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RQF Level N/A

Overview

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Insurance Underwriting (non-UK) - Arabic (WUA)

Insurance Underwriting (Non-UK) (WUA) Arabic, provides you with knowledge and understanding of the role of underwriting including identification, assessment and acceptance of risk, rating and relevant financial factors which can be applied to your region.

The default Enrolment option for this unit includes:

  • Latest version of the core learning content, in digital format only.
  • Assessment entry.

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Insurance is an international profession with thriving and innovative markets across the globe. Some markets are well-established, and others are just emerging. All have their own ways of working that reflect the characteristics and cultures of the region. Insurance underwriting is common to all markets and fundamental to the business of insurance, no matter where in the world it takes place.

This unit aims to provide you with an understanding of the basic principles of underwriting which you can then apply to the specifics of your region. 

Our course of study will encompass underwriting procedures, considerations applicable to the main classes of general insurance business, the structure and content of policy wordings, premium payment, renewal and cancellation, as well as the main aspects of rating. The developments in related products and services are also discussed, and we conclude by introducing the principles involved in managing the underwriting account.

Building a successful career in insurance

This course is relevant for anyone seeking to develop their knowledge and skills for a rewarding career in the insurance profession outside the UK or in a support role. Insurance Underwriting (Non-UK) (WUA) Arabic, counts towards achieving the Certificate in Insurance.

Please note this unit can only be awarded to non-UK residents.

SuMmary of learning outcomes

  1. Understand the material facts and information relating to the insurance underwriting process.
  2. Understand underwriting procedures relating to the insurance underwriting process.
  3. Understand insurance policies in relation to the insurance underwriting process.
  4. Understand renewals and cancellation in relation to the insurance underwriting process.
  5. Understand personal insurances in relation to the insurance underwriting process.
  6. Understand commercial insurances in relation to the insurance underwriting process.
  7. Understand the main support/ancillary services available in the insurance services.
  8. Understand underwriting considerations in relation to the insurance underwriting process.
  9. Understand the principles and practices of pricing.
  10. Understand pricing factors within the context of the insurance underwriting process.
  11. Understand managing exposure within the context of the insurance underwriting process.

Assessment

  • 2-hour exam
  • 75 multiple choice questions
  • 70% nominal pass mark

Study material - editions available

2021-22 edition (applicable to exams sat 01 May 2021 to 30 Apr 2022).