Some cynics have suggested that the more an underwriter knows the business, the less he or she will be inclined to accept risks and insure. This however, is hardly the way to run a successful insurance business. The essence of underwriting is to assess and accept insurable risks, apply appropriate insurance conditions and charge the appropriate premium. This is just as true for the underwriting of marine and inland transit insurance as it is for other forms of insurance.This course explains the legal terms, concepts, principles and classes of marine insurance. It also explains risk factors, carriers’ liability, marine liability insurance, cargo insurance for marine ventures and inland transit and covers reviewing performance of marine portfolios.
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