This course will build on the AIMU Introduction to Yacht Insurance course. Students will go into further depth on the topic of yacht insurance and risk selection that encompasses pleasure craft. Topics covered are Vessel Ownership, Coverage Extensions, Claims including Hull Losses, Storm Planning/Hurricane Proof Facilities, Third-Party Losses (injuries, collisions, other property damage), Claims and Effect on Loss Ratio; Target Loss Ratio, LAE, ULAE Expense Ratios, Development Tails/Trends, Combined Ratio Results; Other Considerations including Crew and Operators, Aggregation of Limits, National CAT, Concentration of Values, Surveys, Reinsurance: Treaty & Facultative, Excess P&I and P&I Clubs.
Who Should Attend: Insurance company underwriters, trainees, claims personnel, surveyors, agents or brokers, shipowners, charterers, and marine attorneys who have completed AIMU’s Introduction to Yacht Insurance and/or have experience with pleasurecraft underwriting or claims.
Instructors: Kristen Pena, Senior Underwriter, Recreational Marine/XL Catlin; Matthew Roethke, Yacht Specialist, AIG Private Client Group
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Advanced Yacht Underwriting |
Advanced Yacht Claims |
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Morning session |
Afternoon session |
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1. Understanding Complex Risks/Vessel Ownership |
1. Claims including hull losses |
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2. Main Exposures, Coverage Extensions/ Uses |
2. Storm Planning/Hurricane Proof Facilities |
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3. Crew & Operators |
3. Third Party Losses (injuries, collisions, property damage) |
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4. Aggregation of Limits |
4. Claims and Effect on Loss Ratio |
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5. Additional Liability |
5. Surveys & Reinsurance |
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6. Target Loss Ratio, LAE, ULAE Expense Ratios |
6. Development Tails/Trends |
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7. Reinsurance, Excess P&I/P&I Clubs |
7. Case Studies and interactive learning |
The tuition is $330 members, $660 nonmembers. Fee cost includes continental breakfast, lunch, and handouts.
CE Credits: Approved for 6 CE Credits in NY, NJ, MA, and TX for Agents and Brokers license (for in-person attendees only). Also approved for 6 NAMS and SAMS Credits.
On-site Attendees: Tuition includes continental breakfast, lunch, CE credits and materials provided on-site.
Distance Attendees: The course handouts and lecture notes will be mailed out in advance, along with log in codes.
Special Assistance: In Compliance with the American's with Disabilities Act, AIMU will make all reasonable efforts to accommodate persons with disabilities at its meetings. Please call John Miklus at (212) 233-0550
Refunds/Cancellations/Substitutions: Refund requests will be honored if received in writing by 15 days prior to scheduled start date. All refunds will be subject to a processing fee of $25. Cancellations received after the refund deadline, No shows are subject to the full registration fees. Substitutions may be made by notifying the conference registrar in writing or in person at the on-site registration desk.
Program Features: Continental Breakfast; Lunch Handouts; Lecture Notes; Continuing Education Credits
In Compliance with the American's with Disabilities Act, AIMU will make all reasonable efforts to accommodate persons with disabilities at its meetings. Please call John Miklus at (212) 233-0550
Refunds/Cancellations/Substitutions: Refund requests will be honored if received at least 48 hours prior to the scheduled start date. Cancellations received after the refund deadline and "no shows" are subject to the full registration fees. Substitutions may be made by notifying AIMU via email aimu@aimu.org.
AIMU reserves the right to postpone, cancel, or amend a class schedule at any time.
Attendees are not permitted to record, share, copy, or distribute any AIMU education.
Program Features Continental Breakfast Lunch Handouts & Lecture Notes Continuing Education Credits