工程保险培训（英文）（20页）.ppt

Contents

Historical Reflection

Engineering Classes 

of Business

When does engineering insurance begin?

Scopes of Engineering Insurance 

Contractors’ All Risks insurance(CAR) 

Erection All Risks insurance(EAR) 

Extension 

of cover and special clauses

Machinery 

Breakdown insurance(MB) 

Reinsurance

Engineering insurance – Historical reflections

The Origin : Inspection of steam boilers In 

the 19th century : Industrial revolution

In 1854 : 

The Manchester Steam Users’ Association

Advice on 

how to prevent explosions 

Guide in Most advantageous 

and economical method of using the Plant

This principal  

is still maintained today

In 1858 : Foundation of the 

first engineering insurance co.

(the Steam Boiler Assurance Company)

In 1872 : Engine 

insurance(known today MB) began

The beginning of 20th 

century : MLOP, Erection insurance(erection & assembly 

of machines) 

1920 ~ 1930 : introduction of Contractors’ 

Policy cover for building and civil works   → 

development of Contractors’ & Erection All Risks 

Insurance 

After World War II : Reconstruction and 

development

Today (New engineering insurance) : roject financing