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Insurance Underwriting (non-UK) (WUE)

WUE (15 CII credits – Certificate level)

Insurance Underwriting (non-UK) (WUE) provides you with knowledge and understanding of the role of underwriting including identification, assessment and acceptance of risk, rating and relevant financial factors which can be applied to your region.

Insurance is an international industry, 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 for you if you work in insurance outside the UK or aspire for a rewarding career in insurance. Insurance Underwriting (non-UK) counts towards achieving the Certificate in Insurance. Please note this unit can only be awarded to non-UK residents.

Summary of learning outcomes:

  1. Understand the material facts and information relating to the insurance underwriting process.
  2. Understand underwriting procedures relating to the insurance underwriting process.
  3. Understand insurance policies in relation to the insurance underwriting process.
  4. Understand renewals and cancellation in relation to the insurance underwriting process.
  5. Understand personal insurances in relation to the insurance underwriting process.
  6. Understand commercial insurances in relation to the insurance underwriting process.
  7. Understand the main support/ancillary services available in the insurance services.
  8. Understand underwriting considerations in relation to the insurance underwriting process.
  9. Understand the principles and practices of pricing.
  10. Understand pricing factors within the context of the insurance underwriting process.
  11. Understand managing exposure within the context of the insurance underwriting process.

More information:

Download 2019 syllabus (PDF)

Download 2019 exam guide (PDF)

Download 2020/21 syllabus (PDF)

Download 2020/21 exam guide (PDF)

Assessment

  • 2-hour exam
  • 75 multiple choice questions
  • 70% nominal pass mark

Recommended study hours: 60

Printed and digital options

*** Click here for an important notice for international deliveries ***

By purchasing the ‘Printed and digital’ option, you will incur an additional charge for postage and packaging:

£7 per order: UK, Channel Isles, Isle of Man, Republic of Ireland, Malta and Gibraltar.

£15 per order: All other countries.

For more information on Digital-only options, please visit: 'Digital Only' FAQ's

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Enrolment – 2020-21 edition (applicable to exams sat 01 May 20 to 30 Apr 21)

Information Study text and exam entry

  • Non-members £102.00
  • Members £92.00

Redeem exam voucher or book re-sit

Information Unit WUE exam

Prices displayed apply to those who wish to purchase an exam re-sit. You can also book here if you have a valid exam voucher for which you will not be charged.

  • Non-members £61.00
  • Members £51.00

Study text renewal

Information Update your study text to the next edition (Digital only)

  • Non-members £21.00
  • Members £21.00

Information Update your study text to the next edition (Printed and digital)

  • Non-members £21.00
  • Members £21.00
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This unit may also count towards: