Articles Management Development Certificates (MDC)

Course details

The GII Management Development Certificates are designed to provide the theoretical and practical knowledge for progression to management level in the practice of insurance. The certificates cover such functions and disciplines as the legal and business environment, finance, capital adequacy and solvency, marketing, general management, and risk management

BOTTOM LINE BENEFITS

At the end of these courses, learners should:

INSURANCE MANAGEMENT & CORPORATE GOVERNANCE

• Have a thorough understanding of the structure and organization of an insurance business and its management
• Be able to fullfill senior management roles within an insurance organization and participate in key decision making processes of the enterprise
• Understand the fiduciary and regulatory duties and obligations of the insurance manager, officer or member of the board of directors

INSURANCE FINANCE AND CAPITAL ADEQUACY

• Be able to interpret and apply management and financial accounting to the running of the business
• Understand insurance company capital adequacy and financing
• Understand the technical provisions and their effect on the company's financial statements
• Understand and apply financial ratios in their decision making process

THE LEGAL AND BUSINESS ENVIRONMENT FOR INSURANCE IN THE MIDDLE EAST

• Understand the principles of civil and commercial laws and procedure and aspects of Sharia'a
• Understand Torts, Contracts, Statues and Agency and how they affect the insurance business
• Outline of the key provisions of legislation regulating financial transactions to prevent crime and protect the consumer

LEGAL ASPECTS OF INSURANCE CONTRACTS AND CLAIMS

• Thorougly understand the legal principles underpinning insurance contracts
• Understand the structure of the policy and the legal application of the components of the policy
• Be able to apply insurance principles to complex situations

RECOMMENDED FOR

These courses are a must for those practitioners who aspire to management and leadership positions within the insurance organisation.

AWARD

• GII official Certificate of Completion (Only awarded to trainees who pass the examination)
• Two credits towards designated inpidual membership of GII (AGII or FGII).
• Certificate holders may also be entitled to prior learning credits from the Chartered Insurance Institute. Check with GII registrar’s office for credits for each course.

COURSES OFFERED

INSURANCE MANAGEMENT & CORPORATE GOVERNANCE (MDIM)

Topics Covered:

Unit 1:  Structure of the Insurance Business

Unit 2:  Business Organization

Unit 3:  Principles of Management

Unit 4:  Principles for the Conduct of Insurance Business

Unit 5:  Corporate Governance

Unit 6:  Enterprise Risk Management

Unit 7:  Marketing Insurance products and services

INSURANCE FINANCE AND CAPITAL ADEQUACY (MDIF)

Topics Covered:

Unit 1:  Accounting Principles and Practice

Unit 2:  Technical Reserves and Underwriting results

Unit 3:  Financial Ratios

Unit 4:  Technical provisions and Reserving

Unit 5:  Capital Adequacy and Solvency

Unit 6:  Reinsurance

THE LEGAL AND BUSINESS ENVIRONMENT FOR INSURANCE IN THE MIDDLE EAST (MDLB)

Topics Covered:

Unit 1:  Sources of Law and legal systems

Unit 2:  Legal Personality

Unit 3:  Torts

Unit 4:  Contracts

Unit 5:  Agency

Unit 6:  Aspects of Sharia’a

LEGAL ASPECTS OF INSURANCE CONTRACTS & CLAIMS (MDLA)

Topics Covered:

Unit 1:  Insurable Interest

Unit 2:  Utmost Good Faith

Unit 3: Construction of the Policy, Insuring Clauses, Conditions and Warranties

Unit 4:  Proximate Cause

Unit 5:  Indemnity

Unit 6:  Subrogation

Unit 7:  Contribution