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Insurance Underwriting

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Certificate WFI
CII
Rating

  • To provide knowledge and understanding of the role of underwriting including identification, assessment and acceptance of risk, rating and relevant financial factors.

Target Audience:

  • Underwriting officers at the insurance companies;
  • Claims Officers at the insurance companies;
  • Policy admins in insurance companies;
  • Technical teams at Direct insurance brokers firms and reinsurance broker firms;
  • Technical teams at insurance agents.

Objectives:

 

  • Understand the material circumstances relating to the insurance underwriting process;
  • Understand underwriting procedures relating to the insurance underwriting process;
  • Understand insurance policies in relation to the insurance underwriting process;
  • Understand renewals and cancellation in relation to the insurance underwriting process;
  • Understand personal insurances and commercial insurance in relation to the insurance underwriting process;
  • Understand underwriting considerations in relation to the insurance underwriting Process;
  • Understand the principles, practices of pricing and pricing factors;
  • Understand how to managing exposure within the context of the insurance underwriting process.

 

Assessment Strategy:

Participants will engage with case studies & exercises throughout program. Pre & post program assessment can also be arranged.

Day 1:

Title : Understand the material circumstances relating to the insurance underwriting process

  • Explaining the material circumstances related to the underwriting process;
  • Explain the duty of fair representation;
  • Explain the difference between peril and hazard;
  • Explain how the underwriter will obtain the necessary information.

Title : Understand underwriting procedures relating to the insurance underwriting process

  • Describe the general and specific questions asked of proposers;
  • Describe the procedure relating to quotations;
  • Explain how the underwriter can gather information.

 Day 2:

Title: Understand insurance policies in relation to the insurance underwriting process

  • Explain the structure and function of the insurance policy;
  • Explain conditions and exclusions;
  • Explain deductible and excess.

Title: Understand renewals and cancellation in relation to the insurance underwriting process

  • Describe the renewal legal process;
  • Explain the cancellation clause function.

Day 3:

Title:  Understand personal insurances and commercial insurance in relation to the insurance underwriting process

  • Describe the underwriting criteria for various lines of business such as health, motor and property;
  • Describe how we can detect fraud;
  • Explain the consequences of fraud.

Day 4:

Title: Understand underwriting considerations in relation to the insurance underwriting Process

  • Describe the underwriting criteria for various lines of business such as health, motor and property;
  • Describe how we can detect fraud;
  • Explain the consequences of fraud.

Day 5:

Title: Understand the principles, practices of pricing and pricing factors

  • Explain the importance of claims information on underwriting terms/premium rates;
  • Explain the nature of risk in terms of frequency and severity of claims;
  • Explain the distinction between underwriting year, policy year, accounting year and calendar year;
  • Define risk premium and its key features.

Day 6:

Title: Understand how to managing exposure within the context of the insurance underwriting process

  • Describe the basic factors influencing the market cycle;
  • Describe the principles of risk accumulation;
  • Describe the basic reinsurance considerations including the types of reinsurance.
Certified Insurance Certificate (Cert CII) Is a professional certificate awarded by the Institute of Insurance (CII) in the UK (CII) to provide preparatory courses to pass the certification assessments which include three subjects We are at Watan First Institute, the only private institute accredited by the Legal Institute of Insurance Certificate (Fundamentals of Insurance) WO1 -1 And may be equivalent by IFCE certificate accredited by the Institute of Finance 2-IF 3, which is the subject of insurance subscription IF4 The insurance claim material
IFCE (Fundamentals of Insurance) approved by the Institute of Finance can be compared with WO1 -1 against 10 points
To find out the dates, contact the customer service providers on the following numbers: Standard number: 920006596 Whats App: 0550778484
The headquarters of the Watan First Institute in the city of Riyadh KSA
75 questions per assessment. The assessment is written (in the form of multiple choice)
Registration at CII-Exam Booking-Attend the preparation course for the test
2 weeks, 3 days each week
To register, please contact us on one of the following numbers: Standard number: 920006596 Whats App: 0550778484
Yes, Watan First Institute provides a test platform that simulates the 30-day official test for free
IF3 SR (6000) IF4 SR (6000)
The course will be held in English
1- Promotions 2- Increase Salary 3- and other benefits
Visit membership levels of CII to learn how to join CII https://www.cii.co.uk/membership/before-we-start/
In order for the trainee to obtain the certificate of the British Insurance Institute Cert CII must first get the certificate of IFCE = (WO1) and then get the IF3 and IF4 After the three stages of the student will be able to obtain the Cert CII

5005 SAR

6500 SAR

Including VAT

Course Number: INS-CII-IF3
Course Language: English
Duration: 6 Day(s)