Author Archive

JOINT EXCESS LOSS CYBER LOSSES CLAUSE (JX2020-007)

JOINT EXCESS LOSS CYBER LOSSES CLAUSE (JX2020-007) 1. Notwithstanding any other term of this Contract save for Clause 2 below, in no case shall this Contract cover loss, damage, liability, or expense directly or indirectly caused by or contributed to by or arising from the use or operation of an Information Technology Device as a means for inflicting ... Full story

LMA5506 Communicable Disease Endorsement (For use on US Errors and Omissions policies)

COMMUNICABLE DISEASE ENDORSEMENT (For use on US Errors & Omissions policies) 1. Notwithstanding any other provision of this policy to the contrary, this policy imposes no duty to defend, and does not cover, any actual or alleged loss, liability, damage, compensation, injury, sickness, disease, death, medical payment, defence cost, cost, expense or any other amount, directly or ... Full story
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LMA5505 Limited Communicable Disease Exclusion No. 3 (Property Treaty Reinsurance – Risk)

LIMITED COMMUNICABLE DISEASE EXCLUSION No. 3 (PROPERTY TREATY REINSURANCE - RISK) 1. Notwithstanding any provision to the contrary within this reinsurance agreement, this reinsurance agreement excludes any loss, damage, liability, claim, cost or expense of whatsoever nature, directly or indirectly caused by, contributed to by, resulting from, arising out of, or in connection with a Communicable Disease ... Full story
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Benarkah konsep “Constructive Total Loss” hanya ada di asuransi marine?

Dalam suatu diskusi virtual (online discussion) yang difasilitasi oleh Ahliasuransi, saya berkesempatan membawakan materi yang membahas isu-isu seputar Notice of Abandonment (NOA) di dalam klaim Constructive Total Loss (CTL) di marine insurance. Beberapa kutipan yang saya sampaikan di materi tersebut adalah bahwa konsep CTL di marine insurance ini unik/spesifik/khas dan tidak ditemukan di asuransi non marine. Misalnya: • “The concept of constructive total loss is peculiar ... Full story
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LMA5427 Political Risk Cyber Endorsement (for use with Political Risk/Political Violence Package Business)

Political Risk Cyber Endorsement (for use with Political Risk/Political Violence Package Business) 1. Subject only to paragraphs 3 and 4 below, in no case shall this insurance cover loss, damage, liability or expense directly or indirectly caused by or contributed to by or arising from the use or operation, as a means for inflicting harm, of any computer, computer system, computer software programme, ... Full story
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LMA5504 Occupational Disease and Cumulative Trauma Endorsement (US Casualty Treaty)

Occupational Disease and Cumulative Trauma Endorsement 1. This reinsurance agreement does not apply to and specifically excludes Occupational Disease and Cumulative Trauma losses unless such losses arise as a result of a sudden and accidental event which takes place in its entirety at a specific location, does not exceed any period of 48 continuous hours in duration, and involves injury, disability or death. For the ... Full story
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LMA5503 Limited Communicable Disease Exclusion No.2 – (Property Treaty Reinsurance)

LIMITED COMMUNICABLE DISEASE EXCLUSION No. 2 (PROPERTY TREATY REINSURANCE) 1. Notwithstanding any provision to the contrary within this reinsurance agreement, this reinsurance agreement excludes any loss, damage, liability, claim, cost or expense of whatsoever nature, directly or indirectly caused by, contributed to by, resulting from, arising out of, or in connection with a Communicable Disease or the ... Full story
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LMA5502 Limited Communicable Disease Exclusion No.1 – (Property Treaty Reinsurance)

LIMITED COMMUNICABLE DISEASE EXCLUSION No. 1 (PROPERTY TREATY REINSURANCE) 1. Notwithstanding any provision to the contrary within this reinsurance agreement, this reinsurance agreement excludes any loss, damage, liability, claim, cost or expense of whatsoever nature, directly or indirectly caused by, contributed to by, resulting from, arising out of, or in connection with a Communicable Disease or the ... Full story
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LMA5501 Political Risk Communicable Disease Exclusion

Political Risk Communicable Disease Exclusion 1. This Policy excludes any loss caused by or arising out of any action taken by a government (as defined in the Policy) in controlling, preventing, suppressing or in any way relating to any actual or suspected Communicable Disease. 2. Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism ... Full story

LMA5500 Infectious or Contagious Disease Exclusion during a PHEIC (for use on consumer and commercial Accident/Accident & illness policies)

Infectious or Contagious Disease Exclusion during a PHEIC (for use on consumer and commercial Accident/ Accident & Illness policies) 1. {Your insurance policy} / {This Insurance} does not cover claims in any way caused by or resulting from an infectious or contagious disease, an outbreak of which has been declared a Public Health Emergency of ... Full story

LMA5399 Communicable Disease Exclusion (Casualty Treaty Reinsurance)

COMMUNICABLE DISEASE EXCLUSION (CASUALTY TREATY REINSURANCE) 1. Notwithstanding any provision to the contrary within this reinsurance agreement, this reinsurance agreement excludes all actual or alleged loss, liability, damage, compensation, injury, sickness, disease, death, medical payment, defence cost, cost, expense or any other amount incurred by or accruing to the reinsured, directly or indirectly and regardless of any other cause contributing concurrently or in any ... Full story
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LMA5398 UK Property – Infectious or Contagious Disease Exclusion

