Introduction to Underwriting Training Workshop

Workshop objectives

The course is suitable for anyone who needs an understanding of the principles of underwriting and assumes no prior knowledge. It is also relevant for anyone who works in underwriting or broking who needs knowledge of the subject.

Workshop Objectives

• To understand the nature of risk and the means used to manage those risks
• To be aware of the types of information required by underwriters to enable risk assessment
• Understand the basic principles of insurance pricing of a risk
• Describe the measures available to insurers to control their exposure to claims including reinsurance
• Describe the concept of accumulation of risk and how this can be controlled
• Understand why surveys can be required and the nature of information that the surveyor would seek

Workshop Content

• Defining risk management and the means available to deal with risks faced by individuals and organisations
• Risk assessment and the nature of information required by insurers to undertake the process
• The concept of “Utmost Good Faith” and why it is so important in an insurance contract
• The impact of The Insurance Act 2015 upon the risk assessment process
• The approach to providing cover including an overview of the fundamentals of the policy (including conditions, endorsements and warranties)
• The considerations and process of risk pricing

The workshop will be undertaken by means of a number of exercises and case studies.

Trainer

David Hole ACII

Method of delivery

This workshop will be delivered online either via Zoom or MS Teams, over one full-day session, on the 10 & 11 February 2025, 09:30 - 12:30 (UK). 

Certificate

At the end of this workshop, you will receive a certificate of attendance from the Chartered Insurance Institute.

Price

• Members: £189
• Non-members: £249

How to book

To register for this workshop, please complete the below form: 

For enquiries about this course, please email to: business.enquiries@cii.co.uk

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Please note: courses are sold on a first come first serve basis, and therefore availability may change, depending on the number of bookings received. Once a course becomes full, the above date will no longer be available, and new dates will be published.

We reserve the right to postpone the above course dates, subject to a minimum number of course bookings received. Your booking will only be confirmed, once payment has been processed and you receive a booking confirmation email from the training team.

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