Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0142
Organization's ID:
AU 67
Location:
Classroom-based
Length:
8 weeks (32 -- 56 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 4 Risk Management
Description

Objective:

The course objective is to enable students to apply various underwriting strategic techniques and tools to enhance the insurer's overall profitability.

Learning Outcomes:

  • How reinsurance can help solve underwriting problems
  • Effectively apply underwriting strategic techniques to their everyday work. This is accomplished through a detailed examination of how to develop competitive underwriting strategies and manage underwriting profitability in a competitive environment
  • How to effectively underwrite large accounts and utilize loss sensitive plans
  • How to manage and re-underwrite a book of business within the overall objective of achieving profitability and other goals of an insurer. The course concludes with an overview of big data, including predictive modeling concepts and analytical techniques

General Topics:

  • Developing competitive underwriting strategies
  • Managing underwriting profitability
  • Underwriting large accounts
  • Utilizing loss-sensitive plans for large accounts
  • Using reinsurance in commercial underwriting
  • Managing a book of business
  • Reunderwriting a book of business
  • Exploring big data analytics
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials