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An innovative initiative targeting university students, offering a comprehensive two-week experience that combines in-person training and self-learning. The initiative aims to enhance participants' skills and provide them with the opportunity to gain new knowledge in an engaging environment. It concludes with an assessment to measure participants' knowledge acquisition, followed by a graduation ceremony to honor successful participants and award them the initiative's certificate.
This training program aims to prepare participants with the knowledge and skills necessary to pass the Insurance Foundations Professional Exam (IFCE). This exam is mandatory for all employees of the insurance sector in the Saudi market. During this program, the participant will learn about the elements of insurance and the principles associated with them. This program also highlights the main functions of insurance companies and the products they provide to protect individuals and companies from the risks they are exposed to.
Insurance
Operations
Not Exist
In Class Training-Self Learning
In Class Training-Self Learning
The risk
Insurance as a risk transfer mechanism
Risk Classification
Reinsurance: Concept, Purpose, and Types
Co-insurance and self-insurance
Insurance benefits
In Class Training-Self Learning
In Class Training-Self Learning
In Class Training-Self Learning
In Class Training-Self Learning
In Class Training-Self Learning
In Class Training-Self Learning
In Class Training-Self Learning
In Class Training-Self Learning
In Class Training-Self Learning
In Class Training-Self Learning
Most prominent characteristics of the insurance products
Classifying insurance products in the Saudi insurance market
Basic principles of effective customer service
In Class Training-Self Learning
In Class Training-Self Learning
The default organizational structure of the insurance companies The most important procedures of operations in Saudi market
In Class Training-Self Learning
Product development risk
Defrauding insurance companies’ risk
SAMA’s role in fighting insurance fraud
Obstacles Facing Insurance Companies in KSA
Reinsurance risk
Reputation risk
Non-compliance risk
Changes in country risk
Money-laundering and terrorism financing risk
Gain knowledge and skills necessary to pass the mandatory professional examination for Insurance Foundations (IFCE).
Understand the concept of risk and main insurance principles in the insurance industry for the purpose of knowing what risks are insurable.
Determine the main principles that govern the relationship between the parties to risk and insurance
Highlighting the main participants in the insurance market in Saudi Arabia and the contractual relationship among them.
Determine the standard insurance policies and procedures in Saudi Arabia to ensure regulatory compliance
Learn about different Insurance products to enable the participant to know which one fits the customer needs best.
Learn the principles of customer service in the insurance sector to give an exquisite experience to the insured/customer.
Identify the most important risks and obstacles facing the insurance industry in the Kingdom of Saudi Arabia so we can deal with them or avoid them.