INFECTIOUS OR CONTAGIOUS DISEASE EXCLUSION (for use on UK consumer and commercial property risks) Your Insurance Policy does not / This Insurance does not {delete as applicable} cover any loss, damage, liability, cost or expense, in any way caused by or resulting from: a) infectious or contagious disease; b) any fear or threat of a) above; or c) any action taken to minimise or prevent the impact of ... Full story
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Online Insurance Training & Discussion

Register Now for Online Insurance Training & Discussion Sabtu, 9 Mei 2020, Pukul 14.00-15.30 WIB Masih Perlukah Asuransi Marine Cargo dan Asuransi Marine Hull Membayar Klaim? CLAIM SUBROGATION / RECOVERY Facilitators : NUGRAHA BUDI S, MarE, Dipl. IIMS, S.H., ICAP, FIFAA, ANZIIF (Assoc) CIP Moderators : IMAM MUSJAB, SE, AIIS, AAIK, ANZIIF (Snr Assoc) CIP Investasi : Rp 100.000 Pendaftaran : http://bit.ly/aalcrecovery Senin, 11 Mei ... Full story

4 Tahun AALC Berbuat Baik

4 Tahun AALC Berbuat Baik
#4thAALC ... Full story

Klausul-Klausul Coronavirus atau Communicable Disease

Sebagai respon terhadap merebaknya virus corona (Covid-19), Lloyd's Market Association (LMA) mengeluarkan klausul-klausul coronavirus atau communicable disease untuk dipergunakan pada lini asuransi masing-masing sbb: Recently issued wordings LMA5391  Coronavirus Exclusion LMA5392  Limited Automatic Extension – Prevention of Access to Lloyd’s of London LMA5393  Communicable Disease Endorsement... Full story

JC2020-012 Communicable Disease Exclusion and Sub-Limited Writeback – Cargo

COMMUNICABLE DISEASE EXCLUSION AND SUB-LIMITED WRITEBACK (Cargo) 1. Notwithstanding any provision to the contrary within this insurance, this insurance does not insure any loss, damage, liability, claim, cost or expense of whatsoever nature, caused by, contributed to by, resulting from, arising out of, or in connection with a Communicable Disease or the fear or threat (whether actual ... Full story

JC2020-011 Communicable Disease Exclusion – Cargo

COMMUNICABLE DISEASE EXCLUSION (Cargo) 1. Notwithstanding any provision to the contrary within this insurance, this insurance does not insure any loss, damage, liability, claim, cost or expense of whatsoever nature caused by, contributed to by, resulting from, arising out of, or in connection with a Communicable Disease or the fear or threat (whether actual or perceived) of ... Full story

JR2020-016 JRC Communicable Disease Endorsement

JRC Communicable Disease Endorsement (For use on energy policies) 1. Notwithstanding any provision to the contrary within this insurance, this insurance does not insure any loss, damage, liability, claim, cost, expense or other sum caused by a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease. 2. For ... Full story

LMA5397 Communicable Disease Exclusion (For use on power generation, construction and engineering policies)

COMMUNICABLE DISEASE EXCLUSION (For use on power generation, construction and engineering policies) 1. Notwithstanding any provision to the contrary within this insurance, this insurance does not insure any loss, damage, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of, or in connection with a Communicable Disease ... Full story

LMA5396 Communicable Disease Exclusion (For use on liability policies)

COMMUNICABLE DISEASE EXCLUSION (For use on liability policies) 1. Notwithstanding any provision to the contrary within this policy, this policy does not cover all actual or alleged loss, liability, damage, compensation, injury, sickness, disease, death, medical payment, defence cost, cost, expense or any other amount, directly or indirectly and regardless of any other cause contributing concurrently or in any sequence, originating from, caused by, arising out of, ... Full story

Risk Management Guidance on Unoccupied Premises during Covid-19 Pandemic

Pedoman Manajemen Risiko untuk Bangunan yang ditutup selama Pandemi Covid-19 Banyak pertanyaan mengenai apa yang harus dilakukan jika menerima pemberitahuan dari klien sehubungan dengan penutupan bangunan kantor, mal, pabrik atau tempat usaha selama Pandemi Covid-19 Jika bangunan ditutup sementara atau berhenti beroperasi, terdapat peningkatan risiko yang mungkin terjadi akibat tidak adanya pemeliharaan dan penjagaan yang rutin dilakukan sebagaimana biasanya. Namun ... Full story

LMA5395 Coronavirus Exclusion (for use on marine and energy liability policies)

CORONAVIRUS EXCLUSION (for use on marine and energy liability policies) This clause shall be paramount and shall override anything contained in this insurance inconsistent therewith. This insurance excludes coverage for: 1) any loss, damage, liability, cost, or expense directly arising from the transmission or alleged transmission of: a) Coronavirus disease (COVID-19); b) Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2); or c) any mutation or variation of SARS-CoV-2; or from any fear or threat of ... Full story

New Bulk Oil Clauses (2019)

