Underwriting Training

Purpose of Training

The process of evaluating the risks is of the outmost importance for any insurance company. The cost of a wrong decision can be catastrophic. Responsibility should not be borne only by the underwriter but also by the salesperson who introduced the risk. The purpose of the program is to present to the trainees the importance of the underwriting department, explain the underwriting procedure and prepare them to become the ‘initial underwriters’ i.e. being capable to assess the risk and give a more objective description to the underwriter before taking the final decision.

Training Objectives

Grasp the importance and the role of the underwriting department
Learn the internal procedure and peculiarities for each class of insurance
Distinguish the risks into: acceptable, undesirable and rejected
Develop risk assessment skills and become the ‘initial underwriters’
Improve the profitability of their own portfolio
Adopt a more friendly approach to the decisions of the underwriting department

Purpose of Training

Primarily insurance intermediaries, insurance company personnel (except experienced underwriters) and lawyers. People outside the insurance industry may also attend if they are directly or indirectly involved with general insurance.

The trainees will be examined at the end and during the program in order to receive the Certificate for CPD purposes.

Trainer:

Duration

Christos Voniatis

10 hours (2 days)