Industrial All Risks (IAR) Insurance

Course Overview

Industrial All Risks (IAR) Insurance is one of the most technically demanding and strategically important lines of general insurance. It provides comprehensive protection for industrial, commercial, and infrastructure assets against a broad range of perils, combining Material Damage (MD) and Business Interruption (BI) coverage under a single, integrated policy structure.

Unlike traditional fire and allied perils insurance, IAR is based on an “all risks” model — covering loss or damage from any accidental cause except those specifically excluded. This broader scope aligns with the increasing scale and complexity of industrial operations in Kenya and the wider East African region, where infrastructure, logistics, manufacturing, power, and energy projects are growing rapidly.

IAR insurance is more than just a policy—it is a risk transfer and resilience tool. Insurers and risk managers must blend technical underwriting skills, property-risk engineering, business interruption analysis, reinsurance strategy, and claims management expertise to protect high-value, high-exposure risks.

With new risk landscapes emerging — including climate-related events, cyber-physical risks, supply-chain disruptions, and regulatory modernization — IAR practitioners need to think beyond traditional loss triggers and incorporate data-driven decisioning, digital tools, and sustainability principles (ESG) into underwriting and claims practices.

This  course is designed to provide participants with:

  • A firm grounding in legal, regulatory, and property insurance principles;
  • Deep technical competence in underwriting, policy structures, reinsurance, and BI coverage;
  • Practical skills in engineering risk management and loss prevention;
  • Strategic capability to manage large and complex claims; and
  • Awareness and readiness to adapt to emerging trends and digital transformation.

The program is aligned with regional regulatory frameworks and international best practice, making it suitable for insurers, reinsurers, brokers, corporate risk managers, engineers, loss adjusters, and insurance regulators.

Learning Objectives

By the end of the course, learners should be able to:

  • Explain the structure, purpose, and application of Industrial All Risks insurance;
  • Interpret and apply legal and regulatory requirements governing IAR in Kenya and the region;
  • Apply property and all-risk principles to policy design and underwriting;
  • Understand and structure Material Damage and Business Interruption coverage for complex industrial risks;
  • Underwrite large, high-value risks using engineering surveys, risk scoring, and data-driven models;
  • Implement effective loss-prevention and risk-management strategies;
  • Structure and manage reinsurance programs supporting IAR portfolios;
  • Handle complex claims involving both property damage and business interruption;
  • Navigate emerging trends in ESG, parametric insurance, cyber-physical risk, and digital transformation; and
  • Apply professional and ethical standards to IAR underwriting, claims, and market conduct

Module 1: Course Overview

Module 2: Introduction to Industrial All Risks Insurance

Module 3: Legal and Regulatory Framework

Module 4: Principles of Property and All-Risks Insurance

Module 5: IAR Policy Structure and Coverage

Module 6: Business Interruption (BI / Consequential Loss)

Module 7: Classes of Risks and Perils Covered

Module 8: IAR Underwriting and Risk Assessment

Module 9: Risk Management, Engineering & Loss Prevention

Module 10: Reinsurance, Co-Insurance, and Policy Administration

Module 11: Claims Management — MD & BI

Module 12: Emerging Trends & Innovations

Module 13: Case Studies, Ethics & Professional Practice

Price: $275

This Course includes:

   Text-based content

   6 Weeks