, and experienced underwriting professionals. It covers operations and assets related to the exploration, extraction, drilling, refining, storage, and transportation of oil, gas, and other energy resources. Additionally, it includes Petrochemical risks, covering assets, operations, and liabilities arising from the production and consumption of intermediate and final chemical products derived from gas and crude petroleum. This course will equip you with the essential skills needed to place Marine Energy Risks and manage Associated Liabilities effectively. Employees working in the Marine Insurance Division, individuals seeking to enhance their technical expertise in marine energy insurance, and those interested in pursuing Marine Energy Insurance qualifications at Diploma or Associateship levels.

Marine insurance can trace its origins to the ancient world and back even further to the beginnings of civilization when communities began to trade goods commercially with each other. The oldest known marine insurance policy was on a vessel named Santa Clara, and dated April 24, 1384, covering four bales of textiles on a journey from Pisa to Savona. (Source Vazzano Ltd Insurance Brokers). Fast forward to Present times, it is now estimated that approximately 11 billion tons of cargo are transported each year. The overwhelming majority of this cargo is transported by sea, approximately 80%. Between 1990 and 2021 the volume of seaborne trade has more than doubled from 4 to 11 billion tons. Whilst the Covid pandemic halted this growth, volumes shipped are once again increasing back to pre-pandemic levels and transportation of cargo is vital to the global economy. Join us for this valuable course. We are sure it will equip you with the awareness and knowledge needed in underwriting Marine. Any person who is working in the managerial or supervisory capacity in addition to Underwriters and or individuals who would like to improve their technical ability in the marine insurance working environment.

Marine insurance can trace its origins to the ancient world and back even further to the beginnings of civilization when communities began to trade goods commercially with each other. The oldest known marine insurance policy was on a vessel named Santa Clara, and dated April 24, 1384, covering four bales of textiles on a journey from Pisa to Savona. (Source Vazzano Ltd Insurance Brokers). Fast forward to Present times, it is now estimated that approximately 11 billion tons of cargo are transported each year. The overwhelming majority of this cargo is transported by sea, approximately 80%. Between 1990 and 2021 the volume of seaborne trade has more than doubled from 4 to 11 billion tons. Whilst the Covid pandemic halted this growth, volumes shipped are once again increasing back to pre-pandemic levels and transportation of cargo is vital to the global economy. Join us for this valuable course. We are sure it will equip you with the awareness and knowledge needed in underwriting Marine. Any person who is working in the managerial or supervisory capacity in addition to Underwriters and or individuals who would like to improve their technical ability in the marine insurance working environment.