Program Brief

The Certificate in Insurance is a core qualification for staff working across all sectors of insurance. This Certificate develops core knowledge of the key disciplines needed through covering basic general insurance principles including the regulatory environment, key disciplines of underwriting and claims, in addition to popular insurance products. Motor insurance products (IF5) counts towards achieving the Certificate in Insurance, which provides participant with the knowledge and understanding of the practices and procedures connected with private motor, motorcycle and commercial motor insurance, with reference to applicable legal and regulatory considerations.

Sectors
Program Topic
  • Products
Program Goals

At the end of the training program, the participant should be able to:

  • Understand the market place for motor insurance products.
  • Apply the principles contained within motor insurance to a given set of circumstances.
  • Understand the scope of cover provided by motor insurance products.
  • Apply the principles contained within the scope of cover provided by motor insurance products. to a given set of circumstances.
  • Understand the legal and regulatory considerations for motor insurance.
  • Apply the legal and regulatory principles for motor insurance to a given set of circumstances.
  • Understand risk assessment, rating and underwriting for motor insurance.
  • Apply the principles contained within risk assessment, rating and underwriting for motor insurance to a given set of circumstances.
  • Understand claims procedures for motor insurance products.
  • Apply the principles of claims procedures for motor insurance to a given set of circumstances.
  • Understand information and communication technology as this relates to motor insurance.
  • Apply the principles of information and communication technology as this relates to motor insurance to a given set of circumstances.
Program Agenda
Module 1: The Market Place for Motor Insurance Products
  • 1 Principal differences in the transaction of private motor insurances

    Role and function of the motor insurers’ bureau and the DVLA
      Module 2: Principles Contained within Motor Insurance to a Given Set of Circumstances
      • 1 Principles contained within the transaction of private motor insurances to a given set of circumstances.

        • 2 Principles contained within the role and function of the motor Insurers’ Bureau to a given set of circumstances.

          Module 3: Scope of Cover Provided by Motor Insurance Products
          • 1 Core cover provided under different motor insurances

            • 2 Additional non-insurance benefits available under private and commercial motor insurance policies

              Module 4: Principles Contained within The Scope of Cover Of Motor Insurance Products
              • 1 Principles contained within the scope of cover provided by motor insurance products to a given set of circumstances

                Module 5: Legal and Regulatory Considerations for Motor Insurance
                • 1 Relevant parts of the road traffic Act 1988 as amended by the road traffic Act 1991

                  • 2 Provisions of the road traffic Act 1988-part VI, relating to third party liabilities

                    • 3 Provisions of EU directives applicable to motor insurance

                      • 4 Effect on motor insurance of relevant legislation and regulatory considerations

                        • 5 Legal position of employees using their own and their employers’ motor vehicles in the conduct of company business

                          • 6 Law relating to the use of vehicles outside the UK

                            • 7 Describe which vehicles are exempt from compulsory insurance under the Road Traffic Act 1991 and in what circumstances

                              • 8 The scope and general effect of the insurance: conduct of business sourcebook (ICOBS) as it relates to the administration of motor insurance

                                Module 6: Legal And Regulatory Principles For Motor Insurance
                                • 1 Apply the legal and regulatory principles for motor insurance to a given set of circumstances

                                  Module 7: Risk Assessment, Rating and Underwriting for Motor Insurance
                                  • 1 Content, use and legal significance of proposal forms and statements of facts in the transaction of motor insurance as they apply to both consumer insurance contracts and commercial insurance contracts.

                                    • 2 General principles of rating and underwriting individual risks in motor insurance

                                      • 3 Rating and underwriting considerations for different motor vehicles

                                        • 4 Content of and legal requirements relating to the cover note and the certificate of motor insurance

                                          • 5 Construction of private and commercial insurance policies

                                            • 6 Use of no claim discounts and the distinctions between standard, protected and guaranteed discounts

                                              • 7 Operation of a typical renewal system for private and commercial motor insurance.

                                                • 8 Frequency of renewal and its significance to continuity of cover

                                                  • 9 Renewal documentation and renewal terms specific to motor insurance

                                                    Module 8: Principles Contained within Risk Assessment, Rating and Under Writing for Motor Insurance
                                                    • 1 Apply the principles contained within risk assessment, rating and underwriting for motor insurance to a given set of circumstances

                                                      Module 9: Claims Procedures for Motor Insurance Products
                                                      • 1 considerations in the transaction of motor insurance products

                                                        • 2 Fraud prevention and detection measures and their operation

                                                          • 3 Role of the financial ombudsman service and the financial services compensation scheme

                                                            Principles of claims-handling applied to motor insurance.
                                                              Claims-handling procedures for different motor vehicles
                                                                Role of motor engineers
                                                                  Use of recommended repairers
                                                                    Role of MIAFTR2 and CUE
                                                                      Module 10: Principles of Claims Procedures For Motor Insurance
                                                                      • 1 Apply the principles of claims procedures for motor insurance to a given set of circumstances.

