Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0105
Organization's ID:
ASLI 163
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Classroom-based
Length:
12 weeks (48 -- 72 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Insurance or Business Administration
Description

Objective:

The course objective is to enable the student to understand the core insurance operations performed by insurers and brokers in the United States surplus lines insurance market, in which nonadmitted insurers (insurers not licensed in the insured's home state) are permitted to insure risks that cannot obtain coverage in the standard insurance market.

Learning Outcomes:

  • Describe the core insurance operations performed by surplus lines insurers and brokers, including regulatory compliance, marketing, new product development, underwriting, claims, reinsurance, and financial analysis

General Topics:

  • Overview of surplus lines operations
  • Insurance regulation
  • Surplus lines insurance marketing
  • Development of new products and programs
  • Underwriting - risk assessment
  • Underwriting - ratemaking
  • Claims
  • Reinsurance
  • Insurer financial statements
  • Financial analysis of insurers and intermediaries
  • The underwriting cycle
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials