Insurance is an international profession with thriving and innovative markets across the globe. Some markets are well-established, and others are just emerging. All have their own ways of working that reflect the characteristics and cultures of the region. Insurance underwriting is common to all markets and fundamental to the business of insurance, no matter where in the world it takes place.
This unit aims to provide you with an understanding of the basic principles of underwriting which you can then apply to the specifics of your region.
Our course of study will encompass underwriting procedures, considerations applicable to the main classes of general insurance business, the structure and content of policy wordings, premium payment, renewal and cancellation, as well as the main aspects of rating. The developments in related products and services are also discussed, and we conclude by introducing the principles involved in managing the underwriting account.
Building a successful career in insurance
This course is relevant for anyone seeking to develop their knowledge and skills for a rewarding career in the insurance profession outside the UK or in a support role. Insurance Underwriting (Non-UK) (WUA) Arabic, counts towards achieving the Certificate in Insurance.
Please note this unit can only be awarded to non-UK residents.
Summary of learning outcomes
On completion of the unit, you will understand:
- The material facts and information relating to the insurance underwriting process.
- Underwriting procedures relating to the insurance underwriting process.
- Insurance policies in relation to the insurance underwriting process.
- Renewals and cancellation in relation to the insurance underwriting process.
- Personal insurances in relation to the insurance underwriting process.
- Commercial insurances in relation to the insurance underwriting process.
- The main support/ancillary services available in the insurance services.
- Underwriting considerations in relation to the insurance underwriting process.
- The principles and practices of pricing.
- Pricing factors within the context of the insurance underwriting process.
- Managing exposure within the context of the insurance underwriting process.
Assessment
- 2-hour exam
- 75 multiple choice questions
- The standard pass mark is 70% (for more information on standard pass marks please see here)
- The 2023 pass rate for this unit was 41.6%
Units treated as equivalent
Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.
If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.
Find out more about credit awards for equivalent units
