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The advanced diploma in insurance (ACII) is a professional qualification providing an enhanced understanding of insurance practice, both technical subject matter and overall application skills, as well comprehensive assessment of market knowledge and understanding. By obtaining your advanced diploma, you can join the top professionals in the insurance sector. The advanced underwriting is one of ACII Units. Through this program, you will gain knowledge and understanding of the management of underwriting function in an insurance organizations.
The advanced diploma in insurance (ACII) is a professional qualification providing an enhanced understanding of insurance practice, both technical subject matter and overall application skills, as well comprehensive assessment of market knowledge and understanding. By obtaining your advanced diploma, you can join the top professionals in the insurance sector. The advanced underwriting is one of ACII Units. Through this program, you will gain knowledge and understanding of the management of underwriting function in an insurance organizations.
Insurance
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Credit
Not Exist
Lecture
Case Studies +2
Lecture
Case Studies
Brainstroming
Dialogue Teams
Pre Exam
Post Exam +1
Pre Exam
Post Exam
Simulation Test for professional exam
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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.
In Class Training-Online Training
The impact of legislation and regulation on the underwriting function
Relationship between the underwriting function and solvency requirements
Issues and implications of underwriting business internationally
In Class Training-Online Training
1. Relationship between the corporate, reinsurance and underwriting strategies
2. Impact of various distribution channels on the underwriting function
3. Implications of using binding authorities
4. Research required to ensure effective underwriting policy
5. Factors to be taken into account when entering and withdrawing from classes of business and markets
6. Significance of claims reserving policy and practice on portfolio management
7. Impact of product mix, segment mix and cover mix on portfolio management
8. Underwriting considerations to be taken into account when establishing policy terms and conditions
9. Importance of risk acceptance, evaluation and control on the portfolio mix
In Class Training-Online Training
1. Internal and external data required for pricing
2. Various components to be taken into consideration for pricing
3. The different statistical methods are used in pricing
4. Impact of the underwriting cycle on portfolio management
5. Claims information in relation to setting the price, setting reserves and regulatory requirements
In Class Training-Online Training
1. Aggregation and the techniques available to measure exposure to single risks, single events and catastrophes
2. Emerging risks, including systemic losses
3. Various means of managing exposure and enabling capacity, including reinsurance
In Class Training-Online Training
1. Process of planning, budgeting and forecasting
2. Reasons for monitoring underwriting results
3. Techniques for monitoring underwriting results
4. Effect of monitoring and forecasting on the underwriting strategy
5. Significance of identifying the underwriting skill-set required, key performance indicators and continuing professional development
6. Use of underwriting licenses and auditing
Analyze key regulation and legislation affecting the underwriting function.
Evaluate underwriting strategy, policy and practice.
Analyze the principles and practices of pricing.
Evaluate the management of exposures in the portfolio.
Evaluate planning, portfolio monitoring and operational controls.
