Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0053
Organization's ID:
CPCU 520 (AICP-0053)
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Hybrid
Length:
Self-paced (4-6 weeks)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 introduction to operations management
Description

Objective:

The course objective is to enable learners to improve their operational effectiveness by increasing their knowledge of how the various functional areas within a property-casualty insurer work together to create and deliver insurance products efficiently. Included is a detailed explanation of the insurance regulation and regulatory activities that affect the core insurance operations.

Learning Outcomes:

  • understand how different functional areas within a property-casualty insurance company operate and collaborate with each other
  • explain the important roles of regulation in insurance
  • understand the role of marketing and sales in insurance
  • explain the process of underwriting risk
  • have a base of knowledge regarding risk control and premium auditing
  • explain how claims are analyzed
  • understand how insurance rates are developed
  • understand reinsurance and its functions
  • evaluate information technology needs
  • understand strategic management

General Topics:

  • Understanding how insurers operate
  • Regulating insurance operations
  • Marketing and distributing insurance
  • Underwriting risk
  • Understanding risk control and premium auditing
  • Analyzing claims
  • Developing insurance rates
  • Exploring reinsurance
  • Evaluating information technology needs
  • Examining strategic management
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials