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.