Insurance Underwriting (WUE)- (Non-UK)

Insurance Underwriting (non-UK) (WUE) provides you with knowledge and understanding of the role of underwriting including identification, assessment and acceptance of risk, rating and relevant financial factors which can be applied to your region. This unit aims to provide you with an understanding of the basic principles of underwriting which you can then apply to the specifics of your region

Target Audience:

  • Insurance company’s employees
  • Broking firms’ employees
  • Survey Surveyors / Insurance Consultants/ Insurance Agency
  • Candidates who wish to pass CII courses
  • Candidates who wish to enhance working skills
  • Companies who wish to have skilled and efficient insurance employees

Objectives:

By the end of the course, participants will be able to:

  • Understand the material facts and information 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 in relation to the insurance underwriting process
  • Understand commercial insurances in relation to the insurance underwriting process
  • Understand the main support/ancillary services available in the insurance services
  • Understand underwriting considerations in relation to the insurance underwriting process
  • Understand the principles and practices of pricing
  • Understand pricing factors within the context of the insurance underwriting proces
  • Understand managing exposure within the context of the insurance underwriting process

Assessment Strategy:

  • Pre and Post training test to measure knowledge and learning levels
  • Engage trainees in exercises and group activities
  • Evaluation form to be filled by trainees
  • Exam Simulator

Module 1: Understand the material facts and information relating to the insurance underwriting process

  • Explain why an underwriter needs to bearproof material facts and information assessing rips
  • Describe the methods used by underwriters to obtain material facts and information
  • Explain the concept of duties relating to disclosure and representation, townhomes apply and how the duties maybe modified

Module 2: Understand underwriting procedures relating to the insurance underwriting process

  • Describe the general and specific questions as ked of proposers
  • Describe the good practice/guidelines relating to quotations
  • Describe the relevance of premium payment for valid cover

Module 3: Understand insurance policies in relation to the insurance underwriting process

  • Explain the meaning and significance of common policy exceptions and conditions
  • Explain the distinction between warranties, conditions and representations
  • Describe the different ways in which premeasure calculated and may subjects taxation

Module 4: Understand renewals and cancellation in relation to the insurance underwriting process

  • Explain how cancellation clauses operate
  • Explain how excesses, deductibles and franchises are used

Module 5: Understand persona insurance nonrelations the insurance underwriting process

  • Describe the basic features and typical policy cover of motor insurance, health insurance, house hold insurance ,travel insurance and extended warranties

Module 6: Understand the main support/ancillary services available in the insurance industry

  • Describe the basic features of additional‘ support’ type insurance services available with specific reference to help lines, authorized repairers and suppliers, risk control/advice and uninsured loss recovery services

Module 7: Understand underwriting considerations in relation to the insurance underwriting process

  • Describe the key underwriting criteria for motor insurance, health insurance and personal insurances
  • Describe the procedures commonly used to detect fraudulent claims
Experience Level:
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Code: INS2178
Language: English
Duration: 5 Days