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Preparatory Program for the Motor Insurance Test (M94) - CII Enroll now to obtain the Diploma in Insurance, a technical and supervisory qualification for professionals working in all sectors of the insurance industry.
The Diploma in Insurance is a technical and supervisory qualification for insurance staff working across all sectors of the industry, and the logical progression from the Certificate in Insurance. The Diploma will provide you with a firm understanding of insurance fundamentals and will enable you to build towards advanced technical knowledge, thereby ensuring you have the means to function effectively in a challenging environment. Motor Insurance (M94) unit counts towards a Diploma in Insurance, it may also count towards the Advanced Diploma in Insurance. This training program provides an understanding of the risks faced by the various types of motor vehicles and the legal requirements associated with motor insurance. It includes relevant case law and an overview of the different types of motor insurance products available from the general insurance market.
Insurance
+2
Products
Not Exist
Lecture
Case Studies +4
Lecture
Case Studies
Brainstroming
Practical Implementation
Dialogue Teams
Exercises and assignments
Pre Exam
Post Exam +1
Pre Exam
Post Exam
Simulation Test for professional exam
Underwriting
Reinsurance +2
Underwriting
Reinsurance
Claims
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This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
In Class Training-Online Training
Different types of motor risk and how they are assessed
Legislation which aims to control risk
Road Traffic Act focusing on the effects of compulsory insurance on the motorist and insurers
Role and functions of the Motor Insurers’ Bureau (MIB) including the MIB agreements
Measures taken to combat uninsured drivers
In Class Training-Online Training
Indemnity and the main types of cover in relation to the motor policies
Covers given under different motor policies
In Class Training-Online Training
New business process
Mid–term policy alterations
Renewal process, lapses and cancellation
Procedure and issues arising from the delivery and surrender of certificates
for handling voidable policies and the options available to insurers
Regulatory and legislative requirements affecting the transaction of motor insurance
In Class Training-Online Training
Motor underwriting strategy, distinguishing between account level and case underwriting
Insurer’s risk appetite, standard rating models and pricing methods
Proposal evaluation including legal considerations and validation tools
Application of loadings and discounts
Factors affecting loss ratio, expense ratio and operating ratio
Reinsurance as applied to motor insurance
Methods of underwriting and rating for the different types of motor risk
Fleet risk management and its benefits
of liaison between claims and underwriting functions
In Class Training-Online Training
Motor claims strategy and objectives
Validation, evaluation and settlement practices in handling motor claims
How an insurer determines its status and the practical application of the MIB agreements
Role of market organizations and law enforcement agencies in the claims process
Different service providers and processes involved in the handling of own vehicle and third party claims
Motor insurance dispute resolution procedures
Understand the nature of motor risk and the main impacting factors.
Understand the scope of cover provided by motor policies.
Understand the main practices of motor insurance
Understand risk perception, evaluation and underwriting of motor insurance
Understand the claims considerations and procedures of motor insurance.
