Marine Insurance

Step into the world of Marine Insurance with The Nautical Institute Academy's two-day online course

Insurance is a crucial element in the risk management process which co-ordinates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources.

The course enables the participant to understand the critical role of insurance in reducing different risks related to marine operations to the level accepted by the stakeholders in the undertaking – in other words the parties who will be exposed to liability if the risk matures.

Aims and objectives

To provide the participant with the opportunity to evaluate the key elements involved in insurance as a risk management option, enabling them to resolve problems by transferring the risk within the context of marine operations.

The aim will be achieved by developing skills which:

  1. Synthesise and appraise information and apply it effectively to legal theory and practice with a view to resolving problem scenarios.
  2. Generate persuasive conclusions or practical solutions to complex problems arising in risk assessment.
  3. Exercise informed critical judgment to reflect upon and evaluate personal objectives and their achievement.

Duration

This course is delivered over two days, totalling six hours of online teaching time and includes a task which is to be completed after day one of the course.

Assessment and certification

At the end of day one of the course candidates will be assigned a task. This must be completed before the stat of day two. Participants are required to present and discuss the verdict/outcome/findings of their own own mini investigation on day two. 

At the end of The Nautical Institute's Marine Insurance course, candidates will receive a Certifiate of Completion.