Further to revisions of other clauses, the Joint Cargo Committee has now drafted a new set of Bulk Oil Clauses and Storage Clauses which, following broker consultation, are available for immediate use, as appropriate. CL433 Institute Bulk Oil Clauses/All Risks + Guaranteed Outturn 01/08/2019 CL434 Institute Bulk Oil Clauses - All Risks 01/08/2019 CL435 Liquid Cargo Storage Extension Clause 01/08/2019... Full story

LMA5394 COMMUNICABLE DISEASE EXCLUSION (PROPERTY TREATY REINSURANCE)

1. Notwithstanding any provision to the contrary within this reinsurance agreement, this reinsurance agreement excludes any loss, damage, liability, claim, cost or expense of whatsoever nature, directly or indirectly caused by, contributed to by, resulting from, arising out of, or in connection with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease regardless of ... Full story

LMA5393 COMMUNICABLE DISEASE ENDORSEMENT

COMMUNICABLE DISEASE ENDORSEMENT (For use on property policies) 1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or ... Full story

LMA5391 CORONAVIRUS EXCLUSION

Your Insurance Policy does not / This Insurance does not {delete as applicable} cover any claim in any way caused by or resulting from: a) Coronavirus disease (COVID-19); b) Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2); c) any mutation or variation of SARS-CoV-2; d) any fear or threat of a), b) or c) above. LMA5391 04 March ... Full story

Is Coronavirus Covered by Workers’ Compensation or Employers’ Liability Insurances?

Apakah Polis Asuransi Jaminan Kecelakaan Kerja (Workers’ Compensation Insurance) atau Tanggung Jawab Hukum Majikan (Employers’ Liability Insurance) Menjamin Klaim Akibat Virus Corona? Penjelasan detail dalam format pdf dapat di download di sini : WCoronavirus Penyakit koronavirus 2019 (bahasa Inggris: coronavirus disease 2019, disingkat COVID-19) adalah penyakit menular yang disebabkan oleh ... Full story

Infectious or Contagious Diseases Exclusion Clause

This Policy does not cover Liability or Loss or Damage or Cost or Expense arising directly or indirectly caused by or arising out of, contributed to or aggravated by Severe Acute Respiratory Syndrome (SARS), Coronavirus (COVID-19), H5N1, H1n1, and any mutation of H5N1 and all other infectious or human contagious diseases. Klausul Pengecualian Wabah Penyakit Infeksi atau Penyakit Menular Polis ini ... Full story

Will Business Interruption Insurance Provide Coverage for Coronavirus Losses?

Apakah Polis Asuransi Gangguan Usaha Menjamin Kerugian akibat Virus Corona? Penjelasan lengkap dapat didownload di sini : BI Coronavirus Masyarakat dunia dibuat panik dengan merebaknya virus corona (COVID-19), ratusan ribu orang terinfeksi, ribuan orang meninggal dan sudah menyebar ke ratusan negara. Ditetapkannya virus Corona atau COVID-19 ... Full story

CONTRACTUAL AGREEMENTS

Where in the ordinary course of business the Insured enters into a contractual agreement which provides that the Insured shall indemnify and/or hold harmless and/or release from liability another party in respect of loss, destruction or damage which may occur as the result of any cause or event insured against by this Policy, this insurance shall not be prejudiced by the ... Full story

PREMIUM ADJUSTMENTS

The Insured shall at the commencement of each Period of Insurance provide as soon as practicable to the Insurer(s) a Schedule setting out in detail, and which the Insured warrants is to the best of its knowledge and belief: a) the cost of reinstatement or indemnity value at the time of all insured property according to the basis ... Full story

SUBROGATION WAIVER

The Insurer agrees to waive any rights and remedies or relief to which it/they may become entitled by subrogation against: (a) any corporation or organisation (including its directors, officers, employees or servants) owned or controlled by any Insured named herein or subsidiary to any Insured named herein or any co-owner of the Property Insured hereunder;... Full story

EVENT

All loss or damage caused by earthquake, flood, storm, riots, strikes or civil commotion, and occurring during any one period of 72 consecutive hours commencing during the period of insurance, shall be deemed to have been caused by a single event commencing on the first happening of loss or damage. Full story

AMOUNT OF POLICY NOT REDUCED BY LOSS

The insurance under each section and/or item of this Policy and the Indemnity Period shall be automatically reinstated in the event of any loss in consideration of the payment by the Insured of a pro-rata additional premium calculated on the amount of the loss settlement at the rates agreed for the Period of Insurance. Full story

TRADE EXHIBITIONS

Loss as insured by this Policy resulting from interruption of or interference with the Business owing to the curtailment of any trade exhibition in consequence of damage at such situation(s) and/or to property exhibited therein by the Insured shall be deemed to be loss resulting from Damage to property used by the Insured at the Premises for the purpose of the ... Full story

ROYALTIES RECEIVABLE

Loss of royalties receivable in consequence of Damage to property at the specified premises anywhere in the world of any company, firm or person identified in the Schedule against ‘Royalties Receivable’ shall, subject to the Sub-Limit stated in the Schedule, be deemed to be loss resulting from Damage to property used by the Insured at the Insured Premises for the purpose ... Full story

GOVERNMENT INCENTIVE

The definition of ‘Turnover’ is extended to include financial incentives or concessions granted to the Insured by any Australian or state government department in recognition of specific performance in the development of market opportunities or employment of disadvantaged persons. Full story

