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Training on “Construction Contracts – Bond Insurance and Professional Indemnity Insurance” October 2020

Mon 11 Jan 2021 | News & Events

The continuous training and development program were keeping on track regardless of the Covid 19 challenges. In October 2020, Cambodia Re hosted a two-day virtual training program via Zoom Platform for the key cedants from the General insurance side.

There were 35 participants from 14 cedant companies and the Cambodian insurance regulator, attending this technical topic, and the training facilitator was Mr.Pooba Mahalingam (Regional Risk Consultant) from Talent Asia Training and Consulting, a well-established risk and insurance advisory outfit based in Singapore serving the region.

This online training was designed with a prime objective of sharing case studies, clauses and wording relating to Construction Contracts, the Bond Insurance issues like conditional terms and collateral and some interesting scenarios for Professional Indemnity coverage. These were shared to provide a better understanding of engineering design aspects, project development practice and policy coverage issues to the participants.

Mr.Vatharo Huy, Managing Director of Cambodia Re who officiated the session on 19 October 2020 briefly spoke to the participants and thanked them for joining this technical learning arranged during this pandemic period. He assured them that Cambodia Re’s servicing staff and managers are still contactable and continuing to serve the clients despite the global pandemic situation.

A few interesting quotes collated from the participants after the two-day session:

“Thanks to Cambodia Re for arranging this interesting session virtually with the facilitator from Singapore – Mr Bunhay Heang – Philip General Insurance (Cambodia) PLC.”

“Appreciate the efforts of Cambodia Re to use an experienced trainer who shared relevant key points during this two-day session – Mr Ratana Inn – Dara Insurance (Cambodia).”

“The technical knowledge and presentation skills of Pooba as the Facilitator deserves commendation. Well done to Cambodia for hosting this session – Mr Munh Pisal – Etiqa General Insurance (Cambodia).”