                                                                        Module 11: Information and Communication Technology as This Relates to Motor Insurance
                                                                        • 1 Explain the implications of IT development for the motor insurance market

                                                                          Module 12: Principles of Information and Communication Technology as this Relates to Motor Insurance
                                                                          • 1 Apply the principles of information and communication technology as this relates to motor insurance to a given set of circumstances

                                                                            Program Requirements
                                                                            • Pass the Professional Exam in Insurance Foundations

                                                                            Pass the Professional Exam in Insurance Foundations

                                                                            • Pass the Certificate Exam in Insurance, Legal and Regulatory (IF1)

                                                                            Pass the Certificate Exam in Insurance, Legal and Regulatory (IF1)

                                                                            Program Path

                                                                            Names of the training programs that are integrated (enriched) with the training program:

                                                                            Names of the training programs that after the training program:

                                                                            Program Method
                                                                            • Lecture
                                                                            • Case Studies
                                                                            • Brainstroming
                                                                            • Practical Implementation
                                                                            • Dialogue Teams
                                                                            Evaluation Method
                                                                            • Pre Exam
                                                                            • Post Exam
                                                                            • Simulation Test for professional exam
                                                                            Training Type
                                                                            • In Class Training
                                                                            • Online Training

                                                                            Add Comment

                                                                            CAPTCHA

                                                                            Realted Program

                                                                            Problem Solving and Decision Making

                                                                            Successful organizations rely on Critical Thinking and creative thought leaders who can generate inventive problem solving answers to the organizations issues. This training program provides participants with the knowledge and skills required to analyze problems and implement creative ideas in a practical way for the work environment, in addition to familiarity with tools and techniques that help analyze solutions, choose the most appropriate, and schedule lists to choose the best solutions.

                                                                            Details

                                                                            Outstanding Sales and Negotiation Skills- B2B

                                                                            It is a well-known fact that the Great Depression of 1929 was one of the most serious economic crises of the 20th century. With time, this has led to the emergence of new concepts for B2B competition, as well as the separation of B2B sales from other sales activities. Therefore, the development of sales personnel for the corporate sector has become a must for any organization. This training program focuses on developing the sales experience and improving the experience of corporate sales customers, studying and analyzing the marketing mix and recognizing its relationship to increasing market shares and its impact on the total sales volume, in addition to providing participants with effective negotiation skills to deal with B2B sales and achieve the desired corporate goals.

                                                                            Details

                                                                            Securities Custodian

                                                                            The role of the custodian on securities is considered a major and pivotal role in the financial markets, as It preserves the assets and securities of investors to protect them from risks, and the volume of investments that the custodian undertakes to protect may reach billions of riyals. In addition to dealing with the Depository Center regarding transfer of ownership, settlement and clearing of these assets. This training program focuses on the role of the custodian and its importance in the financial market, in addition to understanding the mechanism of the custodian’s work as an intermediary between the client and the Securities Depository Center to complete the operations of trading, settlement, clearing, lending, distribution and all other related operations in the custody of securities.

                                                                            Details

                                                                            Professional Certificate in Introduction to Sustainable Bonds

                                                                            This introductory course gives you a deep understanding of the mechanics of green, social, sustainability and sustainability linked bonds, taking you from the big picture policy context to introducing the underlying drivers of market development, main product features and regulation. We discuss the Green and Social Bond Principles and Sustainability Bond Guidelines, and then the Sustainability-Linked Bond Principles. We then explain how they work in practice, including evaluation and selection of eligible projects for funding, the role of external reviewers and guidance on reporting.

                                                                            Details

                                                                            Emotional Intelligence for Professionals

                                                                            People with high intelligence and mental abilities may not necessarily be successful in life. It is essential to possess emotional intelligence, or the ability to control feelings and emotions, in order to be successful and achieve personal development. The objective of this program is to provide participants with emotional intelligence skills that will enable them to understand their feelings, regulate them, deal with them positively, master communication, possess emotional competence, and get rid of negative emotions.

                                                                            Details

                                                                            Finance for Non-Financial

                                                                            "Finance for Non-Finance Professionals" is an extensive 4-day program, with condensed and engaging sessions totalling 7 hours each day, specifically oriented towards degree-educated professionals from varied industries, the programme is ideal for those in non-financial positions and who seek to bolster their financial literacy. This comprehensive program is meticulously designed to demystify the world of finance for participants, fostering a proficiency that enables them to decipher and utilise financial information for strategic advantage. Over the course of these four days, participants will engage with financial principles and analysis techniques tailored to extend their expertise beyond their specific specialties, thereby equipping them with the understanding crucial for holistic and informed decision-making processes.