ACCOUNTS RECEIVABLE

The insurance under this Memorandum is limited to the loss sustained by the Insured in respect of all outstanding debit balances provided the Insured is unable to effect collection thereof as the direct result of Damage to records of accounts receivable by a peril not excluded by this Policy. In addition, the Insurer will pay:... Full story

REGISTERED VEHICLES &/OR TRAILERS

Notwithstanding the provisions of Property Exclusion 5, this Policy extends to include loss resulting from interruption of or interference with the Business occasioned by Damage to registered vehicles &/or trailers whilst such vehicles or trailers are at the Premises owned or occupied by the Insured; provided always that this Policy does not cover loss resulting from physical loss, destruction of or ... Full story

INFECTIOUS OR CONTAGIOUS DISEASES, VERMIN, PESTS OR DEFECTIVE SANITARY ARRANGEMENTS; FOOD OR DRINK POISONING; MURDER, SUICIDE

Loss as insured by the Policy resulting from interruption of or interference with the Business directly or indirectly arising from: (a) Infectious or contagious disease manifested by any person whilst at the Premises; (b) Closure or evacuation of the whole or part of the Premises by order of a competent public Authority consequent upon vermin ... Full story

UNSPECIFIED SUPPLIERS’ &/OR CUSTOMERS’ PREMISES (FIXED LIMIT)

Loss resulting from interruption of or interference with the business in consequence of Damage to property at the premises, anywhere in Australia, of any producer or merchant (or in the vicinity of such premises, which prevents or hinders the use of or access to such premises) shall be deemed to be loss resulting from Damage to property used by the Insured ... Full story

PREMISES IN THE VICINITY (PREVENTION OF ACCESS)

Loss as Insured by this Policy resulting from interruption of or interference with the Business in consequence of damage to property in the vicinity of the Premises caused by a peril, damage as a result of which is insured hereunder, which shall prevent or hinder the use thereof or access thereto, whether the Premises or property of the Insured therein shall ... Full story

SALVAGE SALE

If, following Damage giving rise to a claim under this Policy, the Insured shall hold a salvage sale during the Indemnity Period: (i) Clause (a) of Item 1 of this Section shall, for the purpose of such claim, read as follows: (a) In respect of Reduction in Turnover the sum produced by applying the ... Full story

COMPUTER

This Policy extends to include loss (not otherwise recoverable) resulting from interruption of or interference with the Business occasioned by Damage to computer installations, including ancillary equipment and data processing media utilised by the Insured anywhere in Australia. Full story

TURNOVER/OUTPUT ALTERNATIVE

At the option of the Insured the term 'Output' may be substituted for the term 'Turnover' and, for the purpose of this Policy, 'Output' shall mean the sale and/or invoice value of goods manufactured and/or processed by the Insured in course of the Business at the Premises. Provided that only one such meaning shall be operative in connection with any one ... Full story

PUBLIC UTILITIES EXTENSION

Any loss resulting from interruption of or interference with the Business in consequence of damage (as herein defined) to property either at or away from the premises, belonging to or under the control of suppliers of electricity, communication services, power, gas, steam, water or sewerage reticulation control systems shall be deemed to be loss resulting from Damage to Property used by ... Full story

BOOKS OF ACCOUNT

Any particulars or details contained in the Insured's books of account or other business books or documents which may be required by the Insurer for the purpose of investigating or verifying any claim hereunder may be produced and certified by the Insured's auditors and their certificate shall be prima facie evidence of the particulars and details to which such certificate relates.... Full story

ACCUMULATED STOCKS

In adjusting any loss, account shall be taken and equitable allowance made if any Shortage in Turnover due to the Damage is postponed by reason of the Turnover being temporarily maintained from accumulated stocks of finished goods. Full story

NEW BUSINESS

In the event of Damage occurring at the Premises before the completion of the first year's trading of the Business the terms 'Rate of Gross Profit', 'Standard Turnover' and 'Rate of Pay-Roll' shall bear the following meanings and not as within stated: - Rate of Gross Profit: The rate of Gross Profit earned on Turnover during the period between the date of ... Full story

DEPARTMENTAL CLAUSE

If the Business be conducted in departments the independent trading results of which are ascertainable the provisions of clauses (a) and (b) of Item Nos. 1 and 3 shall apply separately to each department affected by the Damage. Full story

TURNOVER ELSEWHERE AFTER DAMAGE

If during the Indemnity Period goods shall be sold or services shall be rendered elsewhere than at the Premises for the benefit of the Business either by the Insured or by the others on the Insured's behalf, the money paid or payable in respect of such sales or services shall be brought into account in arriving at the Turnover during the ... Full story

LANDSCAPING

Notwithstanding Property Exclusions 7 and 8, the Property Insured and Basis of Settlement Clause (a) are extended to include landscaping, which term includes: trees, shrubs, plants (not intended for commercial purposes), lawns, garden plots, rockwork, paving and ornamentation pertaining thereto. Provided that cover provided under this clause shall not exceed any sub-limit if expressed in the Schedule. Full story

CONSTRUCTIVE TOTAL LOSS

Where any property insured hereunder, or any part thereof, is reasonably abandoned: (a) on account of its actual total loss or destruction appearing to be unavoidable; or (b) because it could not be preserved from actual total loss or destruction without the Insured incurring an expenditure which would exceed its repaired and/or recovered value;... Full story

