The objective of this unit is to develop an understanding of the strategic context within which an underwriting function is managed.
Recommended study hours: 150
This unit is tested by coursework assessment which includes a study text and the marking of a series of assignments.
Important note: The target candidate for this unit is an underwriter with several years' experience who is looking to develop their career through the route: Section Head; Departmental Underwriting Manager; Company Underwriting Manager; MGAs, Brokers, Syndicates, Captives, Reinsurance, Alternative Risk Transfer and Delegated authorities.
It is assumed that the candidate already has a grounding in underwriting gained from study of M80 Underwriting practice or 960 Advanced underwriting, and knowledge of insurance organisations, finance and regulations as typically covered in IF1 Insurance, legal and regulatory, or M92 Insurance business and finance or equivalent examinations.
This includes a printed study text, ebook and a printable PDF (ebook and PDF available on RevisionMate, with access granted for 12 months after enrolment) with electronic updates. Updates are available for 12 months after enrolment (further details on updates are included on the title page of the study text).
Developed to assist you in understanding and learning the exam syllabus, the study text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes.
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).
ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.
To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.
It is strongly recommended that you:
• print double-sided, if supported by your printer.
Candidates must complete and pass three written assignments, including any resubmissions, during the 12-month enrolment period to achieve a pass in the unit. Assignments are each up to 3,200 words in length and candidates must score a minimum of 50% in each.
Marking of assignments is included with the study text enrolment fee. Should a candidate fail an assignment, a re-submission fee will apply.
Find out more at www.cii.co.uk/coursework.
To get the most out of your enrolment please make sure we have an up-to-date valid email address for you. This will allow you to receive valuable reminders and additional information about your enrolment. If you are a new customer, please make sure you provide your email address when enrolling for coursework. If you are already registered with the CII, you can check we have the correct details at www.cii.co.uk/myCII.
These updates are Learning Solutions updates for study purposes.
To view a list of the main areas of change in the 2019 edition, please click here.
Study text updates:
On 23 June 2016, the UK voted to leave the European Union (EU).
The UK Government invoked 'Article 50' of the Lisbon Treaty on 29 March 2017. In doing so, the two-year negotiation period which will result in Britain leaving the EU began. This means that, at the time of publication, the UK's membership of the EU will cease on 29 March 2019.
Until this final 'withdrawal agreement' is entered into, the UK will continue to be a full member of the EU, compliant with all current rules and regulations, and firms must continue to abide by their obligations under UK law, including those derived from the EU, and continue with the implementation of all legislation that is still to come into effect.
The longer term impact of the decision to leave the EU on the UK's overall regulatory framework will depend, in part, on the relationship agreed between the UK Government and the EU to replace the UK's current membership at the end of the 'Article 50' negotiation period.
Please note: The UK decision to leave the European Union will have no impact on the 2017- 2018 CII syllabuses or exams. Changes that may affect future exam syllabuses will be announced as they arise.
The General Data Protection Regulation (GDPR) comes into effect on 25 May 2018. Examinations will be reflective of GDPR and the Data Protection Act 2018 from 25 May 2018.