NEWS & EVENTS
Workshop

Workshop on Project Insurance November 17, 2016 Karachi

A half day workshop on “Project Insurance” was held on November 17, 2016 at the Institutes premises the workshop was conducted by Pakistan Insurance Institute.


Workshop on Knowledge, Skill & Attitude August 30, 2016 Karachi

A half day workshop on “Knowledge, Skill & Attitude” was held on August 30, 2016 at the Institutes premises the workshop was conducted by Pakistan Insurance Institute.


Workshop on Underwriting March 29, 2016 Karachi

A half day workshop on "Underwriting" was held on March 29, 2016 at the Institutes premises the workshop was conducted by Pakistan Insurance Institute.


Workshop on Property & Business Interruption November 25, 2015 Karachi

A half day workshop on Risk Assessment: Property & Business Interruption was held on November 25, 2015 at the Institutes premises, the workshop was conducted by Mr. Ahsan Jamal, Risk Engineer and visiting faculty member Pakistan Insurance Institute.


Workshop on Reinsurance Accounts October 16, 2015 Karachi

Karachi Insurance Institute organized a half day workshop on Reinsurance Accounting Mrs. Achala Nayak, Director, JB Boda & Co conducted the workshop and shared her expertise on a very technical topic that was very well received by the participants. The workshop was held on October 27, 2015 at the Movenpick Hotel.


Workshop on Risk AssessmentProperty & Business Interruption September 16, 2013 Lahore

A workshop on Risk Assessment-Property & Business Interruption was held in Lahore on September 16, 2013 from 2:00 pm to 5:00 pm at the premises of the Lahore Insurance Institute.

The workshop was conducted by Mr. M. Vaqaruddin, faculty member, Pakistan Insurance Institute. The workshop got a very positive response and 47 participants from various insurance companies working in the risk management, underwriting and claims departments attended the workshop.

The workshop started by defining the risk and how important it is for an insurance company to understand the risk. Mr. Vaqaruddin emphasized that the best way to have an idea of the risk is to see it. The objectives of conducting a risk survey were discussed in detail. By using this tool the material facts of the risk are known and therefore assist the underwriter in assessment and rating of the risk.

Following a risk survey / pre risk inspection, the surveyors and underwriters sit together to develop a loss prevention programme for the proposer. Requirements and recommendations are made available to the proposer in order for the proposer to make the risk acceptable to the insurance company and then to continue to improve upon the risk for most competitive rates. The insurance company in turn has adequately assessed and rated the risk.

Thus, it is a win-win situation for both insurer and the insured.

The importance of the use of survey reports and their interpretation was highlighted. Citing examples, the concept and the importance of a standard risk were explained and how any deviation affects the rates and terms of the insurance contract.

Post loss surveys are equally important as these explain the cause of loss and what remedial measures and actions have been taken to prevent it from happening again. Whether corrective actions were taken? At this point insurer decides whether to continue acceptance of the risk and if yes than on what terms.

A comprehensive check list was provided to the participants that may be used at the time of survey so that they may not miss anything while on the premises for survey. Sample survey report was also shared with the participants that comprised of all that was presented in the workshop.

The workshop was very interactive and well received by the participants and the feedback was very positive a difficult concept presented in a very simple manner.


Time / Stress Management

A workshop on the topic of Time / Stress Management was held on October 23, 2012 at the Institutes premises, Mr. Safdar Abbas, Senior Vice President and Ms. Uzma Zaidi, In-house Trainer/Workshop Facilitator of Century Insurance Company conducted the workshop.


Marine Hull Insurance

A half day workshop on the topic of Marine Hull Insurance was held on July 18, 2012 at the Institutes premises, Capt. Asif Naqvi, Master Mariner, Dip CII, Associate AAA (UK) conducted the workshop.

The workshop was highly interactive and a total number of 35 participations were awarded certificate of participation.

 Click here for view the file  
Marine Hull Insurance Presentation


Takaful Principles & Practice

A half day workshop on the topic of Takaful Principles & Practice was held on August 9, 2011 at the Institutes premises Mr. Pervaiz Ahmed, Chief Executive Officer, Pak-Qatar Family Takaful Ltd. conducted the workshop. A total number of 30 participants attended.

 Click here for view the file  
Takaful principals & practices Presentation

Major Compliance under Companies Ordinance 1984

Professionals must comply with a myriad of laws, regulations, and other requirements governing their organization. Securities and Exchange Commission of Pakistan (SECP) is relentlessly aiming to optimize and strengthen the supervisory regime.

Pakistan Insurance Institute is organizing a workshop designed to educate organizations to ensure compliance with the laws and regulations aimed to foster an ethical corporate environment.

A half day workshop on Major Compliance under Companies Ordinance 1984 & was held on October 12, 2010 at the Institutes premises and topics covered by the speakers were as follows:

Major Compliance under Companies Ordinance 1984 for Insurance Companies
Mr. Tariq Hussain
Director (Insurance)
Securities & Exchange Commission of Pakistan

Panelist
Mr. Muhammad Kashif Siddiqee
Joint Director
Mr. Sharick Ather Rehman
Junior Executive
Mr. Jibran Paracha
Junior Executive (SECP)

 Click here for view the file  
Major Compliances under Co1984 and Io2000 Final Presentation
Major Compliances under Co1984
New Solvency Requirements

Taxation Issues with specific reference to recent amendments in Income Tax law related to Insurance Business
A half day workshop on the topic of Taxation Issues with specific reference to recent amendments in Income Tax law related to Insurance Business was held on November 12, 2008. Ms. Yasmeen Saud, General Manager (Finance & Admin) PRCL, Mr. Aslam Ali and Mr. Badaruddin, Additional Commissioners of Income Tax conducted the workshop and answered queries with regard to withholding taxes and e-filling of returns / statements. A total number of 47 participants attended the workshop
The risk of loss of Profits (Business Interruption / Advance Loss of Profits) held on November 26, 2008
A one day workshop on the topic of The risk of loss of Profits (Business Interruption / Advance Loss of Profits) was held on November 26, 2008. The workshop was conducted by Mr. Tinku Johnson, Managing Director, Century Insurance Company.

The workshop covered presentation on loss of profit following fire / machinery breakdown, advance loss of profit following marine / EAR, and risk surveys. Accountancy as well as the statistical tools employed for the cover was discussed in detail.

The workshop was highly interactive as case studies were provided to the participants and they were required to work out of the indemnity payable etc. etc.

Professionals working in the insurance companies, brokers and surveyor firms enthusiastically participated in the workshop.

76 participants who attended the workshop were awarded certificates.

The risk of loss of Profits (Business Interruption Advance Loss of Profit)