Professional Certificate in General Insurance (Underwriting)

Insurance Principles and Market Practice

• The Insurance Market Place
• Risk and Insurance
• Principles of Insurance
• Insurance Regulations and Consumer Protection
• Underwriting Procedures
• Claims Procedures
• General Insurance Products
• Life Insurance Products

The Nuts and Bolts of General Insurance Underwriting

• The Introduction
• The Underwriting Process
• The Insurance Products
• The Underwriting Ecology System
• The Pricing
• The Company Underwriting Risk Management
• The Challenges

Reinsurance

• Introduction of Reinsurance
• Definitions of Reinsurance
• The Main Purpose of Reinsurance
• Reinsurance Market
• Basic Law of Reinsurance
• Types of Reinsurance
• Reinsurance Underwriting
• Fixing Retention
• Reinsurance Programming
• Administration and Accounting

Fire Insurance

• The Introduction on Malaysian Fire Insurance Industry
• The Fundamental of Fire Insurance
• The Building Construction Classification
• The Various Extraneous Perils Available in the Revised
• Fire Tariff
• Review of Fire Policy Conditions
• Analysis of Fire Insurance Clauses
• The Fire Extinguishing Appliances
• Risk Assessment Practice Using Survey
• Fire Insurance Claim Procedures
• Other Fire Related Policies

Business Interruption Insurance

• The Introduction on Malaysian Market of Business
• Interruption Insurance
• The Financial Statements, The Policy and Gross Profit
• Specification
• Other Specifications
• Clauses & Extensions
• Insurance on Wages
• Claims Settlements Procedures
• Advance Loss of Profit
• Risk Management, Underwriting and Practical Issues
• Case Studies

Miscellaneous Accident Insurance (part 1)

• Overview of the Market for MISC Insurance
• Scope of Cover including the Exclusions, Conditions and Extensions Under the Various Classes of MISC

Miscellaneous Accident Insurance (part 2)

• Underwriting Considerations
• Rating Guides
• Survey Procedures, Survey Forms and Risk Improvement Measures
• Management Information System (MIS) and ISM Market statistics
• Claim Procedures, Settlement and Documentations
• Reinsurance

Engineering Insurance (part 1)

• Overview of the market for CAR and EAR
• Legal Principles and Policy Features
• Scope of construction insurance
• CAR and EAR policy coverage
• The General perils pertaining to CAR and EAR insurance
• The specific risks pertaining to building, civil and mechanical electrical and associated works
• The underwriting consideration and request for information
• The material damage section coverages, exclusions and conditions Assessment of risks and rating factors
• PML (Probable Maximum Loss) and retention
• Engineering risk inspection, survey and risk improvement recommendations
• Underwriting treatment and other matters
• Claims handling and provision of other related services
• The Standard construction condition of contract and its application

Engineering Insurance (part 2)

• The impact of dependency on machinery and technological changes to business
• Coverage, exclusions and underwriting provisions on Machinery Breakdown insurance and Machinery Breakdown Loss of Profit insurance, Boiler & Pressure Vessel insurance, Electronic Equipment Insurance, Deterioration of Stocks insurance, Storage Tank insurance and Civil Engineering Completed Risks insurance (CECR)
• Engineering risk survey & loss prevention
• Root cause of loss on machine and components
• Maintenance of machinery and equipment
• Claims handling procedure
• Case studies

Financial Line

• Legal terminology on law of torts
• Civil Liability and Negligence
• Risk management in financial lines insurance
• Standard cover under professional indemnity insurance and practical working assessment of the underwriting methodology and application on the following:
  • Medical Mal-Practice
  • Lawyers’ Professional Indemnity
  • Insurance for Professional Engineers
  • Cover available for Chartered Accountant
  • Cover granted under Financial Institution Professional (FIPI)
  • Directors & Officers Liability Insurance
  • Banker Blanket Bond Insurance
  • Cyber Liability Insurance
  • Crime Insurance
• Claims management of financial line insurance

Casualty Liability Insurance

• Risk management in casualty liability insurance
• Standard cover under casualty liability insurance and practical working assessment of the underwriting methodology and application on day to day basis on the following classes of insurance:
  • Public Liability Insurance
  • Products Liability Insurance
  • Contractual/Comprehensive General Liability Risk
  • Bailee’s/Warehousemen Liability Insurance
  • Freight Forwarders Legal Liability Insurance
  • Liability section of the Contractors All Risk
  • Employers Liability plus analysis of SOCSO Act Environmental Liability Impairment Insurance plus analysis of Malaysian Environment Protection Act
• Claims Management of Casualty Liability Insurance

Motor Insurance – (part 1)

• Introduction to what is Motor Insurance and its needs
• Application of the Principles of Motor Insurance
• Scope of Motor Insurance cover
• Malaysian Motor Insurance Tariff (liberalized 1 July 2016)
  Documentation
• Laws and regulations relating to Motor Insurance
• Underwriting Factors
• Application of Additional Benefits for common coverage

Motor Insurance – (part 2)

• Type of Motor Insurance cover for various Motor classes
• Computing premium for various Motor Insurance class
• Application of additional benefits for various Motor Insurance class
• Pro-rata/short period calculation
• Basic refund and addition premiums
• Risk Selection
• Theft & High Performance models
• Treatment of referred and declined vehicles
• Detariffication