Associate In Marine Insurance Management - AMIM

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DEFINITION of 'Associate In Marine Insurance Management - AMIM'

An IIA program for insurance professionals is designed to expand the knowledge of marine insurance. It includes the areas of expertise of ocean marine insurance, inland marine insurance, principles of risk management and insurance, insurance company operations, legal environment of insurance and management. This program of study is recommended for individuals involved in the areas of ocean marine and inland marine insurance. The AMIM program was developed with the technical and financial assistance of the Inland Marine Underwriters Association and the American Institute of Marine Underwriters. Marine insurance is the oldest line of insurance.

BREAKING DOWN 'Associate In Marine Insurance Management - AMIM'

Subjects covered in the required courses include Shipping Fundamentals, Cargo Insurance Policies, Cargo Underwriting, Protection & Indemnity, Hull Insurance, Contractors Equipment and Fine Arts Insurance.

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RELATED FAQS
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    Though the ins and outs of health insurance are often confusing, the concept of the insurance deductible is relatively straightforward. ... Read Full Answer >>
  2. How is the deductible I paid for my insurance claim treated for tax purposes?

    The deductible you pay on your health insurance policy may be tax-deductible if you meet certain conditions. However, whether ... Read Full Answer >>
  3. What level of reserve ratios is typical for an insurance company to protect against ...

    In the United States, and most developed nations, regulators impose required statutory capital reserve ratios on insurance ... Read Full Answer >>
  4. What risks do I face when investing in the insurance sector?

    Like all equity investments, insurance companies present investors with market risk. Insurance companies, like banks, also ... Read Full Answer >>
  5. What are the main factors that impact share prices in the insurance sector?

    The main factors that impact share prices in the insurance sector are interest rates, earnings and actuarial risk. In the ... Read Full Answer >>
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    Insurance policies have deductibles for behavioral and financial reasons. Moral Hazards Deductibles mitigate the behavioral ... Read Full Answer >>

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