Marine Insurance Concepts and Principles Training

Learning Outcomes

• Demonstrate an understanding of the key concepts and principles of marine insurance.
• Apply the legal and regulatory framework governing marine insurance in South Africa.
• Analyze different types of marine insurance policies and their coverage.
• Evaluate risks and determine appropriate insurance solutions for marine cargo and hull.
• Interpret policy terms, conditions, and exclusions in marine insurance contracts.
• Demonstrate knowledge of claims procedures and the role of average adjusters.

Target Audience

This course is intended for insurance professionals, brokers, underwriters, claims handlers, and logistics or maritime industry personnel who require a foundational understanding of marine insurance.

Prerequisites

None — open enrollment. However, basic knowledge of insurance principles is beneficial.

Course Outline

Practicals

Overview

Practical sessions allow learners to apply marine insurance principles through case studies, policy analysis, and claims simulation. These hands-on activities reinforce theoretical knowledge and develop skills in risk assessment, policy interpretation, and claims handling.

Practical Activities

• Policy Analysis and Risk Assessment — Learners examine sample marine insurance policies and identify key clauses, warranties, and exclusions. They then assess a hypothetical cargo shipment and recommend appropriate coverage. (2h)
• General Average Calculation Exercise — Learners work through a general average scenario, calculating contributions from various parties using the York-Antwerp Rules. (2h)
• Claims Simulation: Partial and Total Loss — Learners simulate the claims process for both particular average (partial loss) and actual total loss scenarios. They complete claim forms, gather evidence, and determine indemnity amounts. (2h)
• Fraud Detection Case Study — Learners analyse a suspicious claim scenario, identify red flags, and propose investigation steps. They then present their findings and recommendations. (2h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total

Component	Out of	Weight
Practical Assignments (rubric-scored)	100%	30%
Daily Average (multiple choice)	100%	20%
Final Test (multi-answer multiple choice)	100%	50%
Final Total	—	100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

How it works

• Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
• Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
• You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
• If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.

Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates	Discount
5	3% off
10	6% off
15	9% off
20	12% off
25	15% off
30	18% off
50	30% off
75	35% off
100	40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.