This course is about developing knowledge and understanding the fundamental principles and practices of motor insurance practice as well as risks and legal considerations associated with motor insurance.
Upon completion of the course, trainees will be expected to:
• Understand the nature of motor risk and the main factors that impact on it
• Understand the scope of cover provided by motor policies
• Understand the main practices of motor insurance
• Understand risk perception, evaluation and underwriting of motor insurance
• Understand the claims considerations and procedures of motor insurance
• The risks and legal considerations associated with motor insurance
• The scope of cover for motor car, motor cycle and commercial motor insurances
• The key market practices related to motor insurance
• The main underwriting considerations
• The claims practices related to motor insurance.
• Coursework assignment with 10 compulsory short answer questions; and a 1 hour exam comprising 50 multiple-choice questions (MCQs)
• 60% coursework nominal pass mark
• 65% exam nominal pass mark
Upon completion, trainees will receive a Certificate of Completion from The Chartered Insurance Institute (CII).