FUSION

Notwithstanding anything contained in Property Exclusion 15 to the contrary, this Policy extends to indemnify the Insured against physical loss, destruction of or damage to any part or parts of the electrical, electro-mechanical and electronic machines, switchboards, installations or apparatus forming part of the Property Insured (excluding rectifiers, radio, television or amplifying equipment of any description) caused by the actual burning ... Full story

DEPRECIATION OF PROPERTY INSURED AND UNDAMAGED STOCK

This Policy extends to include loss sustained by the Insured as the result of; (a) depreciation of undamaged stock which cannot be processed promptly due to interruption of, or interference with, the Business in consequence of damage to. Property Insured. Provided that such loss shall not exceed any sub-limit as expressed in the Schedule. (b) ... Full story

EXPEDITING EXPENSES

This Policy extends to include costs and expenses reasonably incurred by the Insured for express carriage rates and extra payments for overtime, night, Sunday or holiday working incurred in connection with the repair or reinstatement of the Property Insured directly or indirectly arising from an event insured by the Policy provided that such expediting expenses shall not exceed fifty (50%) per ... Full story

OUTSIDE PREMISES STORAGE

Where the Insured enters into a contract for storage of goods and/or merchandise and the terms of such contract contain a disclaimer clause in favour of the bailee then the insurance herein shall not be prejudiced by the Insured agreeing to such terms. Full story

LEASED BUILDINGS

Where the Insured (as Lessee) enters or has entered into any lease agreement which contains any covenants or provisions that the Lessee shall be responsible for reinstatement of any parts of the premises following damage thereto by any cause or event insured against by this Policy, and/or the Lessee shall indemnify and/or hold harmless and/or release from liability the Lessor against ... Full story

REINSTATEMENT OF DAMAGE BY THE INSURED

In the event of any claim hereunder the Insured may, with the consent of the Insurer, reinstate damaged Property Insured and the Insurer shall pay the cost of such reinstatement (including the value of labour and other overhead charges expended thereon together with a margin for profit which would otherwise have been earned by the Insured); provided always that the liability ... Full story

UNDAMAGED BUILDINGS

In the event of any buildings insured hereunder being damaged and due to the exercising of statutory powers and/or delegated legislation and/or authority by any Government Department, Local Government or other Statutory Authority reinstatement of such buildings has to be carried out upon any other site then the abandoned undamaged portions of such buildings will be considered as being destroyed; provided ... Full story

UNDAMAGED FOUNDATIONS

Where any Property Insured hereunder is damaged but the foundations thereof are undamaged and due to the exercising of statutory powers and/or delegated legislation and/or authority by any Government Department, Local Government or other Statutory Authority reinstatement of the damaged property has to be carried out upon any other site then the abandoned foundations will be considered as being destroyed; provided ... Full story

OUTPUT REPLACEMENT

If any interest insured under this Policy constitutes property which has a measurable output and which is capable of replacement with a new item or items which perform a similar function then such property shall be valued for insurance purposes as follows, and values for the settlement of any damage in respect thereof shall be on the same basis:... Full story

FIRE BRIGADE ATTENDANCE CHARGES

Subject to the liability of the Insurer not being increased beyond the Limits of Liability stated herein, Section A of this Policy extends to include the Insured’s statutory liability to pay fire brigade attendance charges where the amount of any damage (not otherwise excluded by this Policy) falls within the amount of any applicable Deductible. The amount payable ... Full story

DESIGNATION

For the purpose of ascertaining the classification under which any property is insured the Insurer agrees to accept the designation applied to such property by the Insured in their records. Full story

DESTRUCTION OF SOUND PROPERTY

The Insurer agrees to pay to the Insured the costs of destruction, demolition and restoration of sound property where such destruction or demolition is necessary for reinstatement or repair consequent upon destruction or damage to the Property Insured. Where the Insurer and Insured cannot agree upon the necessity for such reinstatement or repair, an independent qualified engineer will ... Full story

ACQUIRED COMPANIES

The Policy extends to include property in Australia (to the extent that such property is not otherwise insured) belonging to Companies and/or other entities purchased or otherwise acquired and/or over which the Insured acquires direct or indirect managerial control and/or responsibility to arrange insurance during the currency of this Policy. Provided always that the business of the new acquisition shall be similar to ... Full story

LOSS OF LAND VALUE

(a) In the event of the absolute refusal by the competent local or Government authority to allow the reconstruction of the premises following destruction or damage the Insurer shall pay by way of indemnity the difference between the Land Value before and after the destruction or damage; or (b) In the event of the competent local or Government authority allowing partial reconstruction ... Full story

FLOOR SPACE RATIO INDEX (PLOT RATIO)

In the event of the buildings being damaged so as to constitute total loss or constructive total loss and, (as a result of the exercise of statutory powers and/or authority by any Government Department, Local Government or any other Statutory Authority), reinstatement of the building as before is prohibited and reinstatement is only permissible subject to a reduced Floor Space Ratio Index.... Full story

