CIP120 - Underwriting Essentials

Outline information
Semester
Schools offering this subject
Last revision date Sep 16, 2020 2:00:39 PM
Last review date Sep 16, 2020 2:00:39 PM

Subject Title
Underwriting Essentials

Subject Description
Underwriting Essentials: The course begins with an overview of the underwriter's role as an investor of shareholder capital on behalf of the insurer. The role of the underwriter has evolved and students will learn how the underwriter accepts or reflects risk for the insurer within parameters both set by the insurer and imposed by the external environment.

Credit Status
One credit

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  • Understand the underwriter's function within the insurance process
  • Identify the tools needed for effective underwriting
  • Distinguish the risk factors associated with the applicant and the type of risk involved
  • Understand the different techniques for underwriting property, liability and automobile insurance
  • Determine pricing factors used in rating the risk
  • Identify the importance of relationships with the other parties of the insurance contract
  • Appreciate the underwriting environment and temperament of different organizations

Academic Integrity
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Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
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Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.