Event Details

Mode: Virtual

CPD Hours: 1 Hour

The Singapore College of Insurance and Sedgwick Singapore Pte Ltd, are jointly organizing a series of webinars on various elements of Business Interruption policy coverage and related claims issues.


Increased cost of working (ICOW) cover is arguably the most important element of a Business Interruption policy, as it supports mitigation for the benefit of all.

What you can expect from this webinar:

 

In this webinar, our experts will address several issues with regards to ICOW, including:

  • What are increased costs?
  • How and when does the cover apply?
  • Does it matter when increased costs are incurred?
  •  What is the 'economic limit'?
  •  Who decides if a cost is necessarily and reasonably incurred?
  • What about benefits beyond the Maximum Indemnity Period?
  • What is Additional Increased Cost of Working (AICOW)?
  • What are ICOW-only policies?

Speakers

  • Aruna Chandrapalan (Head of Forensic Accounting Services - Asia at Sedgwick)

    Aruna Chandrapalan

    Head of Forensic Accounting Services - Asia at Sedgwick

    Aruna has over 19 years’ experience with forensic accounting for the insurance industry, managing complex business interruption claims, fraud investigations, product recall and subrogation across a range of industries.

    She is the Chairperson for the Chartered Institute of Loss Adjusters’ Business Interruption Special Interest Group.

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  • Gerald Cheang (Senior Manager, Forensic Accounting Services - Asia at Sedgwick)

    Gerald Cheang

    Senior Manager, Forensic Accounting Services - Asia at Sedgwick

    Gerald has over 11 years’ experience with forensic accounting, where he dealt with quantifying economic losses, fraud investigations, and other forensic accounting-related projects.

    He has worked extensively on business interruption claims across different regions including Asia.

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