C120: Underwriting Essentials
Please note that the final examination for this course is a
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
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,
Insurance on Property,
C13: Insurance Against Liability—Part 1 and
C14: Automobile Insurance—Part 1.
- 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
who want a comprehensive p&c education and the skills and knowledge required
to advance their careers.
The following are the courses, by methodology, that are being offered by the institute.