A mandatory exam by Saudi Central Bank (SAMA) The objective of this exam is to build the capabilities of employees in the retail banking, financing companies sectors, financial lease registration companies and ensure that employees have the minimum level of knowledge and skills, including the regulations and laws of these sectors that enables them to perform their duties toward the consumer and the beneficiary professionally and responsibly.

The professional exam for Individuals Financing Fundamentals is one of the measurement tools that contribute to verifying the existence of the minimum level for finance employees in the banking and finance companies’ sector, as it includes a number of knowledge, skills, practices and real examples related to the concept of finance basics.

Insurance Underwriting (non-UK) provides candidates 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. It will encompass underwriting procedures, considerations applicable to the main classes of general insurance business, the structure and content of policy wordings, premium payment, renewal and cancellation, as well as the main aspects of rating. The developments in related products and services are also discussed and will conclude by introducing the principals involved in managing the underwriting account.

The objective of this unit is to develop knowledge and understanding of the fundamental principles and practices of underwriting practice and the environment within which they operate. Also, it provides an understanding of the key influences of the regulatory and commercial environment on underwriting, underwriting policy and practice, use of statistical data, risk pricing and risk exposure and control.