Overview
The content of the Executive Certificate in Insurance Underwriting Management makes your road to learning about this aspect of insurance more effective, easier and more enjoyable than ever. Its streamlined approach strikes a careful balance between depth of coverage and ease of learning. Its world-class learning design - with insightful examples, thought primers, learning activities, case studies, review questions, and tutorial questions - ensures that you will have a richer understanding of the subject theory and practices.
In your professional journey with the Executive Certificate in Insurance Underwriting Management course, you will develop knowledge and understanding about applying the requirements for managing a general insurance underwriting account through selection of class of business and design of products, setting the underwriting policy for those products, establishing the price, management of exposures, implementation of operational controls, budgeting, and monitoring results.
Download BrochureLearning Outcomes
By the end of this course, you should be able to:
- Understand the fundamentals of underwriting in insurance;
- Explain the development of risk premium;
- Apply statistical modelling techniques in underwriting;
- Discuss how quoted premium is developed;
- Discuss the underwriting operations in insurance companies; and
- Explain the importance of budgeting and monitoring in underwriting performance.
Course Outline
- 1.1: Learning Outcomes
- 3.1: Underwriting Policy and Corporate Objectives
- 3.2: Distribution Channels
- 3.3: Binding Authorities and Line Slips
- 3.4: Contribution of Research
- 3.5: Resource Capability
- 3.6: Entry and Exit Costs
- 3.7: Reserving Policy
- 3.8: Product Mix
- 4.1: Underwriting Considerations
- 4.2: Internal and External Constraints
- 4.3: The Planning Process in Underwriting
- 4.4: Liaison with other Areas of the Business
- 4.5: Risk Information, Acceptance, Evaluation and Control Criteria
- 5.1: The Source, Availability and Nature of Data
- 5.2: External and Internal Data
- 5.3: Statistical Methods used in Risk Pricing
- 5.4: The Effect on Pricing
- 5.5: The Investment Cycle
- 5.6: Interpretation and Use of Claims Information
- 5.7: The Underwriting Cycle
- 6.1: Outwards and Inwards Reinsurance
- 6.2: Reinsurance Programmes
- 6.3: Management of Reinsurance Programmes
- 7.1: Aggregation and Measurement of Exposure
- 7.2: Emerging Risks
- 7.3: Managing Exposure and Enabling Capacity
- 8.1: People Management
- 8.2: Authority Limits as an Operational Control
- 8.3: The Use of Auditing
- 9.1: Purpose of Monitoring
- 9.2: What Should Be Monitored?
- 9.3: Techniques for Monitoring Underwriting Results
- 9.4: Usage of Information Derived from Monitoring
- 9.5: Monitoring, Forecasting and The Underwriting Strategy
Price: US$485
Course Features
- Modules 9
- Duration 8 Weeks
- Content Type Text & media
- Assessment Yes
- Pass Percentage 70%
- Certificate Yes