ADDITIONAL EXTRA COST OF REINSTATEMENT

ADDITIONAL EXTRA COST OF REINSTATEMENT (APPLICABLE TO BUILDINGS, MACHINERY, PLANT AND CONTENTS; OTHER THAN STOCKS) This Policy extends to cover the additional extra cost of reinstatement (including the demolition or dismantling of any part of damaged Property Insured, necessarily incurred by the Insured, to comply with the requirements of any Act of Parliament or Regulation made thereunder or any By-Law or Regulation of ... Full story

EXTRA COST OF REINSTATEMENT

EXTRA COST OF REINSTATEMENT (APPLICABLE TO BUILDINGS, MACHINERY, PLANT AND CONTENTS; OTHER THAN STOCKS) This Policy extends to include the extra cost of reinstatement (including demolition or dismantling) of damaged property necessarily incurred to comply with the requirements of any Act of Parliament or Regulation made thereunder or any By-Law or Regulation of any Municipal or other Statutory ... Full story

BRANDED GOODS

In the assessment of any claim for branded goods and/or merchandise covered by this Policy, it is hereby expressly declared and agreed that: Goods damaged or suspected of being damaged by any cause or event not herein excluded (hereinafter referred to as salvaged goods) shall not be disposed of by sale or otherwise without the written consent of ... Full story

INTERESTS OF OTHER PARTIES

This Policy extends to indemnify any other party having an interest in the Property Insured by virtue of and in accordance with the terms of any mortgage, lease, hiring or rental agreement or any other form of financial or equity agreement and it is understood and agreed that the receipt(s) of any such parties for any claims settlements under this Policy ... Full story

Survey on Board the Ship

Survey on Board the Ship
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Warranted no nickel to be carried

There shall be no cover under this policy in respect of any liabilities, costs or expenses which arise by reason of the use of the Insured Vessel(s) for the carriage of nickel. Warranti / persyaratan tidak mengangkut nikel Tidak ada jaminan berdasarkan polis ini sehubungan dengan tanggung jawab hukum, biaya atau beban yang timbul akibat penggunaan Kapal yang Dipertanggungkan untuk pengangkutan nikel. Full story

Warranted no logs to be carried

There shall be no cover under this policy in respect of any liabilities, costs or expenses which arise by reason of the use of the Insured Vessel(s) for the carriage of logs. Warranti / persyaratan tidak mengangkut kayu gelondongan (logs) Tidak ada jaminan berdasarkan polis ini sehubungan dengan tanggung jawab hukum, biaya atau beban yang timbul akibat penggunaan Kapal yang Dipertanggungkan untuk pengangkutan kayu gelondongan. Full story

Warranted vessels(s) BKI classed and class maintained

Warranted vessels(s) BKI classed and class maintained. There shall be no cover under this policy in respect of any liabilities, costs or expenses which arise by reason of the use of the Insured Vessel(s) that is not BKI classed and class maintained. Warranti / persyaratan kapal harus klas BKI dan klas maintain Warranti / persyaratan kapal harus klas BKI dan klas maintain. Tidak ada jaminan ... Full story

Warranted trading within Indonesian waters

Warranted trading within Indonesian waters. There shall be no cover under this policy in respect of any liabilities, costs or expenses which arise by reason of the use of the Insured Vessel(s) trading outside Indonesian waters. Warranti / persyaratan penggunaan kapal di wilayah perairan Indonesia Warranti / persyaratan penggunaan kapal di wilayah perairan Indonesia saja. Tidak ada jaminan berdasarkan polis ini sehubungan dengan tanggung jawab ... Full story

2020 Training Directory – Schedule Training 2020

HAPPY NEW YEAR 2020 FROM AHLIASURANSI LEARNING CENTER (AALC) The team at AALC would like to thank you for your support in 2020. We look forward to another year of providing you with opportunities for you to stay up to date and develop your career in 2020. We wish you and your family best wishes for a safe and happy new ... Full story

Liability Exclusions

Liability Exclusions Offshore Risks This Policy does not cover Personal Injury or Property Damage or Advertising Liability or any other loss, cost or expense arising directly or indirectly from or caused by, contributed to by or arising from Work performed on offshore gas and oil platforms Absolute Asbestos and Silica This Policy does not cover Any actual or alleged liability whatsoever for any claim or claims in respect of ... Full story

Surat Edaran Otoritas Jasa Keuangan Nomor 27/SEOJK.05/2017 tentang Pedoman Pembentukan Cadangan Teknis bagi Perusahaan Asuransi dan Perusahaan Reasuransi.

Surat Edaran Otoritas Jasa Keuangan Nomor 27/SEOJK.05/2017 13 JUNI 2017 ​SAL LAMPIRAN SEOJK 27 - CADANGAN TEKNIS PA PR.PDFSAL SEOJK 27 - CADANGAN TEKNIS PA PR.PDF Surat Edaran Otoritas Jasa Keuangan Nomor 27/SEOJK.05/2017 tentang Pedoman Pembentukan Cadangan Teknis bagi Perusahaan Asuransi dan Perusahaan Reasuransi. Full story
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Produk Surety Bond dan Asuransi Kredit : Apakah perusahan asuransi umum dapat menjual produk Surety Bond dan Asuransi Kredit paska pemberlakukan Undang-Undang Nomor 1 Tahun 2016 tentang Penjaminan?

