Description
About this course
This course provides an overview of event cancellation insurance, covering the basics of what is typically included in a standard policy, exclusions, common add-ons/extensions such as national mourning cover and terrorism coverage, and the rating basis and underwriting information requirements for such policies.
What you will learn
Course Contents
- Introduction to Event Cancellation Insurance
- Definition and Purpose
- Importance of Event Cancellation Insurance
- Coverage Overview
- What is Covered by a Standard Policy
- Event Cancellation
- Postponement
- Abandonment
- Examples of Covered Events
- Limits and Deductibles
- Exclusions and Limitations
- What is Not Covered
- Acts of God
- Contractual Disputes
- Venue Issues
- Common Add-Ons/Extensions
- National Mourning Cover
- Terrorism Coverage
- Communicable Disease Coverage
- Weather-Related Extensions
- Riot/Civil Commotion
- Computer System Failure
- Rating Basis and Underwriting Information Requirements
- Factors Affecting Premium Calculation
- Event Type and Size
- Location
- Historical Claims Data
- Underwriting Process
- Information Gathering
- Risk Assessment
- Policy Issuance
- Future Trends and Emerging Issues
- Evolving Risks in Event Management
- Impact of Technology on Insurance Solutions
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