C120: Underwriting Essentials


Please note that the final examination for this course is a computer-based exam.

Underwriting Essentials is addressed to the beginning underwriter. You will begin with an overview of the underwriter’s role as an investor of shareholder capital on behalf of the insurer. You will see how that role has evolved and how the underwriter accepts or rejects risk for the insurer within parameters both set by the insurer and imposed by the external environment.

Underwriting Essentials also covers the many types of detailed knowledge, the "hard" and "soft" skills, and the temperament an underwriter needs to develop to succeed. You will see these characteristics applied in the analysis of individual property, liability and automobile risks.

Course Note: Before you take C120: Underwriting Essentials, we strongly recommend that you have taken the following courses:C11: Principles and Practice of Insurance, C12: Insurance on Property, C13: Insurance Against Liability—Part 1 and C14: Automobile Insurance—Part 1.

Course Outline

  • Introduction to Underwriting
  • Underwriting the Risk: An Overview
  • Underwriting the Applicant
  • Underwriting the Risk: Property
  • Underwriting the Risk: Liability
  • Underwriting the Risk: Automobile
  • Pricing the Risk
  • Underwriting Relationships
  • The Underwriting Environment

Who Should Register

All insurance courses offered by The Insurance Institute are designed for individuals who want to attain a highly recognized and respected professional designation in the p&c industry. The professional designation Chartered Insurance Professional (CIP) is recognized across Canada and elsewhere around the world as the benchmark of insurance professionalism.

Underwriting Essentials is for industry professionals, including brokers and agents, underwriters and adjusters, who want a comprehensive p&c education and the skills and knowledge required to advance their careers.