Marine Insurance in a Nutshell

Course Introduction

This concise three-hour online course introduces the fundamentals of marine insurance. It provides a clear overview of the market, the risks insured, and the legal framework, making it ideal for those who want a solid grounding without going too deep into technical detail.

Who should attend?

The course is designed for anyone who wants to gain a better understanding of marine insurance—whether you are new to the sector, supporting marine specialists, or looking to broaden your general insurance knowledge. Some familiarity with insurance principles is helpful, but not essential.

Course Objectives

By the end of the session, participants will:

• Understand what qualifies as marine—and where the line blurs with non-marine risks
• Recognise the key risks underwritten in the marine market:
  • Hull and Yacht, Cargo, Marine Liabilities & War and Strikes
• Identify the main buyers and sellers in the market and their global reach
• Appreciate the legal foundations of marine insurance, including:
  • The Marine Insurance Act and basics of shipping and carriage of goods law
• Gain an introduction to key clauses and how they differ across markets
• Explore the roles of experts (pre- and post-loss)
• Understand how claims are handled and the importance of loss prevention

Course Content

• Definition of marine insurance and examples of non-marine risks where the boundary becomes unclear
  • Types of risks underwritten in the marine market:
  • Hull and Yacht insurance
  • Cargo insurance
  • Marine Liability insurance
  • War and Strikes cover
• Overview of main buyers and sellers in the marine insurance market and their global presence
• Legal foundations of marine insurance:
  • The Marine Insurance Act
  • Fundamentals of shipping law and carriage of goods law
• Key clauses used in marine insurance and how they vary across different markets
• Role of experts:
  • Pre-loss experts (e.g. surveyors, risk assessors)
  • Post-loss experts (e.g. adjusters, salvors)
• Marine claims handling process and approaches to loss prevention