Subject: SE-34: Produk Surety Bond dan Asuransi Kredit Kepada Yth, Bapak dan Ibu Liaison Officer Perusahaan Asuransi Umum & Reasuransi Anggota AAUI Rapat Umum Anggota (RUA) AAUI  tanggal 22 Maret 2019 telah membahas posisi industri asuransi umum serta sikap AAUI sehubungan dengan pemberlakukan Undang-Undang Nomor 1 Tahun 2016 tentang Penjaminan, dimana regulasi tersebut menimbulkan pertanyaan terkait dengan eksistensi produk Suretyship dan Asuransi Kredit yang selama ini ... Full story

Penjarahan yang terjadi pasca gempa bumi di Palu dan Donggala, apakah dijamin oleh asuransi?

SE-38 : Penjarahan yang Terjadi Pasca Gempa Bumi di Palu dan Donggala Kepada Yth, Bapak dan Ibu Liaison Officer Perusahaan Asuransi Umum & Reasuransi Anggota AAUI Kasus penjarahan pasca kejadian gempa bumi di daerah Palu, Donggala dan sekitarnya yang terjadi pada bulan September/Oktober 2018 menimbulkan penafsiran yang berbeda-beda dalam penanganan klaim dikalangan pelaku ... Full story

Lampiran Penjelasan Polis Standar Asuransi Kendaraan Bermotor Indonesia (PSAKBI)

SE-33 Penjelasan Polis Standar Asuransi Kendaraan Bermotor Indonesia (PSAKBI) - Tgl 29 Maret 2019 Kepada Yth, Bapak dan Ibu LO Perusahaan Asuransi Umum & Reasuransi Anggota AAUI Sebagaimana diketahui bersama bahwa PSAKBI telah mengalami beberapa kali perubahan dan terakhir diubah pada tahun 2016 dengan tujuan penyempurnaan isi polis untuk meminimalisir potensi dispute. Namun ... Full story
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Ujian Kompetensi Underwriters (Certified Underwriter)

Menjadi underwriters tentu harus memiliki kompetensi untuk : Menganalisa risiko yang dibawa oleh klien, agen atau broker Memutuskan apakah dapat menerima risiko tersebut dan seberapa besar Menetapkan persyaratan, kondisi dan jaminan yang diberikan Menghitung premi yang cukup untuk risiko tersebut Yook buktikan kompetensi Anda sebagai Underwriters dengan mengikuti Ujian Kompetensi Underwriters (Certified Underwriter) yang ... Full story

Schedule Training Asuransi 2019

Whether you’re interested in developing your own career or you have responsibility for the training needs of others, you’ll find everything you need in this directory to build your training course programme with us. Schedule Training Asuransi 2019 - Download di sini Schedule Training ... Full story

Ujian ANZIIF Affiliate, ANZIIF Associate and ANZIIF Senior Associate CIPs

Don't Miss Out!! Ujian Jakarta : Brosur dan Formulir Pendaftaran Ujian Surabaya : Brosur dan Formulir Pendafataran Ujian Medan : Brosur dan Formulir Pendafataran   ANZIIF & AALC menyelenggarakan training tutorial dan Ujian ANZIIF Affiliate, ANZIIF Associate and ANZIIF Senior Associate CIPs 1. ANZIIF Affiliate CIP ... Full story

Daftar Perusahaan Pialang Asuransi dan Perusahaan Penilai Kerugian Asuransi

Daftar Perusahaan Pialang Asuransi dan Perusahaan Penilai Kerugian Asuransi dapat dilihat di website OJK www.ojk.go.id atau dengan mengakses link berikut: Direktori AsuransiDirektori Perusahaan Penilai Kerugian Asuransi   Direktori Perusahaan Pialang Reasuransi   Direktori Perusahaan Pialang Asuransi   OJK mengimbau masyarakat agar ... Full story

AHLIASURANSI SALVAGE MANAGEMENT

AHLIASURANSI SALVAGE MANAGEMENT
Untuk urusan salvage klaim asuransi kapal, kebakaran, kargo, alat berat dan barang-barang lainnya serahkan kepada kami :  AHLIASURANSI SALVAGE MANAGEMENT Kami SURVEY ke lokasi Kami OFFER harga tinggi THAT’S IT AS IT IS   --    Hubungi kami,   Imam Musjab AHLIASURANSI SALVAGE MANAGEMENT Tel : +628128079130 salvage@ahliasuransi.com... Full story

AHLIASURANSI LAWYERS CLUB (AALC)

AHLIASURANSI LAWYERS CLUB (AALC)
For Insurers: If you have had an insurance claim disputes, recovery actions, subrogations have not been paid in full, or if you’re having difficulty with your clients or frauds, AHLIASURANSI Lawyers Club (AALC) can help you. Untuk Perusahaan Asuransi: Jika Anda mempunyai masalah klaim, recovery atau subrogasi klaim Anda belum dibayar penuh, atau jika Anda mengalami kesulitan dengan klien Anda ... Full story

Academy of General Insurance (Basic Training) “How to become a prudent insurance practitioner?

