Insurance & Claims Management

Core Course 13 - MBA DMSC Program

Claims Procedures
Risk Assessment
Reinsurance
Legal Compliance
Practical Case Studies
IIT Madras Faculty

This course introduces the principles of insurance and claims in maritime and logistics. Students learn about marine insurance, risk assessment, claims procedures, and reinsurance. The course emphasizes how insurance safeguards businesses against losses in global trade.

Duration:8 weeks

Credits:6 credits

Level:Graduate

Format:Online

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IITMadrasInsuranceRiskMaritime

Why This Course is Essential?

Career Growth

Build expertise in insurance and risk management, a specialized field with excellent prospects.

Risk Protection

Learn how marine insurance protects businesses from financial losses in shipping and logistics.

Claims Management

Master the process of handling insurance claims efficiently and effectively.

Who Should Take This Course?

1. Insurance Professionals and Risk Managers

Insurance professionals specializing in marine and logistics insurance.

2. Ship Owners and Operators

Ship owners and operators needing to understand insurance requirements and claims.

3. Logistics Managers and Supply Chain Professionals

Professionals managing cargo and logistics operations requiring insurance coverage.

4. Maritime Consultants and Legal Professionals

Consultants and lawyers dealing with maritime insurance and claims disputes.

Hours of Content

Modules

Case Studies

IIT Madras

Certificate

Curriculum

Module 1: Introduction

What is Marine Insurance? – Basics of insurance in shipping and logistics.
Role in Risk Management – How insurance reduces business risk.

Module 2: Types of Insurance

Cargo Insurance – Protecting goods in transit.
Hull Insurance – Cover for vessels and assets.

Module 3: Liability Insurance

P&I Clubs – Protection and indemnity coverage.
Third-Party Liability – Coverage for accidents and damages.

Module 4: Claims Procedures

Filing a Claim – Steps to lodge and settle claims.
Documentation – Essential paperwork for claims.

Module 5: Risk Assessment

Risk Identification – Assessing shipping and logistics risks.
Risk Mitigation – Insurance as a safety net.

Module 6: Reinsurance

Global Reinsurance – Sharing risks with reinsurers.
Indian Context – Reinsurance market in India.

Module 7: Legal Aspects

Maritime Laws – Insurance regulations.
International Compliance – Rules for global operations.

Module 8: Case Studies

Cargo Damage – Settlements for damaged shipments.
Ship Accidents – Insurance in shipwreck scenarios.

Course Learning Outcomes

By the end of this course, you will have gained comprehensive knowledge and practical skills in the subject area.

What You'll Master:

Core concepts and theoretical foundations
Practical applications and case studies
Industry best practices and methodologies
Problem-solving and analytical skills

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This Course is Part of the MBA DMSC Program

This course is one of 20 core courses in the MBA in Digital Maritime & Supply Chain Management program at IIT Madras. To take this course, you need to enroll in the complete MBA DMSC program.

Complete Curriculum

20 core courses + 12 electives designed by IIT Madras faculty

IIT Madras Degree

Earn a prestigious MBA degree from India's premier technical institute

Industry Ready

Practical skills and knowledge for maritime and supply chain leadership

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