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

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