ACADEMY OF GENERAL INSURANCE HOW TO BECOME A PRUDENT INSURANCE PRACTITIONER? You should learn and understand : RISK MANAGEMENT POLICY & INSURANCE DOCUMENTATION PRINCIPLES & PRACTICE OF INSURANCE UNDERWRITING & RATING GENERAL INSURANCE PRODUCTS REINSURANCE CLAIMS HANDLING OJK REGULATION UPDATES 15 ANZIIF CIP Points Dilengkapi dengan ... Full story

Bedah Polis dan Klaim Asuransi Kapal

UNDERSTANDING HULL & MACHINERY (H&M) INSURANCE (Coverage & Claims Issues) Bedah Polis dan Klaim Asuransi Kapal Saturday, 27 October 2018 @Ayana MidPlaza Hotel, Jakarta Facilitator : BAYU SAMUDRO, SE, AAIK, ICPU, ICMarU, ICEU, ICLiU, ICMoU, QIP, ANZIIF (Snr Assoc) CIP Claimable : 6 ANZIIF CIP Points Syllabus dan Formulir Pendaftaran, Klik di sini... Full story

ANZIIF Associate CIP

ANZIIF Associate CIP
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Best Practice of Claim : Property & Construction

Best Practice of Claim : Property & Construction Klaim Asuransi Harta Benda (Property) & Asuransi Konstruksi (CAR/EAR) disertai dengan bedah kasus, investigasi, perhitungan klaim & permasalahannya Tgl : 8-9 October 2018 @Ayana MidPlaza Hotel, Jakarta Facilitator : TATA SUNANTA GUNAWAN, Chartered Loss Adjuster, Ir, ACII, ACLA, ICAP, FIFAA, ANZIIF (Snr Assoc) CIP Level : Intermediate Scope : ... Full story

Manajemen Risiko Perusahaan Asuransi (Risk Management for Insurance Companies)

Manajemen Risiko Perusahaan Asuransi (Risk Management for Insurance Companies) 28 September 2018 @Ayana MidPlaza Hotel, Jakarta Facilitator : Michael Halim, ST, MAppFin, FAII, AAAIK, PRMTM, ANZIIF (Fellow) CIP Level Intermediate Level (Dalam Bahasa Indonesia) Programme Outline (Syllabus) Risks classification •Inherent risks in an insurance company •The nature of risk •Role of risk management Insurance ... Full story

Preparing Non-life Treaty Renewal: Designing treaty program that suits your strategy and portfolio

Preparing Non-life Treaty Renewal: Designing treaty program that suits your strategy and portfolio 26-27 September 2018 @Ayana MidPlaza Hotel, Jakarta Facilitator : Delil Khairat, S.Si, MBA, ACII, AAAIK, FIIS Level Intermediate (dalam bahasa Indonesia) Syllabus dan Formulir Pendaftaran : klik di sini Scope : Practical knowledge Objective • To understand how various ... Full story

Engineering and Construction Techniques and Technology 101 for Non-Engineers

Engineering and Construction Techniques and Technology 101 for Non-Engineers (with Risk and Insurance focus) 5-6 September 2018 @Ayana MidPlaza Hotel, Jakarta Facilitator : Ir. Pooba Mahalingam, B.Eng (Hons), P.Eng, MIEM, MCIHT, AICLA(aff), ASII, ACTA Dalam bahasa Inggris dan bahasa Indonesia Syllabus dan Formulir Pendaftaran klik di sini Programme Highlights This is a ... Full story

Risiko berdampingan (adjacent risk), Risiko berbatasan (adjoining risk) dan Risiko multi okupasi

Risiko berdampingan (adjacent risk) Risiko berdampingan adalah dua risiko atau dua bangunan atau lebih yang saling berdampingan / berdekatan dan mempunyai atap masing-masing, dengan dipisahkan oleh jarak. Dengan demikian risiko-risiko / bangunan bangunan yang bersangkutan tidak saling menempel atau tidak saling bersatu. Pengertian jarak adalah garis lurus terpendek yang menghubungkan tepi bagian paling luar dari setiap bangunan yang saling berdampingan. Pada ... Full story

How to underwrite property risk?

Bagaimana meng-underwrite risiko asuransi harta benda? Underwriting is not about pricing. Underwriting is a risk selection. Price will not make a poor risk become a good risk. How to Underwrite is how to select a good quality risk with appropriate terms and conditions The policy terms and pricing for a risk will be a reflection of your underwriting judgement on the ... Full story

Gudang pribadi v gudang umum dalam kode okupasi asuransi kebakaran

Banyak perdebatan apakah suatu risiko masuk kategori gudang pribadi (private warehouse) atau gudang umum (public warehouse)? karena eksposure risikonya terutama terhadap bahaya kebakaran dan pencurian sangat tinggi maka gudang umum dikenakan tarip jauh lebih besar. Pada pertemuan para underwriting, dibahas mengenai apa yang dimaksud dengan "gudang pribadi" yaitu: Mengenai Kepemilikan Bangunan / Gudang Bangunan / Gudang yang bersangkutan adalah ... Full story

Trade Credit Insurance

Trade Credit Insurance The Key to Successful Credit Risk Mitigation and Enhancing your Client’s Credit Management to safely grow their Business 18-19 July 2018 @Ayana MidPlaza Hotel, Jakarta Hadir kembali Tgl : 24-25 September 2018 @Ayana MidPlaza Hotel, Jakarta Facilitators: Ir. R. Ricky S. Natapradja, APAI, CIIB, ANZIIF (Snr Assoc.), CIP. Assoc. I.E. Aust., ... Full story
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