Insurance Agent (Insurance Underwriter)

Insurance Agent (Insurance Underwriter)

Who should attend this course?

If you are employed and experienced in the insurance industry and want to become a certified insurance underwriter.

Registration criteria:

• A relevant qualification
• Facilitators, assessors, and moderators must have a minimum of 5 years work experience in underwriting or claims.

Outline of the assessment model:

• Part 1: A supervised, closed book knowledge-based assessment (duration: 3 hours)
• Part 2: Portfolio of naturally occurring evidence, as collected from the workplace against specific criteria.

Assessment standards as per Phase 1:

• The ability to conduct compliant Insurance administration (20%)
• Insurance Risk Management (25%)
• Insurance and Legal Principles (10%)
• Rating and Pricing Risk (15%)

Once qualified you can:

• Apply and adhere to operational and administrative procedures.
• Evaluate risk information to determine risk profile and manage risk exposure.
• Understand and apply basic legal and insurance principles to underwriting recommendations.
• Understand and apply knowledge of product and pricing to underwrite profitable risks.