Construction Risk Conference

Sample Outline

Below is a sample outline. Providing a similar outline of your proposed IRMI Construction Risk Conference presentation will give us the details we need to consider your proposal and, if you are invited to speak, work with you to plan the Conference curriculum.

Presentation Outline Sample

22nd IRMI Construction Risk Conference

Outline Topic: "Work In Process" or the Builders Risk/Installation Floater

  1. What is a Builders Risk/Installation Floater?
    1. Definitions
    2. Historical Origins
      1. United States and North America
      2. European/London—CAR & EAR
    3. Means & Methods of Construction
  2. Forms/Coverage
    1. Builders Risk Standards vs. Property Standards
      1. Declarations
      2. Property Covered
      3. Property Excluded
      4. Perils ...
    2. Other Conditions
      1. Policy Renewal vs. Policy Extension
      2. Boiler & Machinery vs. Testing/Commissioning—AIA Contract Requirements
    3. Special Clauses
      1. Exception within an Exclusion Clause
    4. Application of the Exception within the Exclusion Clause "The Three Faulties"— Workmanship, Material and Design
      1. U.S. Wordings
      2. London DE Wordings
      3. Munich Re Wordings
      4. Example of Claim Coverage
  3. Probable Maximum Loss (PML) & Amount Subject
    1. Key Data Mining Information for Underwriting Builders Risk Cover
    2. Risk Factors Associated with Various Types of Work/Projects
    3. Purpose of the Development of the PML
    4. Earthquake, Flood, and Windstorm—No Impact on Projects Designed to Current Technical Standards
  4. Rating Methodologies
    1. A. Completed Value vs. Annual Contract Receipts
    2. B. European/London Market—Annual Turnover Policies vs. Term-Rated Policies
    3. C. Monthly Reporter vs. Rate on Contract Value Build-Up
  5. Source of Rates & Developed Premium
    1. Worldwide External Resources
    2. Company Self-Generated
    3. Claims and Losses—Data Mining
    4. Technical Rate vs. Market-Driven Rate—Effects after September 11, 2001?
  6. Claims and Loss Experience
    1. Frequency vs. Severity
    2. Leading Cause of Severity Losses
    3. Worldwide Sampling of Large Losses
    4. Data Mining for Dynamic Rate Models
    5. Are Builders Risk Losses Controllable?
    6. Pre- and Post-Analysis of a Loss—Risk Engineering Role with Claims Adjusters
  7. Market Conditions and Future Concerns
    1. Pre-September 11, 2001
    2. Post-September 11, 2001
    3. 1985-87 Market
    4. Future Market Predictions or Conditions
    5. New Risks "Terrorism, Mold, Cyber-Risk"
    6. Global Reach—Is the World Shrinking?
  8. Your Conclusions
    1. Your Role—If You’re the Client
    2. Your Role—If You’re the Agent/Producer
    3. Your Role—If You’re the Underwriter
    4. Improving the Market