Foundation in Machinery Breakdown (MB) & Machinery Breakdown Loss of Profits (MBLOP) Insurance

Public Short Course

9:00 AM – 5:00 PM | 9 & 10 July 2025

Registration Deadline: 18 June 2025

Overview

In this course, participants will have an overview of the engineering line of business in Malaysia and the impact of dependency on machinery and technological changes to business. Participants will also learn about the coverages available, future developments and reasons for insurance against failures and breakdown. At the end of the programme, participants should be able to:

  • Recognize the important aspects and background of engineering insurance, and the relevant insurance principles.
  • Appreciate the evolution of machinery from mechanical, electrical to electromechanical machine, future developments and reasons for insurance against failures and breakdown.
  • Understand the principal coverage of MB and MBLOP insurance.
  • Understand the aspect of MB and MBLOP underwriting processes and risk assessment.
  • Understand the aspect on basis of material damage claims settlement and loss of profits claims settlement.
  • Understand the important aspects of survey for engineering insurance underwriting.
  • Understand claims related to engineering insurance

Recommended For

  • New entrants in the industry
  • Insurance personnel working in insurance companies Insurance brokers and loss adjusters
  • Agents and clients involved in construction works and erection works
  • Any person such as auditor, administrator in insurance company, broker and loss adjuster
  • Those who require knowledge in Engineering Insurance (MB/MBLOP)
  • Other professionals with experience in handling Engineering Insurance (MB/MBLOP) and need a
    refresher course to keep abreast of latest developments

Learning Format

  • In-Person Training

Foundation in Machinery Breakdown (MB) & Machinery Breakdown Loss of Profits (MBLOP) Insurance

For Inquiries

Sales

+603 2712 8882

Dates

09/07/2025

Classroom

Fees

Early Bird (Member)

Early Bird Member closing date: 18 June 2025

RM 980 / USD 230

 

 

Early Bird (Non-Member)

Early Bird Non-member closing date: 18 June 2025

RM 1,080 / USD 250

Normal Fee (Member)

Individual: RM 1,080 / USD 250

Group of 3: RM 930 / USD 218

Normal Fee (Non-Member)

Individual: RM 1,180 / USD 272

Group of 3: RM 1,030 / USD 240

*Fees inclusive of 8% SST (Malaysia Sales and Service Tax)

Meet The Expert

Peter Yong Weng Sing
Chartered Insurer, ACII, AMII
Peter Yong has more than 30 years of working experience in the Insuranceindustry in all major aspects of underwriting, claims, reinsurance, risk surveys, technical audit and business development. He specializes in property and engineering insurance. Although most of his working life was spent in general insurance companies, Peter also has a 3-year experience serving the professional reinsurance company as the Head of Facultative Reinsurance.
He was an aactive working member under several Expert Committee Groups for Miscellaneous Accident, Engineering Task Force, Fire Sub-Committee and MNRB Special Ratings in PIAM (General Insurance Association of Malaysia). Currently, Peter is the Head of Technical Support in a leading foreign insurance company