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(5.0/ 5) 22 Reviews
A program that qualifies you to pass the mandatory Insurance Fundamentals Certificate Exam (IFCE) required by (AI) and gives you a practical understanding of core insurance principles, governance, and operations in the insurance sector
(5.0/ 5)
22 Learner Rating
This training program aims to prepare participants to pass the Insurance Fundamentals Certificate Examination (IFCE), a mandatory professional exam for individuals working in the insurance sector in the Kingdom of Saudi Arabia. The program focuses on providing participants with essential knowledge of the insurance industry, including insurance principles, risk management, insurance contracts, disclosure, compensation, and insurance sector regulation. The program also covers the structure of the insurance market in Saudi Arabia, operational processes within insurance companies, various lines of insurance, and governance and compliance requirements. It is designed to equip participants with a comprehensive understanding of the insurance environment and its practical applications in accordance with the regulatory frameworks in the Kingdom. Note: This is the updated 2026 version, and the program includes the IFCE exam fee.
.Insurance Foundations Professional Exam
Insurance
Operations
Not Exist
Lecture
Case Studies +3
Lecture
Case Studies
Brainstroming
Practical Implementation
Exercises and assignments
Other
Claims Officers / Claims ...
Insurance Policy Operatio...
Reinsurance Staff
Underwriting Staff
+4Claims Officers / Claims Specialists
Insurance Policy Operations Staff
Reinsurance Staff
Underwriting Staff
Sales & Distribution / Brokers Staff
Compliance & AML/CFT Staff
Corporate Governance Staff
Customer Care Staff
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.
Self Learning
Module 1: Risk and insurance
Module 2: The insurance market
Module 3: Contract and agency
Module 4: Insurable interest
Module 5: Disclosure and representation
Module 6: Proximate cause
Module 7: Indemnity
Module 8: Contribution and subrogation
Module 9: Insurance regulation
Module 10: Ethics, corporate governance and internal controls
Module 11: The insurance process in Saudi Arabia
Equipping participants with the knowledge and skills required to successfully pass the Insurance Foundation Certificate Examination (IFCE) in accordance with approved standards.
Solidifying core legal and technical insurance principles and their practical applications within the work environment.
Understanding the full operational lifecycle of insurance policies, from risk assessment and underwriting to claims settlement.
Deepening the understanding of regulations issued by the Insurance Authority, including governance and AML/CTF requirements.
Enabling participants to identify and analyze insurance risks and select the most appropriate mitigation strategies.
Building a comprehensive awareness of the Saudi insurance market structure and the roles of companies, brokers, and reinsurers.