Course

Credit Type:
Course
ACE ID:
AICP-0139
Version:
3
Organization's ID:
AU 60 (AICP-0139)
Location:
Hybrid
Length:
Self-paced (4-6 weeks)
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 evaluating commercial underwriting risks
Description

Objective:

The course objective is to provide learners with an overview of underwriting principles and practices that are important to commercial underwriters that will enhance their effectiveness and enable them to make smarter underwriting decisions.

Learning Outcomes:

  • apply underwriting practices to their everyday work
  • learn about the commercial underwriting process
  • understand how fundamental commercial underwriting principles, such as sources of internal and external information available to underwriters for account selection decision making
  • receive a knowledge basis regarding organizational culture and effective communication
  • incorporate data into the underwriting process
  • understand how ownership and organization affects the underwriting process
  • understand how to monitor their underwriting decisions.

General Topics:

  • Commercial underwriting today
  • Using data to evaluate an application
  • Using financial statements to evaluate an application
  • Evaluating an organization's operations
  • Assessing an organization's culture
  • Determining an appropriate premium
  • Monitoring underwriting decisions
  • Effective communication and collaboration
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Other
  • Final exam
Supplemental Materials
Equivalencies

Other offerings from American Institute For Chartered Property Casualty Underwriters/The Institutes