Insurance Underwriting (non-UK) (WUE)
Insurance Underwriting (non-UK) (WUE) 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.
Insurance is an international industry, 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 for you if you work in insurance outside the UK or aspire for a rewarding career in insurance. Insurance Underwriting (non-UK) counts towards achieving the Certificate in Insurance. Please note this unit can only be awarded to non-UK residents.
Summary of learning outcomes:
- Understand the material facts and information relating to the insurance underwriting process.
- Understand underwriting procedures relating to the insurance underwriting process.
- Understand insurance policies in relation to the insurance underwriting process.
- Understand renewals and cancellation in relation to the insurance underwriting process.
- Understand personal insurances in relation to the insurance underwriting process.
- Understand commercial insurances in relation to the insurance underwriting process.
- Understand the main support/ancillary services available in the insurance services.
- Understand underwriting considerations in relation to the insurance underwriting process.
- Understand the principles and practices of pricing.
- Understand pricing factors within the context of the insurance underwriting process.
- Understand managing exposure within the context of the insurance underwriting process.
Download 2019 syllabus (PDF)
Download 2019 exam guide (PDF)
- 2-hour exam
- 75 multiple choice questions
- 70% nominal pass mark
Recommended study hours: 60
Remote Invigilation for this unit
Toilet breaks are not allowed for remotely invigilated examination so please ensure you go before the start of your examination. If you require an adjustment to this rule please apply here.
Recreating a formal exam centre, remote invigilation connects you to a live invigilator for your exam. There is an additional fee of £25 to sit your exam by remote invigilation. Before choosing to sit your exam by remote invigilation you must check that your equipment is suitable. Important: Scroll down the ‘Testing Your Equipment’ page, complete the ‘Live technician’ form to connect to a Help Desk Technician and ask for a full system check. You must use Chrome or Firefox. Safari is not compatible with CII testing software. Further information can be found on the remote invigilation page. If you would like to sit your exam by remote invigilation you will be required to place your booking through the UK website. Exam results will be immediately available as soon as you have completed your exam.
Printed and digital options
By purchasing the ‘Printed and digital’ option, you will incur an additional charge for postage and packaging:
£7 per order: UK, Channel Isles, Isle of Man, Republic of Ireland, Malta and Gibraltar.
£15 per order: All other countries.
For more information on Digital-only options, please visit: 'Digital Only' FAQ's