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33 - INS - Insurance
INS 110 - Insurance Underwriting
Code | Start Date | Duration | Venue | |
---|---|---|---|---|
INS 110 | 04 November 2024 | 5 Days | Istanbul | Registration Form Link |
INS 110 | 09 December 2024 | 5 Days | Istanbul | Registration Form Link |
Course Description
This course provides introduction to the principles and practices involved in underwriting business. It is about the processes involved in decision-making . This course explains personal and commercial insurance underwriting and the computer programs involved in assessing risk and liability. It covers types of policies, premiums and beneficiary options, property and casualty issues, estate planning, disability income insurance, annuities, life insurance products.
Course Objectives
- Understanding the concept of underwriting
- Understanding personal and commercial insurance
- Discussing the role of the underwriter
- Recognising underwriting skills - selecting, pricing, financial understanding, relationship and portfolio management, negotiating and influencing
- Defining the principles of pricing
- Understanding retention and reinsurance
- Understanding tools of underwriting
Who Should Attend?
- Insurance Professionals
- Human Resource Professionals
- Managers
- Financial & Accounting Professionals
Course Details/Schedule
Day 1
- Understanding the Basics of Underwriting
- Factors to Consider When Underwriting Term Life Insurance Policy
- Factors to Consider When Underwriting Disability Insurance Policy
- Factors to Consider When Underwriting Commercial Insurance Policy
- Factors to Consider When Underwriting Liability Insurance Policy
Day 2
- Defining High Risk Applicants in Life Insurance
- Getting Better Results from the Life Insurance Underwriting
- Advantages of Term Life Insurance without an Exam
- Disadvantages of Term No Exam Policy
- Need for No Exam Plan
Day 3
- Setting business thresolds by commercial business type
- Describing geospatial underwriting data
- Rating
- Desicion making for insurance
Day 4
- Understanding pricing methodology
- Defining principles of pricing
- Pricing Annuity Products
- Selecting Profitability Metrics
- Future of underwritten annuities
Day 5
- Understanding retention
- Underwriting rules of reinsurance
- Recognising underwriting tools
- Discussing the role of underwriter
- Changing role of underwriter