Business Interruption Policy Explained - Part 2 (With Loss Computation Exercises)

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Created and Presented by V.P. Sharma :
Mentor - Property Risk and Underwriting at Go-digit General Insurance company Ltd.
Former Vice President and Head of Property/Engg Underwriting & Risk Management at Bajaj Allianz General Insurance Company Ltd.

[melvinlourds]

Thanks for this amazing presentation ..

[melvinlourdes]

Amazing video and explanation ..what was needed may experts in BI hesitate to share the knowledge.. thank u so much

[Wealth-Flow-Wisdom]

In relation to the steps to computing BI, I think number 3 can be on number 2, if these steps are to be followed. What's your view. Thanks for the presentation, this is great!!!

[rashmisachdeva]

You make it very easy in understanding . Thanks a lot

[xianerae]

Never understood how to calculate a BI policy....now I do. Thank you for your time and shared knowledge

[jtpjay]

Thank you for sharing. It’s very useful.

[juniorjean-jacques]

Love your video!!!! Thank you so much everything was well explained

[Aditi]

Hi Sir thank you for this great presentation.
In IC 57 book to calculate the BI loss in that they haven’t considered estimated TO instead directly taken STO.
Also while calculating the under insurance the sum required to be insured in that formula the IP is also not taken.
Also if there is no UI then what will be the BI loss

[abdulmajeedalamir]

Great material and excellent presentation. Please share more of your knowledge

[cashmoney]

Great presentations...how can we work out our BI calculations for days...for example only 3 days of sales? How can I get hold of you Sir

[rashmisachdeva]

In example 1, why not calculate excess on 276 cr, when we are calculating loss on 276 cr. S T

[chinedu.okolie]

Hello sir, accidentally come in contact with course. Great insight to Bi cover however am able to follow the speed with figures computation in the presentation.
I kindly request you share figure presentation slide if possible. I have register this course in this year October diet in my state.

[aniljadhav]

Sir in arriving at gross profit formula is net profit + standing charges
For standing charges we should consider all standing charges or only insured standing charges

[dc]

Sir in example 2, ICOW was 50L and GP saved was 48L which is less than ICOW so why are we adding 48 L( ICOW -50L). My view is if ICOW were 48L and GP saved were 50L then in that case we would have added this 48L ICOW. Time frame:22:00