Date: (because the Covid-19 outbreak, classroom training has been postponed until 2021)
The Surety Foundation Training Seminar is a two-day in-depth basic level training seminar in Surety for professionals from inside and outside the Surety industry.
Learning Objectives
- Understanding the Surety business in general
- Analysis of the Surety markets worldwide, market characteristics and market trends
- Underwriting the clients
- Objectives and assessment of client and job site visits
- Risk management in good times and bad times
- Bond types, bond forms, contract bonds and non-contract bonds
- Underwriting bonds and guarantees
- Fronting
- Risk management policy in general
- Reinsurance, co-insurance, capacity and retention
- Early warning signs and reasons for companies to fail
- Surety bond claims, claims handling and claims experience
Prior Knowledge
The training seminar includes especially team exercises, case studies and in-depth discussions. Participants are asked to prepare for the training seminar by reading the provided documents and may be asked to prepare case studies in advance of the seminar. The preparation time is estimated to be about 4 hours.
The seminar is open to participants with limited experience in the trade credit insurance industry. Persons working in related sectors, the media or civil servants of Ministries, brokers, lawyers and other administrative authorities, will also benefit from this seminar.
Get this course’s brochure:
