Course details
Middle and junior level management or professionals who have joined the underwriting department from other departments in an insurance company.
Note: This course is not meant for those who wish to learn rate making or pricing strategy. Those concepts will be covered in the advanced level of Medical Insurance Principles and Underwriting.
DAY 1
Principles of Medical Insurance
- Indemnity
- Insurable Interest
- Utmost Good Faith
- Proximate Cause
Introduction to Medical Underwriting
- Risk Pooling & The Law of Large Numbers
- Goal of Underwriting
- Risk Assessment
- Underwriting Philosophy & Underwriting Guidelines
DAY 2
The Underwriting Position
- Underwriting Job Positions
- Job Competencies of a Successful Underwriter
- Underwriter Training
- Decision Options & Authority Levels of Underwriters
- Organization of the Underwriting Unit
- The Relationship of Underwriting to Other Insurance Functions
Legal Aspects of Underwriting Policies for Individuals
- Contract Law Issues That Affect Underwriting
- Regulatory Compliance Issues That Affect Underwriting
- Underwriting Standards
DAY 3
Underwriting Activities & Technology
- Field Underwriting
- Policy Issue
- Reinsurance Underwriting
- Underwriting Technology
Underwriting Individual Health Insurance
- Sources of Information
- Making an Underwriting Decision
- Underwriting Individual Disability Income Insurance
- Underwriting Terminologies
- Underwriting Individual Long – Term Care Insurance
DAY 4
Legal Aspects of Group Insurance Underwriting
- The Group Insurance Contract
- Regulatory Compliance Issues Affecting Group Insurance Underwriting
Underwriting Calculations
DAY 5
Risk Assessment for Group Insurance
- The Proposed Group
Local Market Considerations
Course Location
About Arab Insurance Institute
Created under the umbrella of the GAIF – General Arab Insurance Federation and owned by 40+ shareholders from insurance-related organizations from across the Arab world, The Arab Insurance Institute is an independent organization providing training and education to insurance-related organizations and inpiduals across Middle-East, Gulf and North Africa.
their ctheirses and programmes are designed to support people from all disciplines in, or associated with, the insurance industry, both general and life; insurance and reinsurance providers, insurance brokers, loss adjusters, and insurance departments in other business sectors. The range of ctheirses is constantly expanding in response to demand.
As experienced insurance practitioners and business leaders they know that in order to improve performance at work, training needs to develop practical skills as theyll as theoretical knowledge. To achieve this they bring together academic research, practical advice and guidance, professional development and rigorous standards to enhance technical competence and business capabilities. This is good for business, for society at large, and good for people's working lives.
they combine of face-to-face delivery with the latest methods in technology-enabled learning, appropriate to the topic and programme requirements. Ctheirses are offered across the region, some from their permanent sites and others from temporary venues. their trainers are insurance practitioners and/or specialists in their field.
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