WMU Postgraduate Diploma in Marine Insurance

General information

Study the leading university qualification on marine insurance, law, the market and claims. It equips you with the knowledge to better understand the way marine insurance markets function and the terms of the standard covers available.

This Postgraduate Diploma in Marine Insurance will:

  • Boost your ability to address, analyse and solve insurance problems
  • Look at matters from the perspective of assurers or underwriters
  • Advise clients and underwriters on points of principle and policy wordings

This Postgraduate Diploma in Marine Insurance provides students with the opportunity of studying marine insurance at the highest educational level. It equips you with the knowledge to better understand the way marine insurance markets function and the terms of the standard covers available. The teaching and materials are being provided by members of the World Maritime University faculty as well as experts closely associated with Lloyd’s Maritime Academy and the University.

Delivered by distance learning, this programme allows you to gain this qualification without taking time away from your work and other commitments. Materials are available online and tutor support and networking opportunities with your peers are available through the secure and dedicated programme forum. The five detailed study modules cover:

1. Principles of Marine Insurance Law
Introducing the essential features and peculiarities of the law of marine insurance, with particular emphasis on the Marine Insurance Act 1906 as well as an introduction into carriage of goods by sea. It provides a foundation for further in-depth studies of marine insurance which will be provided in later modules.

2. Special Categories of Marine Insurance Cover
A broad overview of all main categories of insurance contracts in the maritime field is provided in this module. It will deal with the basic insurance cover for the maritime property of the ship owner and cargo owner as well as for the protection against other economic risks, such as loss of earnings or loss of the vessel as security for financing purposes.

3. P&I Clubs and Mutual Insurance
An overview and detailed introduction into the world of mutual liability insurance as provided by P&I Clubs. This module will explain how the P&I Clubs came into existence and why they continue, fundamentally, to operate in very much the same way and provide similar cover as in those early days.

4. Marine Reinsurance
Insurance is a way of transferring the economic consequences of a risk to another party, the insurer. Insurers in their turn further transfer and spread the risk to other insurers by reinsurance. In the current economic climate the relationship between primary insurance and reinsurance will be more important than ever for all involved. The specialised area of reinsurance will be comprehensively covered in this module.

5. Claims
The more practical procedures and implications related to filing a claim under a marine insurance policy are described. Claims handling is an issue for both the insured and the insurer regardless of whether the insurance relates to hull or machinery interests, cargo or shipowners’ liability.

Learning outcome:

On successful completion of the course, students will have:

  •  An understanding of the principles of Marine Insurance and the commercial context in which they operate;
  • The ability to analyse practical problems and a capacity for independent study;
  • The ability to apply the knowledge gained to problems that arise in practice
Contact Person: Emma Brown (emma.brown@informa.com)

Content

The highlighted icons, represent the fields of education (in compliance with ISCED Classification) engaged during this course/programme.

0421 - Marine and maritime law

Venue

Venue: Lloyd's Maritime Academy (Contact)
West Byfleet, United Kingdom

Online course

Application


Cost:
  • Book on or before 3rd June 2016: £5050 / $7070 (VAT Exempt)
  • Book after 3rd June 2016: £5450 / $7630 (VAT Exempt)

With your application for enrolment you will need to pay an application fee of £400 / US$560. If your application is successful, this fee will be deducted from the full tuition fee. Should your application for admission to the course be unsuccessful, your application fee will be refunded.
Participants will be billed in either GBP or USD depending on the price option selected on the application form. A GBP invoice will include a EUR price calculated using the exchange rate in force on invoicing. 
Course fees are set for each intake, but we reserve the right to change the course fees at any time.
Participants will be billed in either GBP or USD depending on the price option selected on the application form. A GBP invoice will include a EUR price calculated using the exchange rate in force on invoicing. 
Course fees are set for each intake, but we reserve the right to change the course fees at any time, including the rate of VAT charged. 


Prerequisites:

The course is addressed to:

  • Maritime and insurance personnel who desire to have a formal academic qualification.
  • Relative newcomers in either shipping or insurance aspiring to increase their knowledge.
  • Experienced practitioners needing to deepen their expertise and understanding of the law relating to marine insurance.
  • Senior ship officers requiring to broaden their professional competence and lay the foundations for future careers ashore.

Application Procedure:

Please apply using the online application form.


Grant Opportunities:

Employer sponsorship. Many companies fully or partly sponsor their employees for our courses and actively encourage personal development in line with company priorities. You should start by discussing your training request with your line manager, training manager or human resources manager to enquire about support available. Make sure you have thought through your reasons for wanting to do the course and how it will benefit yourself, your job role and your company.  Employers can be very positive if you have thought through your reasons for undertaking the course and demonstrate the self-discipline and commitment required to gain maximum benefit from a training programme. We are always happy to directly talk to you and your manager to answer any questions about the course. We’re here to help you so please contact us without delay.

Marine Society. The Marine Society is the leading and most experienced not for profit organisation supporting the wellbeing, personal and professional development of seafarers and shore-based maritime professionals. Scholarships as well as interest-free loans may be offered to UK seafarers (officers and ratings domiciled in the UK) to undertake this course. Contact The Marine Society for more information: http://www.marine-society.org/

Qualification

Academic level: Lifelong Learning
Occupations (not validated):
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