                                                                            Details

                                                                            Professional Certificate for Certified Compliance Officer (CCO)

                                                                            This training program aims to prepare the participants with the knowledge and skills necessary to pass the Certified Compliance Officer professional exam (CCO). Participants in this training program will learn how to effectively perform the duties of a compliance officer and methods for managing non-compliance risks, as well as implement risk-based anti-money laundering programs and develop relevant internal control mechanisms.

                                                                            Details

                                                                            Insurance Claims Handling (WCA)- Cert. CII

                                                                            The Insurance Claims Handling Program focuses on providing participants with a comprehensive understanding of claims management. The program covers the fundamental principles of claims handling, an understanding of insurance products and related services, as well as the considerations and procedures involved in claims management. It also addresses the structure of the claims function, effective settlement methods, and the management of associated expenses. The objective is to enhance participants' ability to apply best practices in claims management, ensuring efficiency and fairness in processing and settlement.

                                                                            Details

                                                                            Investment Funds-Management and Operations

                                                                            Capital markets have developed investment products that provide ready-made alternatives that are subject to wise management, and at a relatively low cost. Among the most important of these alternatives are investment funds in which the investor can buy a share to ensure that he contributes to a variety of promising investments. Mutual funds are one of the most popular strategies for getting returns. This program is designed to familiarize participants with investment funds and their types, and how to configure, organize and manage the operations of these funds and invest in them. As well as how to manage risks and comply with the regulations of investment funds.

                                                                            Details

                                                                            Customer Relationship Management

                                                                            CRM (Customer Relationship Management) is one of the most important tools for supporting and growing an organization. To maintain continuity in the market, an organization's real wealth is its customers. A successful business depends on communicating with clients effectively, understanding them better, and meeting their expectations. Through this training program, students will learn to understand the concepts, importance, and stages of customer relationship management and to achieve sustainable results, as well as understand the types of customers and to apply an efficient and effective customer relationship management system.

                                                                            Details

                                                                            Change Management

                                                                            Globalization, automation, digitalization and changes in workforce patterns over the past five years, and most recently due to the COVID-19 pandemic, have made rapid business transformation a necessity for organizations to change the way they think and act to keep pace with developments. In this training program, participants obtain the skills necessary to manage change by developing critical skills and familiarizing themselves with the tools to implement change accurately and smoothly, thus positively impacting the organization's growth and success, as well as its ability to remain competitive in the field of business.

                                                                            Details

                                                                            Customer Orientation

                                                                            Customers are the real wealth and capital of business organizations today. The real competitive advantage in the market is how many customers you own and your ability to maintain them. Therefore, customer centricity has become of paramount importance through customer service and excellent communication with them professionally. The program focuses on fostering a customer-centric culture by understanding customer needs and expectations aiming to make appropriate changes and thereby exceeding their expectations, delivering an outstanding customer experience and creating a long-term relationship, along with understanding the benefits of customer centric performance.

                                                                            Details

                                                                            Combating Commercial Concealment

                                                                            Combating Commercial Concealment” course provides an opportunity to develop the knowledge and skills of those working in the banking sector in the field of commercial concealment so that they can efficiently handle the challenges of this field and address the risks associated with it. This training program focuses on several key topics, including the detection of commercial concealment and how to precisely differentiate between criminal acts and this violation, as well as determining the material aspect and using appropriate inspection means to detect commercial concealment violations. Moreover, the program highlights how good faith affects the characterization of acts and provides insights into the social, economic and security risks of these acts. Throughout the “Combating Commercial Concealment” Program, participants will gain knowledge and skills necessary to take effective actions in combating commercial concealment, including the understanding the rules of detection and legal procedures for reporting violations.

                                                                            Details

                                                                            Negotiation and Persuasion Skills

                                                                            Negotiation is inevitable as many aspects of our lives are a series of negotiating situations. Negotiation and persuasion skills are one of the keys to success and one of the most important skills that any person must possess, whether in practical or personal life, since negotiation is necessary to reach mutual gain through the best possible solutions. This training program is designed to provide participants with modern methods and basic concepts of the negotiation process, in addition to familiarizing them with the main features of successful negotiation, negotiation stages, how to prepare for negotiation and making a good impression, as well as developing their ability to overcome the objection stage to reach a successful closure and mutual gain for all parties.

                                                                            Details
                                                                            We value your feedback

                                                                            Dear visitor, we hope that you will participate in improving and developing the services provided by the academy on the website.

                                                                            Was it easy to find what you were looking for on the Academy's website?
                                                                            Was the information presented on the Academy’s website sufficient and useful?
                                                                            Please share with us your suggestions for developing the website
                                                                            Thank you!